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Dr. Kalinda Rose Stevenson
When Creative Financing By Banks Gets Out Of Control
What is the basic cause of the financial crisis? It is the process called creative financing, because creative financing creates money. Creating money is different from mining for gold or drilling for oil. Mining and drilling seek to find something that already exists. But money cannot be discovered the way that gold or oil can be discovered. Money is an idea of value and is created in transactions. Read more
Sphere: Related ContentTags: bailout, banks, banks create money out of thin air, creative financing, financial crisis, money, real estate
How You Can Create Financial Freedom In A Time Of Financial Crisis
The financial crisis fills the news. Each day, we hear about more billions for stimulus packages to banks “too big to fail.” We also hear dire warnings about the collapse of major corporations, such as the Big Three auto makers in the United States. The crisis is real, as is spreads throughout our entire economic system, both nationally and internationally. Read more
Sphere: Related ContentTags: bailout, banks, banks create money out of thin air, entrepreneur, financial crisis, financial freedom, freedom equation, hero, heroic story, Main Street, No Money Limits for Real Estate Investors, rescue, salvation, Wall Street
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