Under the new world order of “stakeholder capitalism” citizens will learn to own nothing and be happy, Matt Ehret writes. As the geniuses running the western financial bubble sometimes called an “economy” continue to double down on their obsession to pump a dead financial system with ever more trillions in stimulus spending, arguments are raging…
If you are unclear what’s happening, frankly, you aren’t paying attention. The central banks, at the urging of the World Economic Forum, have come from behind the shadows to assert their will over the world. In order to create the imprimatur of depth and sincerity Fungal President Joe Biden tapped former FOMC Chair Janet Yellen…
Imagine a bird was led to believe that it was a fish. For a while it might get used to living under water, but it wouldn’t take long before it could sense that something was wrong. If the bird didn’t realize that its nature is to fly and breath the air in time, then its…
It was all a fitting reminder of Bertolt Brecht’s remark that bank robbery lies in the province of amateurs. The real professionals of plunder establish banks. Last month, the labours of Buzzfeed and the International Consortium of Investigative Journalists revealed just that. Centre stage: international banking misbehaviour. And my, was there much to go on. …
In Part I of this article, we looked at some of the prevailing confusions and contradictions within the money creation concept. We also determined that understanding commercial bank money creation will, in essence, satisfy our goal of understanding how new money is created into the economy. In order to determine how bank money is created,…
Without resorting to lofty rhetorics and convoluted hypotheses, this two-part article demonstrates – using experimental data and empirical evidence – exactly how and by whom new money is created into the economy. How is money created? Where does new money come from? This question sounds so simple – so elementary, that one would expect any…
