Category Archives: fiat currency
BANK SAYS: IF YOU BELIEVE BANKS LEND DEPOSITS, YOU ARE WRONG
This is NOT an April Fool’s prank. Indeed, the Bank of England wants you to understand that when it comes to money creation, everything you “know” is wrong (cross-posted at The Air Standard)… In its recent press release, the BoE … Continue reading
Posted in Asset Bubble, Bank of America, Conspiracy, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, fiat currency, Financial Terrorism, Foreclosure fraud, Keiser Report, Redistribution
Tagged Bank of England, Ben Bernanke, big lie, central banking, commercial bank, currency, deposits, Federal Reserve, fiat money, fictional money, James Tobin, lending, loan, Mein Kampf, mind control, money out of thin air, myth, reserves, textbooks
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BILL BUTLER: FORECLOSURE FRAUD AND SECURITIZATION IN A (VERY PRECISE) NUTSHELL
Some great articles by Bill Butler at Liberty Law, who knows a thing or two about securitization and foreclosure fraud, as he won one of the first (if not the first) lawsuits over securitization in 1996. Butler has been railroaded … Continue reading
Posted in Bank of America, Conspiracy, Debt, Everything Is Rigged, Fannie Mae, Federal Reserve, fiat currency, Financial Terrorism, Foreclosure fraud, MERS, Uncategorized
Tagged attorney, Bank of America, Bill Butler, Butler Liberty Law, Fannie Mae, fines, foreclosure fraud, quitclaim deed, suspended, Wells Fargo
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WHY DOES EVERYTHING COST SO MUCH? SCHIFF EXPLAINS
The simple answer is, of course, inflation. The powers that be are trying to convince us that inflation is a good thing, a healthy thing, as Peter Schiff notes here: “It is no accident that the concept of ‘inflation’ has … Continue reading
Posted in "supply and demand", Asset Bubble, class war, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, fiat currency, Iran, minimum wage, Price, Price-fixing, QE unlimited, Redistribution, Uncategorized, Wage slavery, Wages, Wealth transfer, ZIRP
Tagged Federal Reserve, fictional money, inflation, Michael Hudson, minimum wage, Peter Schiff, purchasing power, QE, ZIRP
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TAX TIME: PAY UP SO WE CAN CONTINUE TO TRAMPLE YOUR RIGHTS
It’s tax season! “Working for no one but me,” indeed… In the spirit of the season, Naked Capitalism has an interesting post today, titled “Whistleblower Reveals Favoritism Toward the Rich, Robo-Signing at the IRS.” Here’s an interesting excerpt regarding the … Continue reading
BANKS DO NOT LEND MONEY: ROSENBERG EDITION
ABSTRACT: I get tired of reading about how banks lend money and take all these risks and are therefore entitled to “repayment.” National discourse on the fact that banks do not lend their or their depositors’ money needs to begin … Continue reading
Posted in Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, fiat currency, Secondary debt market, US Bank
Tagged borrowing, Federal Reserve, fractional reserve, investors, lending, Maury Rosenberg, money out of thin air, mortgage-backed securities, New York Times, securitization
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BANK RUN IN THAILAND–CAN’T HAPPEN HERE, BECAUSE…AMERICA?
From Zero Hedge: “Thailand’s Government Savings Bank (GSB) president admitted that clients withdrew 30bn Baht (around $1bn) in a single-day last week and Bank for Agriculture and Agricultural Cooperatives (BAAC) and Krungthai Bank (KTB), although of a much smaller magnitude, … Continue reading
Posted in bank run, fiat currency
Tagged Bangkok Post, bank run, fiat currency, Gerald Celente, Thailand, Zero Hedge
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YOUR MONEY IS WORTHLESS BY DESIGN
As usual, Max Keiser’s show is always worth watching. This time, it’s for something his guest–Simon Rose of Save Our Savers said almost offhandedly toward the end of the show (23:57 mark): “It’s like being in The Matrix. You know, … Continue reading
Posted in Debt, Debt Slavery, Everything Is Rigged, fiat currency, Financial Terrorism, Keiser Report, Price, Price-fixing, Redistribution, Rent-seeking, Rentier, Reverse socialism, Wage slavery, Wages, Wealth transfer
Tagged deflation, fiat currency, inflation, Max Keiser, rent-seeking, Rentier, Save our Savers, Simon Rose
3 Comments
FANNIE DOESN’T OWN $#!+–COURTS DON’T CARE
In a great article headlined “Foreclosure Is Financial Terrorism, Is it also Treason? (Just Who Are We Giving Homes Of Americans to After All?)”, Matt Weidner weighs in on the fact that Fannie Mae admits it doesn’t own the notes … Continue reading
ANTI-MINIMUM WAGE ARGUMENT DESTROYED
The argument against raising the minimum wage that one encounters quite a bit on social media and forum/blog comments goes something like this: if and when minimum wage is raised, it only makes the cost of goods and services go … Continue reading
Posted in "supply and demand", Asset Bubble, class war, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, fiat currency, Financial Terrorism, minimum wage, Price, Price-fixing
Tagged Chase, Everything Is Rigged, Jamie Dimon, LIBOR, Madoff, McDonald's, minimum wage, Obama, oil prices, raise, social media
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THE FED HAS FAILED: 100 YEARS OF THE FEDERAL RESERVE
The Federal Reserve Act was passed on December 23, 1913. It was supposed to prevent bank panics, like the Panic of 1907. It was supposed to keep inflation and unemployment down. It was supposed to stabilize the system. That’s how … Continue reading
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