Home » Posts tagged 'bank credit'

Tag Archives: bank credit

Olduvai
Click on image to purchase

Content

Olduvai III: Catacylsm
Click on image to purchase

Post categories

Post Archives by Category

The looming derivative crisis

April 18, 2020

The looming derivative crisis  The powerful forces of bank credit contraction are at the heart of a rapidly evolving financial crisis in global derivatives, whose gross value is over $600 trillion; an unimaginable sum. Central banks are on course to destroy their currencies through unlimited monetary expansion, lethal for bullion banks with fractionally reserved unallocated […]

Continue Reading →

Deflation Must Be Embraced

November 27, 2017

DEFLATION MUST BE EMBRACED There are two problems with understanding deflation: it is ill defined, and it has a bad name. This article puts deflation into its proper context. This is an important topic for advocates of gold as money, who will be aware that sound money, in theory, leads to lower prices over time […]

Continue Reading →

The Forthcoming Global Crisis

September 26, 2017

THE FORTHCOMING GLOBAL CRISIS The global economy is now in an expansionary phase, with bank credit being increasingly available for non-financial borrowers. This is always the prelude to the crisis phase of the credit cycle. Most national economies are directly boosted by China, the important exception being America. This is confirmed by dollar weakness, which […]

Continue Reading →

Western Mistakes, Remade in China

April 6, 2016

Western Mistakes, Remade in China SHANGHAI – The Chinese economy faces an enormously challenging transition. To achieve its goal of joining the world’s high-income countries, the government has rightly urged a “decisive role for the market.” But, while market competition works well in many sectors, banking is different. Indeed, over the last seven years, China’s […]

Continue Reading →

Equity markets and credit contraction

September 13, 2015

Equity markets and credit contraction There is one class of money that is constantly being created and destroyed, and that is bank credit. Bank credit is created when a bank lends money to a customer; it becomes money because the customer draws down this credit to deposit in other bank accounts and to pay creditors. […]

Continue Reading →

Olduvai IV: Courage
Click on image to read excerpts

Olduvai II: Exodus
Click on image to purchase

Click on image to purchase @ FriesenPress