Is Your Money Really Safe in Banks? Italian Bank Masked Losses For Years

It’s interesting to think of how economic propaganda works. On the one hand, banks are presented to the public as the essence of safe institutions. On the other hand, putting your money under the mattress goes with signs of stupidity. But this story of the Bank of Italy might make you want to consider getting off the financial grid.
Image from Trading Weeks

About Bruce Lerro

Bruce Lerro has taught for 25 years as an adjunct college professor of psychology at Golden Gate University, Dominican University and Diablo Valley College. He has applied a Vygotskian socio-historical perspective to his four books: From Earth-Spirits to Sky-Gods: the Socio-ecological Origins of Monotheism, Individualism and Hyper-Abstract Reasoning Power in Eden: The Emergence of Gender Hierarchies in the Ancient World Co-Authored with Christopher Chase-Dunn Social Change: Globalization from the Stone Age to the Present and Lucifer's Labyrinth: Individualism, Hyper-Abstract Thinking and the Process of Becoming Civilized He is also a representational artist specializing in pen-and-ink drawings. Bruce is a libertarian communist and lives in Olympia WA.

View all posts by Bruce Lerro →

Leave a Reply

Your email address will not be published. Required fields are marked *