A 4th of July Message from a Senior German Banker

By Folker Hellmeyer, Translation Lars Schall

Since 1997 – 2004, the U.S. was changed from an income-driven economy into an economy, whose economic performance is determined by political control of asset prices.

The purpose of the principle of the free market is in substantial parts connected to this (established under Clinton, Rubin, Summers, Greenspan). This is a core cause of all crises that we currently encounter.

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