Search Results for: erp

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Similarities Between US Credit Unions and the German Sparkasse Banks

Executive Summary Banks that serve a public service function exist in the US and Germany. These are the US credit unions and the German Sparkasse banks. About Credit Unions of the US Credit unions are local banks that were at one time set up as non-profits. They historically stuck to a narrow range of services…

Are Trade Deficits a Problem or a Positive for a Country?

Executive Summary The following is a very different interpretation of trade deficits than is provided by mainstream economists. We evaluate this interpretation and provide our view. Introduction Normally countries try to stay away from trade deficits. An entire type of economics, called mercantilism, of which Adam Smith was a major proponent, was centered on running…

Quotes from the Book The Web of Debt

Executive Summary The excellent book The Web of Debt was so good, it was necessary to record some quotes. Introduction This book explains the problem with private banking and why banking should be public. It provides a tremendously insightful explanation of the history of private banking interests and how previous battles between private and public…

Quotes from the Book The Next Economic Disaster – Why its Coming and How Avoid It

Executive Summary The excellent book The Next Economic Disaster was so good, it was necessary to record some quotes. Introduction This book explains research into the relationship between private debt to GDP ratios and economic declines. Richard Vague began this research as follows. But back in 2009, in the aftermath of the Great Recession, Vague…

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Is High Private Debt Negatively Related to Economic Performance?

Executive Summary There are many statements made about the appropriate debt level of countries. What is often lacking is comparative evidence of how private debt and public debt contribute to or undermine economic performance. Introduction There is great debate as to what is the correct level of private debt. This article will look at different…

How the EU Was Designed to Indebt the Smaller Countries to the Larger

Executive Summary The largest countries designed the EU in the EU to serve their needs. We cover how the EU has done exactly what it was designed to do. Introduction The EU was introduced using a large number of false claims. The intent of the EU was always for the large EU countries to subordinate…

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Is High Public Debt Negatively Related to Economic Performance?

Executive Summary There are many statements made about the appropriate debt level of countries. What is often lacking is comparative evidence of how private debt and public debt contribute to or undermine economic performance. Introduction There is great debate as to what is the correct level of the public or national debt. This article will…

Quotes from the Book The New Great Depression

Executive Summary The excellent book The New Great Depression was interesting, it was necessary to record some quotes. Introduction This book covers a scenario that is the opposite of the often projected recovery that would come as the pandemic recedes from its current heights. Our References for This Article If you want to see our…

Why Do People Not Hold Others Accountable for Forecast Error?

Why Do People Not Hold Others Accountable for Forecast Error?

Executive Summary A major issue with forecast error is the lack of interest in measuring individuals. We cover an instance of why this is. Introduction The problem with not holding people accountable for forecast error is proliferated both in companies and in societies. This article shows an example of this general distain for holding people…