Home » Posts tagged 'private banks'
Tag Archives: private banks
Markets Next “Minsky Moment”
Technically Speaking: The Markets Next “Minsky Moment” In this past weekend’s newsletter, I discussed the issue of the markets next “Minsky Moment.” Today, I want to expand on that analysis to discuss how the Fed’s drive to create “stability” eventually creates “instability.” In 2007, I was at a conference where Paul McCulley, who was with PIMCO at the time, discussed the idea […]
The Fed Relies Indirectly on the Banks & Cannot Stimulate the Economy Directly
The Fed Relies Indirectly on the Banks & Cannot Stimulate the Economy Directly QUESTION: Hello, Since the Fed ‘created’ ‘money’ after 2008 that was then deposited back at the Fed by the recipient banks ( say,75% of it), it is not easy to see why the Fed is to blame for the credit explosion since 2008- […]
Confronting the money-power elite
Confronting the money-power elite Those who control the creation and allocation of money are able to control every other aspect of society. Shouldn’t that be us? Credit: Flickr/Liz West. CC BY 2.0. The world today is controlled by a small elite group that has been increasingly concentrating power and wealth in their own hands. There […]
Oops, It’s Starting, Says This Chart from the FDIC
Oops, It’s Starting, Says This Chart from the FDIC And its eerie exhortations to the banks to prepare for a downturn to avoid “undue disruption to the financial system.” The FDIC’s quarterly report on commercial banks and savings institutions was cited in the media mostly for the $56 billion in profits that FDIC-insured commercial banks […]
The Old Songs
The Old Songs What if the fun and games of 2017 are over? The hidden message behind the sexual harassment freak show of recent weeks is that nothing else is sufficiently serious to occupy the nation’s attention. We’re living in the Year of Suspended Reality, stuck in the sideshow and missing the three-ring circus next […]
If We Don’t Change the Way Money Is Created and Distributed, We Change Nothing
If We Don’t Change the Way Money Is Created and Distributed, We Change Nothing The only real solution in my view is to create and distribute money at the base of the pyramid rather than to those in the top of the pyramid. Many well-intended people want to reform the status quo for all sorts […]
Who Owns the Federal Reserve Bank and Why is It Shrouded in Myths and Mysteries?
Who Owns the Federal Reserve Bank and Why is It Shrouded in Myths and Mysteries? “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” — Henry Ford “Give me control of a Nation’s […]
How Can We Do Better? The Alternative: Public Money Creation
How Can We Do Better? The Alternative: Public Money Creation A well-functioning monetary system is essential for a well-functioning economy and thereby, for the common good. The state is the agency responsible for the public interest. The responsibility for and control over the monetary system and money creation should therefore be placed with the state […]
The Next Financial Crisis Won’t be Like the Last One
The Next Financial Crisis Won’t be Like the Last One It seems increasingly likely the next Global Financial Meltdown will arise in the FX/currency markets. Central banks are like generals: they tend to fight the last war. The Great Financial meltdown of 2008 was centered in too big to fail, too big to jailtransnational banks and other […]
Fast-track Hands the Money Monopoly to Private Banks — Permanently
Fast-track Hands the Money Monopoly to Private Banks — Permanently It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. […]
