Tag Archives: Bank of England
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
An anniversary repost, originally appearing March 31, 2014 at my other blog, The Air Standard: The very essence of what this blog is all about has been spelled out and confirmed in an article by the Bank of England: “Commercial … Continue reading
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
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
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
Very interesting commentary from David Graeber (Occupy movement leader and author of “Debt: The First 5,000 Years“) on the Bank of England’s recent admission that money is created out of thin air. Graeber sounds as excited as me in describing … Continue reading