Here is an interview by Iranian Press TV with Michael Burns, an American economist. While he doesn’t answer the questions particularly well, at least the gist of what he’s saying is that money is created from nothing and sold for “interest” that the Fed didn’t solve the ‘crisis’ in 2008 that the American people were [...]
Filed under: Central Banks, Credit creation, Economics, Federal Reserve, Government debt, Money as Debt, National debt, Public debt, Sovereign debt | 7 Comments »
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. [...]
Filed under: Banks, Campaigning, Central Banks, City of London, Credit creation, European Central Bank, Federal Reserve, Government debt, Money as Debt, Nation States, National debt, Public debt | Tagged: Central bank, Government, Quantitative easing | Leave a Comment »
This article can be found on Finance and Economics, the website of ecnomist and former banker Alasdair Macleod. However, his quote “Zero interest rate represents the most serious mispricing of money. It does not contribute to producing the savings industry requires for recovery.” indicates that he sees “money” only as a product. I refer to [...]
Filed under: Central Banks, Credit creation, Government debt, National debt, Public debt, Sovereign debt | Tagged: Banknote, Central bank, Federal Reserve System, Government bond, Inflation, Medium of exchange | Leave a Comment »
This is a great article with an interesting string of comments, written by an entrepreneur who calls a spade a spade. It’s part of the remarkable work of The Cobden Centre which stands for honest money and social progress!!! I came across it thanks to Steve Baker MP who supports Douglas Carswell MP in his [...]
Filed under: Banks, Central Banks, Credit creation, Economics, Government budgets, Government debt, Money as Debt, National debt, Public debt, Sovereign debt | Tagged: Douglas Carswell, Douglas Carswell MP, national debt, Steve Baker | Leave a Comment »
It is quite extraordinary to watch what is happening publicly and to “see” what is really taking place. I have added today’s budget figures to the analysis of the last 10 years and produced the three graphs below. The June 2010 figures are labelled “2011″. What matters in the development of these budgets is: 1. [...]
Filed under: Credit creation, Government budgets, Government debt, National debt, Public debt, Sovereign debt | Tagged: budgets, interest payments, trends, UK | 4 Comments »
This video is a great way of illustrating the absurdity of debt-based economies in general and national debts in particular.
Filed under: Credit creation, Euro, Government debt, Greece, Money as Debt, Nation States, National debt, Public debt, Sovereign debt | Tagged: national debts, video | 1 Comment »
Who has benefitted from the United Kingdom agreeing to Article 104 of the Maastricht Treaty? A German TV program on the financial crisis suggested that there are 500 lobbyists from the banking industry for every lobbyist from the real economy. The Treasury spelled it out in a letter to Alexander Baron, publisher of Financial Reform: [...]
Filed under: Banks, Central Banks, Companies, Credit creation | Tagged: Article 104, credit creation, Maastricht Treaty | Leave a Comment »
