How Privatized Banking Really Works

390 122 4MB

English Pages [394]

Report DMCA / Copyright

DOWNLOAD PDF FILE

Recommend Papers

How the World Really Works 9780241989685

There is no author whose books I look forward to more than Vaclav Smil' Bill Gates__________We have never had so mu

255 152 394KB Read more

Homeopathy : How It Really Works 159102109X, 2003010925

553 38 30MB Read more

Tax Havens: How Globalization Really Works 9780801468568

From the Cayman Islands and the Isle of Man to the Principality of Liechtenstein and the state of Delaware, tax havens o

103 4 1MB Read more

How Texas Politics Really Works 1974269515, 9781974269518

Finally, a Texas truth-telling tale about Lone Star State politics by three authors with over 100 combined years of expe

626 77 270KB Read more

How our economy really works 9780856834424, 9780856832918, 9780856831355

395 42 995KB Read more

Money Talks: Explaining How Money Really Works 9781400885268

The world of money is being transformed as households and organizations face changing economies, and new currencies and

111 27 3MB Read more

Hitting Against the Spin: How Cricket Really Works 9781472131232

2,494 620 3MB Read more

How Russia Really Works: The Informal Practices That Shaped Post-Soviet Politics and Business 9780801461682

During the Soviet era, blat—the use of personal networks for obtaining goods and services in short supply and for circum

103 35 1MB Read more

Business Model Innovation: How it really works 9781032514154, 9781032514147, 9781003402121, 1032514159

Based on the author’s 30 years of consulting experience and validated by doctoral research, this book focuses on creatin

100 70 13MB Read more

How Space Physics Really Works: Lessons from Well-Constructed Science Fiction 3031339495, 9783031339493

There is a huge gulf between the real physics of space travel and the way it is commonly portrayed in movies and TV show

146 12 8MB Read more

How Privatized Banking Really Works

Author / Uploaded
L. Carlos Lara

0 0 0
Like this paper and download? You can publish your own PDF file online for free in a few minutes! Sign Up

File loading please wait...

Citation preview

! ! !

"!#$%&!'$(!%)&!*+,!-&(./$0!$'!

1$2!*(/34%/5&6!7408/09!!"#$$%!:$(8.! 7;!4(?$.!+.,! +$-.! '.7,638(/! ?$(34++($! (3! ,@($)3,5$("".$1,22$'?;2%,+$ %$;&%7),7%2$7#&'$)3%)$:"#$7%+$,8;2'8'+)$,88'*,%)'2:/$ @3,5$("".$7"='&5$8#73$4&"#+*/$0)$53"15$)3%)$"#&$7#&&'+)$7&,5,5>$ %5$ 1'22$ %5$ )3'$ 4'+'&%2$ 9,+%+7,%2$ 5)ƺ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

#" $

!"#$%&'()*%+,"-."#/% HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH$

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d?"+#("2(-+5)1"

A)-="30"+#("W)-="&6"L->1)-%:"3-"H+)1$"3+"30"+#("L&*(5-,(-+0" (*(5$'#(5(" )5(" 6" +#)+" ,&0+" &6" (5,3-)+(%" 65&," +#(" 3%()" &6" 65((%&,?" M#30" ,&*(,(-+" (891&%(%" #(5(" 3-" +#30" 2&["" D(",:" )-%" A53113)-+" 5(*&1(130+32" (891&03&-?" /" ,&*(,(-+" +#)+" '&5=0" 3-" +#30" ,)--(5" 2)-"

;"+#("(-(5)1" 9)3-3->" ,&,(-+" +#(" 3-%3*3%(" +&" &+#(50?" /0" +#(" ,(00)>(" >5&'0:" 9&3->" &-" )11" )5&3->" #(190" +#53--3->" 9)5)>5)9#0:" +#(" 5()%(5C0" )99(+3+(" #)0" A((-" '#(++(%" (-&#" +&" ')-+" +&" A(2&,(" ,&5("

)2;3*3->"3+"0(53&0" &6" +#(" >5()+" 21)0032)1" -)+)*("(895(003&-"+&"3')++%HI(')0%"3-"]XX^b#)*(" 2&,(" %&'-" +&" -&5(%" A$" +#(" G('" l()1" &6" T5)-=13-" l?" _&&0(*(1+?" M#)+" ')0" 0(*(-+$U63*(" $()50" )>&[" /" >53,"

5(,3-%(5" +#)+" +#(" 5(63-0" )-%" A)032" +(-(+0" &6" /" )-%" ,&0+" 5(2&>-3P(%" 3-%(9(-%(-+" &5>)-3P)+3&-0"

2&,,3++(%"+&"095()%3->"65((",)5=(+"3%()0"#(5("3-"+#("K-3+(%"B+)+(0?Q""

/+"+#(0("+'&"'(A03+(0"$&:" )-%" +#($" #)%" A((-" %&3->"3+"6&5"%(2)%(0["

M#(5(" )5(" ,)-$" >5()+" 6&5(3>-" 02#&1)50" '#&" 2&" )-" 3%()" '3+#3-" 23*313P)+3&-" +#)+" ')0" 6)10(?" H-" 6)2+:" #(" A(13(*(%" +#30" 3%()" +&" A(" 0&"

%(10" )-%"

1(2+#+" )5&3-"

&-(C0"(%"3-*&1*(%"3-"+#30"A)++1("&*(5"+#(",3-%0"&6",(-?" "

8"&(*+:0+0%&(L#+90+B(!,+/&$%( "

H" )2=-&'1(%>(" &+#(5" >&&%" 653(-%0" )-%" 6(11&'" /3(0"'311"-&+" A("130+(%?"""

H+"30")10&"95&A)A1$"'30("6&5",("+&"9&3-+"&(,(-+"&6")11"+#("25()+&50"&6"+#(0("3%()0"'#32#"

H" #)*(" " +&" >3*(" &66323)1" 25(%3+?" /+" A(0+:" _&A(5+" )-%"H"#)*(")55)->(%"'#)+"'("+#3-=")5("A53113)-+"3%()0"3-")",)--(5"+&" 03-"+&"0#)5(" '3+#"_&A(5+"O" A&&=:" M&"$"2)&+#D$#B$%#=%++"$9"%(0253A(%"+#30"9)5+32(-(5)+3&-S"

D#(-"H"1&&="A)2="&-",$"&'-"2)5((5:"H"2)-"63-%"91(-+$"&6"

5()0&-0"6&5"%302&(,(-+:"9(50&-)1"%302&(,(-+?"H"#)*("-&+"

1)2=(%"6&5"3-%+#"A&&=0[#

/-%" $(+:" '#)+" #)*(" H" )22&,9130#(%." M#(" '&51%" 30"

(-&5,&