Central banks + banks + governments = same circus, different clowns!?…

Are enough people waking up to make a difference like this cartoonist? Click on the image to enlarge it. Central banks create “money” from thin air, call it quantitative easing, sell it as “public debts” or “treasury bonds” to get interest payments, and people are in awe of fancy papers and words they don’t understand. [...]

Goldman, Goldman über alles

This GATA article is a remarkable summary of the madness that has resulted from bankers going berserk in their greed and need for power and control: Goldman can “print money” faster than the European Central Bank – by using credit default swaps. These were invented by J.P.Morgan in the early 1990s. So governments are not [...]

The Greek Tragedy

This blog post puts the EU and Greece excellently into the general debt perspective of our system, with central banks and governments as its key players, in a mortal embrace. Remember: the money supply of a nation consists of Cash issued by government as notes and coins – interest-free – raising seigniorage as income Credit [...]

The mortal embrace between banks and governments

London Firm was Created to Route Cash This article in the Wall Street Journal shows how the “funny money” that banks create out of thin air as “financial products” and “derivatives” is short of a farce, if not con and fraud, or “legal forgery” as one author describes it. However, we’ve come to realise that [...]

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