Financial Blowout Ahead: Lobotomized Economists Clash on the Deck of the Titanic

Financial Blowout Ahead: Lobotomized Economists Clash on the Deck of the Titanic

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…

All Hail the Conquering Central Bankers – Or Else

All Hail the Conquering Central Bankers – Or Else

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…

Follow the Money: Banking, Criminality and the US FinCEN Files

Follow the Money: Banking, Criminality and the US FinCEN Files

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. …

How Is Money Created? Part II

How Is Money Created? Part II

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,…

How Is Money Created? Part I

How Is Money Created? Part I

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…