Source – mises.org – “…The Panic of 1857…itself is a textbook example of an Austrian business cycle, caused by the lending activities of fractional-reserve banks. This original sin of the banking system concluded with the birth of a monster in 1914: The Federal Reserve” The Birth Of A Monster – By David Howden The Federal Reserve’s…
Source – oftwominds.com – “…The politically invisible / financially vulnerable have declared we’re still here to their globalized elite aristocrats, and this rebellion against elite domination and profiteering is being demonized by the corporate-state media as populism rather than what it really is: a full-blown revolt of the working class” 2019: The Three Trends That…
Source – oftwominds.com – “…The current recession has not yet been acknowledged, but this is standard operating procedure: recessions are only declared long after they actually start due to statistical reporting lags…So what caused the recession of 2019-21? Apparently nothing…This lack of apparent trigger will mystify conventional economists…The cause of the recession of 2019-21 is…
Source – stuartbramhall.wordpress.com – “…Contrary to popular belief*, private banks create 97% of our money out of thin air when they issue loans (see An IMF Proposal to Ban Banks from Creating Money). This results in an ever increasing debt spiral, which can only be repaid via continuously increasing economic growth” Growing Pains: The Ecological…
Source – oftwominds.com – “…No longer content with blowing one credit-speculative bubble at a time, central bankers coordinated their efforts in 2009-2018 and inflated the Everything Bubble…But the Everything Bubble merely papered them over with a triple-whammy credit-speculative orgy of unprecedented enormity…consumption that was once paid out of earnings / revenues is now paid by…
Source – counterpunch.org – ‘…The three wealthiest families — the Waltons, the Kochs, and the Mars — increased their wealth by nearly 6,000 percent since 1983…Despite massive increases in growth and productivity, the median family saw their wealth go down over the past three decades, not up” How the Age of Billionaires Ends – By Josh…
Source – oftwominds.com – ‘…Costs have tripled in 24 years, but have wages tripled? No. In many cases, they haven’t even kept pace with official inflation, much less real-world inflation…Sorry, boom-time America: the lifestyle you ordered in now out of stock and we have no indication it will be in stock again within the foreseeable…
Source – projectchesapeake.wordpress.com – “…The bankers have created a society of dependent people that they can exploit. They can only continue to exploit people as long as they are dependent on the bankers for the things they need. Once this dependence is broken the bankers lose much of their control on society’ How Do You…
Source – oftwominds.com – “…We know that after 10 years of expansion, a recession is baked in…The neofeudal-rentier structure of our economy is brittle, inflexible and grossly inefficient. As a result, a “downturn” will unleash a tsunami as opaque, brittle skims and scams break down” A Recession Survival Guide – By Charles Hugh Smith The…
Source – michaelparenti.org – Imperialism has been the most powerful force in world history over the last four or five centuries, carving up whole continents while oppressing indigenous peoples and obliterating entire civilizations. Yet, it is seldom accorded any serious attention by our academics, media commentators, and political leaders. When not ignored outright, the subject…
Source – straightlinelogic.com – “…How does a run on an individual bank turn into a loose yarn that once pulled, unravels the whole sweater? The bank tries to increase its liquid funds, drawing on whatever lines of emergency credit it may have, and to convert it’s illiquid assets into liquid assets, calling in loans. This…
Source – econimica.blogspot.com – “…Absent population growth among the nations that do nearly all the consuming, a debt based economic and financial system (to coerce ever higher levels of debt fueled consumption) can’t ultimately succeed…Clearly, the time of population growth and the growth of the global consumer base has run its course” ‘On the Precipice of Secular Decline’,…
Source – oftwominds.com – “….Entrenched, self-serving elites are protected from the disastrous consequences of their policies and self-serving greed. In Taleb’s terminology, they have no skin in the game: policies can be complete failures but nobody’s fired, and nobody’s pay is cut” Why Everything That Needs to Be Fixed Remains Permanently Broken – By Charles Hugh…
Source – EllenBrown.com – “…From 1932 to 1957 the RFC loaned or invested more than $40 billion. A small part of this came from its initial capitalization. The rest was borrowed, chiefly from the government itself…The RFC financed roads, bridges, dams, post offices, universities, electrical power, mortgages, farms, and much more; and it funded all…
Source – riggedgame.blog – “…At the demise of empire, City of London financial interests created a web of offshore secrecy jurisdictions that captured wealth from across the globe and hid it behind obscure financial structures in a web of offshore islands. Today…Britain and its offshore jurisdictions are the largest global players in the world of…
Source – scientificamerican.com – “…When those who run gambling casinos or bankers suffering from moral turpitude make a zillion times more than the scientists and inventors who brought us lasers, transistors and an understanding of DNA, it is clear that something is wrong” The American Economy Is Rigged (…And what we can do about it)…
