Category Archives: fiat currency
Socialism scare more accurately aimed at capitalism
It’s hilarious when the capitalists try to fearmonger over trying something that might actually help people. Socialism leads to “complete economic calamity?” Isn’t that what capitalism did in 2008? And 1987? And 1971? And 1929? And is about to do … Continue reading
Posted in Asset Bubble, class war, Crap-italism, fiat currency, Financial Terrorism, Financialization, Liberty Road, Master Narrative, Nixon Shock, Rent-seeking, Rentier, Securities, socialism, Uncategorized, Wealth transfer
Tagged capitalism, Donald Trump, economics, fearmongering, late capitalism, Marc Faber, Michael Hudson, recession, Reverse socialism, socialism, Zero Hedge
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5 Ways to Fix The Economy For The Better: Richard Wolff Interview
This interview is instantly my favorite thing Lionel has ever done. He interviews the brilliant economist Richard Wolff, and from the get-go, it’s a tour de force of common sense obliterating tired, hackneyed, jingoistic propaganda that somehow just won’t die … Continue reading
Posted in Crap-italism, Everything Is Rigged, Federal Reserve, fiat currency, freedom, history, Redistribution, Reverse socialism, socialism, Wage slavery, Wealth transfer
Tagged Federal Reserve, Jeremy Corbyn, Karl Marx, Labour Party, Lionel, Marxism, money supply, Richard Wolff, right to own, socialism
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Conspiracy fact: Actual proof that banks create money out of nothing (Part 1)
Here at LRM, I have written a great deal about the fact that banks create money out of nothing, ex nihilo, out of thin air. This assertion was made after extensive research into the money-creation process, and I found that … Continue reading
Posted in Crap-italism, Debt Slavery, Everything Is Rigged, fiat currency, Paper terrorism, Redistribution, Reverse socialism, Too big to fail, Wealth transfer
Tagged banks, fractional reserve banking, free money, International Review of Financial Analysis, liquidity, money out of thin air, Raiffeisenbank Wildenberg eG, Richard Werner
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Beat The Banks At Their Own Game: Self-Issued Currency In Action (Part Two)
(Part one, about Michael Tellinger and paying off bank “loans” with self-issued promissory notes, can be found here.) What better day to write and post a story involving Irish banks and Irish ingenuity than St. Patrick’s Day? Readers of this … Continue reading
Posted in Crap-italism, Federal Reserve, fiat currency, history, self-issued currency
Tagged 1970, central bank, Central Bank of Ireland, Federal Reserve, Federal Reserve Note, Felix Martin, IOUs, Irish Bank Closure, Money: The Unauthorized Biography, self-issued currency, St. Patrick's Day, thank you notes
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Beat the Banks at Their Own Game: Self-Issued Currency In Action (Part One)
IMPORTANT NOTE/DISCLAIMER: The following article is not legal advice and was not written by an attorney. It is merely a collection of common-sense, rational observations written by a sane, rational layperson with common sense. It is recommended that you consult … Continue reading
Posted in Federal Reserve, fiat currency, Foreclosure, Foreclosure fraud, freedom, Secondary debt market, self-issued currency
Tagged bill, bill of exchange, cash, check, Federal Reserve, I Bet You Thought, Michael Tellinger, money out of thin air, note, promissory note, rand, self-issued currency, South Africa, Standard Bank
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The great word game of banking explained: reclassifying “loans” as “deposits”
The other day, I ran across another stellar article about money creation at Washington’s Blog. The article, titled “A Loophole Allows Banks – But Not Other Companies – to Create Money Out of Thin Air” contains excerpts from a 2014 … Continue reading
Bailout vs. Bernie: Which is more “socialist?”
Oh, the smugness that doth flow from those who fancy themselves to be cold realists, allegedly harboring nary a scintilla of fantasy about the way the world doth “really work”—a way which these smug folk unfailingly describe with a single, … Continue reading
Posted in Crap-italism, Everything Is Rigged, Federal Reserve, fiat currency, Financial Terrorism, Financialization, QE unlimited, Redistribution, Rent-seeking, Reverse socialism
Tagged 2008, bailout, Bernie Sander, Bill O'Reilly, free stuff, money out of nothing, money out of thin air, PBS, QE, QE unlimited, quantitative easing, secret bailout, socialism
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Quantum Theory of Fake Money and Fraud: “The black hole of debt is starting to warp the financial universe”
Professor Max “Planck” Keiser again breaks down for us what is really going on in Episode 827 of the Keiser Report. Professor Stacy “Einstein” Herbert tells us that in the past few episodes, she and Max had been talking about … Continue reading
Posted in Crap-italism, Debt, Debt Slavery, Everything Is Rigged, fiat currency, Financial Terrorism, Financialization, Foreclosure, Keiser Report, petrodollar, QE unlimited, Rent-seeking, Too big to fail, Wealth transfer, World War III
Tagged black hole, financial fraud, Financial Terrorism, fraud, Max Keiser, quantum theory, Stacy Herbert
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Where is the money gonna come from to pay for all that “free stuff?” From thin air, of course—time to accept the truth.
NOTE: This is not an article about, or necessarily in support of Bernie Sanders. Please don’t read it that way. He is just emblematic of the larger point being made herein and therefore has to be referred to multiple times… … Continue reading
Why Is All Money Ultimately Fake? Economist Steve Keen Explains. Time to Break Your Conditioning.
In a post-Oxi appearance on the Keiser Report (episode #780), noted economist Steve Keen spoke about the Greek economic situation specifically, then about the nature of debt generally, and in so doing perfectly encapsulated what I recently have been chastised … Continue reading
Posted in Conspiracy, Crap-italism, Debt Slavery, Everything Is Rigged, Federal Reserve, fiat currency, Financial Terrorism, Financialization, Keiser Report, Nixon Shock, Rentier, Reverse socialism, self-issued currency, Tyranny, Wage slavery, Wealth transfer
Tagged bank, European Central Bank, Federal Reserve, Greece, Greeks, Keiser Report, loan, Max Keiser, money is a concept, money is fake, money is fictional, money out of nothing, self-issued currency, Stacy Herbert, Steve Keen
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