Tag Archives: Federal Reserve
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
NO, IT’S NOT YOUR IMAGINATION: YOUR REAL WAGES ARE GOING DOWN
You know that cold dread that drops into the pit of your stomach when you check your balance and see that you’re down to your last few dollars and payday is still a week away? Too much month at the … Continue reading
Posted in Crap-italism, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, Feudalism, fiat currency, Financial Terrorism, Paper terrorism, Price, Price-fixing, Redistribution, stock market, Wage slavery, Wages
Tagged bailout, BLS, Bureau of Labor Statistics, debt slavery, Everything Is Rigged, fascism, Federal Reserve, fiat currency, fraud, Goodwill, inflation, Jif, joe2, nominal wages, Prison Planet, real wages, S&P 500, StockCharts.com, Zero Hedge
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PART 2: WHAT “RECOVERY”? WHO CAN AFFORD ANYTHING?
Who can afford anything? Not many people, it seems. As noted in yesterday’s post, half of America cannot afford the house they are “buying,” while at the same time rents are skyrocketing, with the number of people who pay half … Continue reading
Posted in "supply and demand", class war, Crap-italism, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, Feudalism, fiat currency, Financial Terrorism, Financialization, Paper terrorism, Price, Price-fixing, QE unlimited, Redistribution, Reverse socialism, Too big to fail, Wage slavery, Wages, Wealth transfer
Tagged bailout, BLS, debt slavery, Everything Is Rigged, Federal Reserve, fiat currency, foodstuffs, inflation, promissory note, QE, The Economist, wage slavery, Zero Hedge
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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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BANKS GET FREE MONEY, YOU GET JACK-OLA
“Quantitative easing” (QE) is a fancy, bullshit banker term for “We’re going to give free money to banks and it’s going to come out of your pocket.” Of course, as we all know by now, the money that was and … Continue reading
WAKE UP: “ENTIRE STATUS QUO IS RIGGED”
Charles Hugh Smith gets it exactly right in this excerpt below. The emperor is naked, and you can see it with your own eyes, if only you will open them and wake up! Smith’s commentary: The stock market is only … Continue reading
Posted in Asset Bubble, Conspiracy, Debt Slavery, Everything Is Rigged, Federal Reserve, Financial Terrorism, Foreclosure fraud, Paper terrorism, Price-fixing, Redistribution, Wage slavery, War Is A Racket, Wealth transfer, ZIRP
Tagged emperor's new clothes, endogenous money, Everything Is Rigged, Federal Reserve, foreclosure fraud, hft, status quo, student loans, ZIRP
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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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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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