Dáil debates
Thursday, 14 October 2010
Announcement by Minister for Finance on Banking of 30 September 2010: Statements (Resumed).
The financial markets are not grounded in any sensible reality. A recent report by Mitsubishi security analysts suggests that real economic assets are worth $49 trillion globally while financial assets, the illusionary money, are valued at $159 trillion. There is a huge difference. The illusionary money is what has caused the problem here, and is what will cause problems in the future unless we take the opportunity to refocus our economy and where society is going, and deal with real people with real products in a real economy.
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