Source -.oftwominds.com – …“First and foremost, the aristocratic financial and political elites secured their position at the expense of social mobility by erecting barriers that protect them from competition and accountability. In effect, they eliminated the risk posed by change by rigging the system to their benefit” The Dynamics of Decadence – By Charles Hugh…
Source – hendersonlefthook.wordpress.com – “…Populism prevailed and Jackson was re-elected. In 1835 he was the target of the first assassination attempt on a US President. The gunman was Richard Lawrence, who confessed that he was, “in touch with the powers in Europe”. [839] Still, in 1836 Jackson refused to renew the BUS charter. Under his…
Source – oftwominds.com – “…“Money” is only useful if it is a means to acquire real wealth, which is the agency, opportunity and time to pursue your life’s work. There are many people who can spend $600,000 a year on various things (i.e. their “lifestyle”) who don’t feel “wealthy”–and if they don’t have agency and time…
Source – lrb.co.uk – “…Solved. For many decades. That was the climate of intellectual overconfidence in which the crisis began. It’s been said that the four most expensive words in the world are: ‘This time it’s different.’ After the Fall – By John Lanchester It’s a decade and a bit since the global financial crisis…
Source – oftwominds.com – “…How’s the economy doing? It depends on which class you’re in. The Protected Class is doing just fine, the class with access to cheap credit and participation in asset bubbles has never had it so good, while the Unprotected Class faces a bleak future of lower real wages, rising costs of…
Source – seekingalpha.com – “…The surplus dollars no longer being recycled into Treasuries is akin to a cessation of the North Atlantic current…without the flow, the organic system has broken down” The Metamorphasis Of America Into A Quasi Centrally Controlled Economy – By Chris Hamilton I’ll make the case that there are no longer any organic net buyers of US Treasury debt……
Source – yesmagazine.org – “…The U.S. is better at subsidizing wealthy people than low-income people” Why Normal People Can’t Afford a House- By Tracy Matsue Loeffelholz & Chris Winters http://www.yesmagazine.org/issues/affordable-housing/infographic-why-normal-people-cant-afford-a-house-20180604
Source – bibliotecapleyades.net – “…The Federal Reserve Cartel is a brief well-documented history of the Eight Families who control the world’s private central banks and most of the planet’s resources” The Federal Reserve Cartel – By Dean Henderson Part 1 – The Eight Families The Four Horsemen of Banking, Bank of America JP Morgan Chase Citigroup…
Source – thesaker.is – “…The news is that cryptos are cash. Crypto currency wallets can now seamlessly exchange any cryptocurrency into any other one with the push of a button or turn a crypto currency back into a fiat currency via an exchange. These wallets can be used to trade on crypto currency markets; to…
Source – oftwominds.com – “…The Neoliberal Agenda trumpets “free trade” because “free trade” is a cover for “free capital flows.” Once capital is free to flow from central-bank fueled global corporations, no domestic bidder can outbid foreign mobile capital, as those closest to the central bank credit spigots can borrow essentially unlimited sums at near-zero…
Source – yesmagazine.org – “…We must challenge its bogus claims as logical and practical fallacies. And simultaneously affirm the self-evident truth that: We are living beings born of and nurtured by a living Earth. Life exists—can exist—only in living communities that self-organize to create the conditions essential to life’s existence. Money is just a number,…
Source –theamericanconservative.com – “…As befits these engines of global capitalism, these cities and their inhabitants are pulling away with growing momentum from their native countries and cultures. Untethered from their localities, they are being transformed into an archipelago of analogous islands….this process represents a divide between the cosmopolitans and the provincials…The wealth, dynamism, and consequent…
Source – dailyreckoning.com – “…In 1933 President Franklin Roosevelt ordered an increase in the gold price from $20.67 per ounce to $35.00 per ounce, nearly a 75% rise in the dollar price of gold…He did this to break the deflation of the Great Depression, and it worked. The economy grew strongly from 1934-36″: The Golden…
Source – zerohedge.com – “..Venezuela’s decision comes at a time when other countries (namely Russia and China) are already finding ways to avoid using the U.S. dollar…History shows us that currency domination does not last forever. Are we seeing the cracks in the latest global currency reserve system?”: Oil Rich Venezuela Stops Accepting Dollars President Maduro…
Source – rt.com – “…But the holy of the holies – and it’s never enough to stress it – is what I call the Triple Win triad of the future: oil-yuan-gold. This is one of the prime outcomes of a strategy the BRICS have been discussing, behind closed doors, at their summits since the previous…
Source – silverdoctors.com – “…Since 1973, OPEC oil has been quoted and traded using to U.S. dollars, otherwise known as “petrodollars.” The “recycling” of petrodollars into U.S. Treasuries has been the life-blood of the U.S. economic and political system. In addition to reducing a major source of funding for the the U.S. Government’s enormous deficit…
Source -stuartjeannebramhall.com – “…The researchers also assumed basic income would solve a demand problem in the economy — i.e., a lack of people spending their money to buy things. “Fundamentally, the larger the size of the UBI, the larger the increase in aggregate demand and thus the larger the resulting economy is,” they wrote”: Basic…
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