Wednesday, August 17, 2016

Catherine Austin-Fitts: 
“THE DEBT MODEL IS DONE!”
It’s equity for debt swap. Since WW2 we’ve been on the debt-growth model, growing the economy by issuing more government debt .. "We have literally evolved an infrastructure and a leadership of people who don’t understand or have never participated in markets." .. They don’t understand market economies; they don’t understand understand command and control economies. We’ve literally been living off debt growth, and that debt growth is slowing. Part of the challenge of being in a debt-based economy is that people get out of alignment. There’s no better example than what’s happening with student loans. We’re literally watching an entire industry make more money off their borrowers’ failure than their borrowers’ success. When you’re integrating very complex equity at fantastic speeds, equity builds a much more aligned model between the parties. We’re definitely coming into a debt-for-equity swap worldwide .. 48 minutes

1 comment:

Anonymous said...

hopefully cartels, too.....
EpiPen Price Hike Has Parents of Kids With Allergies Scrambling Ahead of School Year

by Ben Popken
Doctors and patients say the Mylan pharmaceutical company has jacked up the prices for an EpiPen — the portable device that can stop a potentially life-threatening allergic reaction — from around $100 in 2008 to $500 and up today.

That's a hike of over 400 percent.

"Patients are calling and saying they can't afford it," said Dr. Douglas McMahon, an allergy specialist in Maplewood, Minnesota. "They're between a rock and a hard place."

Following a recall by Mylan's chief competitor last year, the company now enjoys a near monopoly.
http://www.nbcnews.com/business/economy/epipen-price-hike-has-parents-kids-allergies-scrambling-ahead-school-n633071