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 video is a good summary of the essence of money created from thin air – as national debts the impossibility of paying back national debts the farcical games that governments and central banks make us want to believe. One of the problems seems to be that people don’t think “currency”, but “money”. Another problem [...]
Filed under: Currencies, Euro, Government debt, Nation States, National debt, Public debt, Sovereign debt | Tagged: Central bank, government debt | 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 »
There is an excellent article written from the American perspective and experience entitled Repudiate this lie of a debt! I have elaborated on it here – with a 3-point action list for national governments.
Filed under: Government debt, Nation States, National debt, Public debt, Sovereign debt | Tagged: lies, national debts | Leave a Comment »
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 »
There’s a new kid on the block: The UK Economy’s Debt bombshell An interesting analysis, a good compilation of sources and data and an appeal to take personal responsibility. How the national debt bomb affects us as individuals varies. But it certainly affects us all as no politician will be able to change the current [...]
Filed under: Government debt, Money as Debt, National debt, Public debt, Sovereign debt | Tagged: national debt | 1 Comment »
New Labour set up the Debt Management Office in 1998. But I’m sure it would have been set up by the other party, too. In parallel with the budget, it publishes Debt Management Reports, where I collected the data for this graph: The sharp rise in 2008 signals the “crisis”.
Filed under: Government debt, National debt, Public debt, Sovereign debt | Leave a Comment »
