You know that gold bear market that the financial press keeps touting? The one George Soros keeps proclaiming? Well, it is not there. The gold bear market is disinformation that is helping elites acquire the gold. Continue reading
Over the past month there has been a statistically improbable concurrence of events that can only be explained as a conspiracy to protect the dollar from the Federal Reserve’s policy of Quantitative Easing (QE). Continue reading
There are many signs of gangster state America. One is the collusion between federal authorities and banksters in a criminal conspiracy to rig the markets for gold and silver. Continue reading
I was the first to point out that the Federal Reserve was rigging all markets, not merely bond prices and interest rates, and that the Fed is rigging the bullion market in order to protect the US dollar’s exchange value, which is threatened by the Fed’s quantitative easing. With the Fed adding to the supply of dollars faster than the demand for dollars is increasing, the price or exchange value of the dollar is set up to fall. Continue reading
For Americans, financial and economic Armageddon might be close at hand. The evidence for this conclusion is the concerted effort by the Federal Reserve and its dependent financial institutions to scare people away from gold and silver by driving down their prices. Continue reading
As Congress struggles through one budget crisis after another, it is becoming increasingly evident that austerity doesn’t work. We cannot possibly pay off a $16 trillion debt by tightening our belts, slashing public services, and raising taxes. Historically, when the deficit has been reduced, the money supply has been reduced along with it, throwing the economy into recession. Continue reading
The Oxford Dictionary of Proverbs lists the oldest written version of the saying “what you don’t know can’t hurt you” as coming from playwright George Pettie’s Petit Palace in 1576: “So long as I know it not, it hurteth me not.” Continue reading
The trillion dollar coin actually represents one of the most important principles of popular prosperity ever conceived: the creation of money by sovereign governments, debt-free. Continue reading
The West’s attempts to destroy the Iranian economy through heightened sanctions—including most imports, oil exports and use of banks for trade operations—is having its effect. Continue reading
QE3, the Federal Reserve’s third round of quantitative easing, is so open-ended that it is being called QE Infinity. Doubts about its effectiveness are surfacing even on Wall Street. Continue reading
Recently, one of a series of pitchmen trying to sell their financial products to me proposed Exchange Traded Funds (ETFs) that will make more dollars the more the US dollar goes down in value. Continue reading
The Fed’s announcement on September 13, 2012, that it was embarking on a third round of quantitative easing has brought the “sound money” crew out in force, pumping out articles with frighting titles such as “QE3 Will Unleash’ Economic Horror’ On The Human Race.” The Fed calls QE an asset swap, swapping Fed-created dollars for other assets on the banks’ balance sheets. But critics call it “reckless money printing” and say it will inevitably produce hyperinflation. Too much money will be chasing too few goods, forcing prices up and the value of the dollar down. Continue reading
It is impossible to make up a fantasy tale that rivals the manifestations of the outlandish MF Global scandal. The evaporation of customer’s monies into an intentional off shore stash is tragic enough, but the indignity of allowing “no consequences” for a horrific crime against all investors is inexcusable. Continue reading
The Euro appears to be a marriage of incompatible partners. A June 1 article in the UK Telegraph, titled “Why Europe’s Love Affair with the European Project Is Ending,” reported that two-thirds of 9,000 respondents thought that having the euro as their single currency was a mistake. Continue reading
The YouTube video of 12-year-old Victoria Grant speaking at the Public Banking in America conference in April has gone viral, topping a million views on various websites. Continue reading
The Goldman Sachs coup that failed in America has nearly succeeded in Europe—a permanent, irrevocable, unchallengeable bailout for the banks underwritten by the taxpayers. Continue reading
The United States government and its NATO puppets have been killing Muslim men, women and children for a decade in the name of bringing them democracy. But is the West itself a democracy? Continue reading
Watching what’s happening to our democracy is like watching the cruise ship Costa Concordia founder and sink slowly into the sea off the coast of Italy, as the passengers, shorn of life vests, scramble for safety as best they can, while the captain trips and falls conveniently into a waiting lifeboat. Continue reading
