Two global financial strategists have shown that central banks control only 10 per cent of total global liquidity. The other 90 per cent is accounted for by derivatives and securitised debt, reports Colin Teese.NEW MONETARISM by David Roche and Bob McKee(London: Lulu Enterprises) Paperback: 96 pagesRec. price: AUD$14.95 Understanding a financial crisis is not so difficult, if we look behind the immediate and obvious cause and don’t allow ourselves to be sidetracked. We should ignore the self-dec…
