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Tag Archives: money
The War on Cash: Transparently Totalitarian
The War on Cash: Transparently Totalitarian George Orwell once wrote “If you want a picture of the future, imagine a boot stamping on a human face—forever.” Not exactly a cheery thought, and one I don’t agree with. While the forces pushing for centralization of power have been prevailing for decades, they haven’t won a total victory […]
Think Different About Purchasing Power
Think Different About Purchasing Power The Tip of the Iceberg The dollar is always losing value. To measure the decline, people turn to the Consumer Price Index (CPI), or various alternative measures such as Shadow Stats or Billion Prices Project. They measure a basket of goods, and we can see how it changes every year. However, companies are […]
Prove You’re Not a Terrorist
Prove You’re Not a Terrorist Recently, France decided to crack down on those people who make cash payments and withdrawals and who hold small bank accounts. The reason given was, not surprisingly, to “fight terrorism,” the handy catchall justification for any new restriction governments wish to impose on their citizens. French Finance Minister Michel Sapin stated at the time, […]
Change They Don’t Believe In
Change They Don’t Believe In The unfortunate consequence of not allowing the process of “creative destruction” to occur in banking and Big Business is that the historic forces behind it will seek expression elsewhere in the realm of politics and governance. The desperate antics of central banks to cover up financial failure can’t help […]
Money for Nothin’ and your Chicks for Free – and your Houses too!
Money for Nothin’ and your Chicks for Free – and your Houses too! Nothing Against the Old We would like to preface today’s Diary with a clarification: We don’t have anything against old people. We don’t have anything against high GDP growth rates either. But the two don’t go together. Some of this opinion comes from looking […]
Another Shill for Statism and Central Planning Demands a Cash Ban
Another Shill for Statism and Central Planning Demands a Cash Ban Citigroup’s Chief Economist Joins the Cash Ban Bandwagon We have discussed the views of Citigroup’s chief economist Willem Buiter previously in these pages (see “A Dose of Buiternomics” for details), on occasion of his coming out as a supporter of assorted monetary cranks, such […]
We need a map out of the nightmare of consumerism
We need a map out of the nightmare of consumerism One of the most harrowing challenges of modern American life is navigating through the massive desert of our mindless, materialistic consumerism. It is within this landscape that a soul can become lost and drenched in despair. From the endless stream of vacant-eyed wraiths who glide down […]
‘It’s our money’ podcast: be educated on monetary/credit reform or continue looting by oligarchs
‘It’s our money’ podcast: be educated on monetary/credit reform or continue looting by oligarchs Human beings are looted by asset-hole oligarchs literally by the trillions every year. These lying sacks of spin are the .01% banksters, and “leaders” of government and corporate media. Human beings will either continue being looted and lied-to, or earn voices for justice from basic education that […]
Keep Pushing Until Something Really BIG Breaks?
Keep Pushing Until Something Really BIG Breaks? The minutes of the FOMC’s March meeting make clear just how hard it is for the Fed to even think about the possibility of unwinding what they’ve wrought. After six-plus years of interest-rate repression, absurdity has become the established norm. Now they can’t even figure out how to get out of it […]
Today’s Money Regimes Are Doomed To Failure
Today’s Money Regimes Are Doomed To Failure Centrally issued money centralizes wealth and generates systemic inequality. A Thought Experiment on Money Let’s imagine a small mountain kingdom with only ten very scarce and thus highly valued seashells in circulation. These few shells are certainly valuable in terms of scarcity, but there aren’t enough of them […]
Warren Buffett is Everything That’s Wrong With America
Warren Buffett is Everything That’s Wrong With America I think I’ve never understood the American – and international – fascination with money, with gathering wealth as the no. 1 priority in one’s life. What looks even stranger to me is the idolization of people who have a lot of money. Like these people are per […]
Islamic State is the cancer of modern capitalism
Islamic State is the cancer of modern capitalism Debate about the origins of the Islamic State (IS) has largely oscillated between two extreme perspectives. One blames the West. IS is nothing more than a predictable reaction to the occupation of Iraq, yet another result of Western foreign policy blowback. The other attributes IS’s emergence purely […]
It’s Just a Question of Whose Capital Will Be Destroyed
It’s Just a Question of Whose Capital Will Be Destroyed The amount of money investors have plowed into startups has reached record highs. In 2014, investors of all kinds, from angels and VCs to big asset managers, invested $48.35 billion in startups, “only” the third highest year on record, but the highest since the crazy […]
How money creation threatens hyperinflation
How money creation threatens hyperinflation In order to understand the relationship between money creation and the price level, we first need to get some definitions straight. To Austrians the terms inflation and deflation refer to money and not prices. There is no doubt that money has experienced unprecedented inflation. In February of 2010 base money […]
Santelli Stunned As Janet Yellen Admits “Cash Is Not A Store Of Value”
Santelli Stunned As Janet Yellen Admits “Cash Is Not A Store Of Value” Intended warning or unintended slip? After Alan Greenspan’s confessional admission that “Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it,” we found it remarkable that during the Q&A after her speech […]