On November 27, Bloomberg News reported the results of its successful case to force the Fed to reveal the lending details of its 2008–09 bank bailout. In 29,000 pages of documents, the Fed revealed that by March 2009, it had committed $7.77 trillion in below-market loans and guarantees to rescuing the financial system; and that these nearly interest-free loans came without strings attached. The Fed insisted that the loans were repaid and there have been no losses, but the banks reaped a $13 billion windfall in profits; and “details suggest taxpayers paid a price beyond dollars as the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger.” Continue reading
Feeling angry about being betrayed by a corrupt government owned by rich and corporate elites has driven the Occupy Wall Street movement. Emphasizing how the top one percent has prospered incredibly while the bottom 99 percent have been screwed royally is supported by countless data. New data show this is a global phenomenon and that even in the worst of economic times the wealthiest make out like the bandits they are, and there are a lot more of them than one percent. Continue reading
Stripped from the fancy (and mystifying) jargon, quantitative easing (QE) simply means increasing the quantity of money supply, or easing credit conditions—in the hope of stimulating the stagnant economy. This is usually done by having central banks inject a pre-determined quantity of money into the coffers of commercial banks in return for the purchase of their financial assets, which consist largely of government bonds. Although it is typically done electronically, or on paper, its practical effect is the same as printing money. Continue reading
Hey, let’s go into McGlinchey’s, the cheapest bar in Center City. When I first entered this place in 1982, I was only 18, so to make myself look somewhat legal, I wore an old man jacket, bought at a thrift store for 2 bucks. Inside, I was thrilled to discover that a draft of Rolling Rock was only 50 cents, and a hotdog 25. Now they are $1.25 and 75 cents, respectively. This low life bar, my kind, is still dirt cheap, but that’s inflation for you. Continue reading
If Russian prime minister Putin’s recent description of America as “a parasite on the world” was reported by the US media, little doubt but that most Americans were infuriated. We are the virtuous people. Without us good guys to police the world there would be mayhem and wars everywhere, not merely the ones we started in the Middle East, Asia, and North Africa. Without the American white hats people everywhere would be starving and dying from natural disasters. It is us chosen ones who provide the rescue operations and good deeds. How dare the former KGB monster slander our country! Continue reading
The game of Russian roulette being played with the U.S. federal debt has been called a “grotesque political carnival” and political blackmail. Continue reading
Democrats and Republicans in Washington are emitting much sound and fury on the issue of federal debt and a balanced budget. What they won’t be telling us is that we could have it all: a balanced budget, no national debt, full employment, greatly reduced income taxes and expanded social programs. How this is even remotely possible will never be addressed by our two corporate political parties or the U.S. corporate stream media. Continue reading
On June 30, QE2 ended with a whimper. The Fed’s second round of “quantitative easing” involved $600 billion created with a computer keystroke for the purchase of long-term government bonds. But the government never actually got the money, which went straight into the reserve accounts of banks, where it still sits today. Worse, it went into the reserve accounts of FOREIGN banks, on which the Federal Reserve is now paying 0.25 percent interest. Continue reading
Washington, DC, is a Potemkin village of alabaster and marble where the perpetually stalled and broken escalators of the city’s subway system are a perfect metaphor for the government’s inability to generate positive, upward movement. Yet with all the calumnies that are committed on an hourly basis behind the facade of our nation’s capitol, what had local media there outraged a few days ago? Lemonade. Continue reading
The war between fiat paper money and precious metals continues as the price of gold keeps going through the roof and the US paper debt-currency submerges. Continue reading
A game of Russian roulette is being played with the national debt ceiling. Fire the wrong chamber of the gun, and the result could be the second Great Depression. Continue reading
“Deficit terrorists” are gutting governments and forcing the privatization of public assets, all in the name of “deficit reduction.” But deficits aren’t actually a bad thing. In today’s monetary scheme, in which most money comes from debt, debt and deficits are actually necessary to have a stable money supply. The public debt is the people’s money. Continue reading
I present herein ‘The Quantum Theory of Money.’ The name is not some silly gimmick; it is meant to illuminate, if I may be so presumptuous. Continue reading
It was Abraham Lincoln who followed his Constitutional right to coin a US currency. President Lincoln created US Greenbacks from 1862–1871, printed by the US mint, delivered to the US Treasury to conduct and pay off the Civil War debt. Yet, after his tragic (if not related) assassination, the country returned and departed again from private banking systems. Continue reading
RSS