Category Archives: Nixon Shock
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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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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FAKE MONEY THEN AND NOW: IRELAND EDITION
Two pieces of information have struck me recently, both concerning Ireland at first glance, but really concerning all of humankind when you really think about it. Let me discuss the second piece of info first, which is summed up quite … Continue reading
Posted in Crap-italism, Debt Slavery, Everything Is Rigged, fiat currency, Financialization, Nixon Shock, self-issued currency
Tagged 1970, Antoin Murphy, austerity, basic guaranteed income, basic income, cashless society, Felix Martin, foreclosure, Harvard Business Review, Ireland, Irish Banking Crisis, Irish Central Bank, Irish Independent, Money: The Unauthorized Biography, Nixon Shock, Patrick Honohan, repossession, self-issued currency
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SELF-ISSUED CURRENCY: THE WAY OUT OF DEBT SLAVERY
Check out this extremely relevant and important article from Washington’s Blog: 9 Mind-Blowing Facts About Money. It is a great primer for those not familiar with fiat currency and the fact that modern currency is, without question, created out … Continue reading
Posted in Crap-italism, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, fiat currency, Financialization, Nixon Shock, Redistribution, Rent-seeking, Rentier, Reverse socialism, self-issued currency, Wage slavery, Wages
Tagged banking, central banking, China, credit, dollars, Federal Reserve, fiat currency, fractional reserve banking, salt currency, self-issued currency, Washington's Blog
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WHY NOT EMBRACE WORTHLESS CURRENCY?
Extremely interesting post from Sprott Money linked at Zero Hedge (Debt-Free Money: NOT A Solution, Zero Hedge, Feb. 10, 2015), in which the lawsuit of COMER v. Bank of Canada is evaluated. I will confess that until reading the article, … Continue reading
Posted in Crap-italism, Debt, Debt Slavery, Everything Is Rigged, Feudalism, fiat currency, Financial Terrorism, Financialization, Nixon Shock, Reverse socialism, self-issued currency, Wage slavery
Tagged Ann Emmett, Bank of Canada, COMER, Committee for Monetary and Economic Reform, Global Research, gold standard, public banking, Rocco Galati, Sprott Money, William Krehm, Zero Hedge
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43 YEARS OF FAKE MONEY: MUST-WATCH VIDEO
Finally broke down and watched one of the videos I had been hearing about on the Peak Prosperity website. This video was the 9th in a series of 27 and was appropriately posted last Friday, August 15, the 43rd anniversary of … Continue reading
Posted in Asset Bubble, Crap-italism, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, Feudalism, fiat currency, Financial Terrorism, Financialization, Foreclosure fraud, Keiser Report, Nixon Shock, Redistribution, Rent-seeking, Reverse socialism, Wage slavery, Wealth transfer
Tagged Bretton Woods, FDR, Federal Reserve, fiat currency, GIABO, gold confiscation, hyperinflation, Nixon Shock, Peak Prosperity
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HOW FAKE MONEY BECAME LEGAL MONEY: THE AFFIRMATION OF THE NIXON SHOCK
Forty-three years ago today in what is now not-so-commonly known as the “Nixon Shock”, Richard Nixon ended the Bretton Woods system by ending the convertibility of Federal Reserve Notes to gold, thereby putting the United States—and the world—on the road … Continue reading
Posted in Bank of America, California, civil rights, class war, Conspiracy, Crap-italism, Debt Slavery, Everything Is Rigged, Federal Reserve, Feudalism, fiat currency, Financialization, Kangaroo court, Nixon Shock, Redistribution, Rent-seeking, Reverse socialism, Wage slavery, Washington, Wealth transfer
Tagged Bank of America, Bretton Woods, Brown v. Board of Education, fake money, Federal Reserve, H.L. Perry, Larry Becraft, Mae Brussell, Milam v. U.S., Ninth Circuit, Nixon Shock, Plessy v. Ferguson, Richard Nixon, The Realist
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DOES MONEY EXIST?
To answer the question in the headline–money exists as much as anything else that is completely made up out of nothing… Indeed, check out the above video from Time Magazine’s website. What Time’s Justin Fox tells us at approximately 1:47 … Continue reading
INSTEAD OF BANNING CASH, GO TO SELF-ISSUED CURRENCY
Apparently Kenneth Rogoff doesn’t think the banks and their kept governments have enough ways to screw us all over, so he is proposing a ban on cash: “Has the time come to consider phasing out anonymous paper currency, starting with … Continue reading
Posted in Asset Bubble, Conspiracy, Crap-italism, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, fiat currency, Financial Terrorism, Financialization, Nixon Shock, QE unlimited, self-issued currency, Wages, Wealth transfer
Tagged Bank of England, cash, cashless society, debt, debt slavery, endogenous money, Federal Reserve, Financial Times, Harvard, inflation, Kenneth Rogoff, money is fictional, pre-existing money, promissory note, reserves, self-issued currency
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NOT NEGATIVE, JUST TRUE: “EXPENSES SOAR, WAGES STALL”
A few days ago, the website of The Washington Post ran a story with this headline–“Happy Days No More: Middle-class families squeezed as expenses soar, wages stall.” No shit, Sherlock. The article tells us the following: “Wages for millions of … Continue reading
Posted in Asset Bubble, class war, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, Feudalism, fiat currency, Financialization, Nixon Shock, self-issued currency, stock market, Wage slavery, Wages, Wealth transfer
Tagged 000 Years, 1971, 1987, Bank of England, Black Monday, Charles Hugh Smith, David Graeber, debt, Debt: The First 5, financialization, Happy Days, inflation, median household income, middle class, Nixon Shock, Of Two Minds, Ronald Reagan, S&L Crisis, self-issued currency, The Air Standard, Washington Post
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LIBERTY ROAD MEDIA 