The spin, lies, manipulation and deceptions are coming so fast and thick it’s increasingly difficult to document them all, let alone analyze them.
But in the broad sweep of recent events we can see a common theme emerging:
“People’s dignity is worth more than illegal, illegitimate, odious and unsustainable debt”
Amazon part time workers are becoming the working poor.
Mortgage origination’s and refinancing continue to fall and the volume is disappearing.
Cyprus still under capital controls and they are now battling high unemployment, bad loans and a failing economy
We often view finance as a niche area characterised by numbers, complex graphs, and professionals wielding obscure techniques, but the sector is in fact underpinned by human relationships, power dynamics and philosophical concepts that we all intuitively understand. Realising this is a great step towards keeping the financial commons open.
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