<DrumBeat: October 13, 2008 The Oil Drum Revisiting an April 2007 Forecast Regarding The Connection Between Peak Oil and the Collapse of the Monetary System>

152 comments on Herman Daly on the Credit Crisis, Financial Assets, and Real Wealth

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tonyw on October 7, 2008 - 6:13pm Permalink | Subthread | Parent | Comments top

While you're plotting to get rid of fractional banking, here in the UK we're just about to pump another GBP50bn ($80bn) into the banking system, details will be announced tomorrow morning before the markets open.

300,000 savers here found their savings frozen today when the Icelandic bank Landsbanki went bust.

The shares of our ex-second largest bank (Royal Bank of Scotland) dropped 40% today. A few weeks ago they were the tenth largest bank in the world.

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Paleocon on October 7, 2008 - 6:16pm Permalink | Subthread | Parent | Comments top

Will this be "the week the banks went away"?

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malcolmkettering on October 8, 2008 - 8:20am Permalink | Subthread | Parent | Comments top

Helicopter Ben, with one blade rusting apart and the other increasingly covered in bird doo-doo, to the rescue!!

Read all about the latest unprecedented action here. So maybe 'the week the banks went away' will be next week instead...

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152 comments on Herman Daly on the Credit Crisis, Financial Assets, and Real Wealth

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