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Bernanke, however incompetent he seems to be regarding even some basic economic theory, is correct when he says: We’re not printing money. The amount of currency in circulation is not changing. The money supply is not changing in any significant way. – Ben Bernanke, 60 Minutes Interview,...
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I just want to check if my understanding of the reserve requirement is accurate. When the Fed buys an asset from banks or government debt it creates however much money in the form of reserves. So the money supply should be potentially inflated by 10 times the Fed's purchase because of fractional...
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Here's a story I just wrote to help explain what the Fed's doing to wreck our economy. Please let me know if it helps. Normal 0 false false false MicrosoftInternetExplorer4 The Three Little Pigs and the Federal Reserve Crisis In their later years, they bought a yacht and sailed the seven seas...
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First of all, I would like to introduce myself. I am a computer programmer from the Netherlands. I am working on a theory of money and banking derived from the "Natural Economic Order" of Silvio Gesell. "Natural Economic Order" clearly states that the root the economic and monetary...
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Monetary Evolution: Where are we today? Commerce today is dominated by “electronic” transactions. A business that does not support the use of debit/credit cards will be extremely limiting its customer base and will likely not survive. The emergence of this form of money was the credit card...
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Ron, You are quite right about both Rothschild's quote and your statement that Britain does not have a 100% reserve system. Private banks played an extremely important role in financing nations and issuing their currencies in the 19th Century, and the Rothschild's among others profited greatly...
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According to the Fed Flow of Funds report, the Fed has absorbed about $40 billion per year of Treasury borrowings over the last five years. The $30 billion interest is actually a net loss to the Treasury, since they paid out about $35 billion in interest to the Fed (the difference is the cost of operating...
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Central banks perform a number of functions; basically they act as the government's own bank, holding the government checking accounts and collecting tax receipts, facilitating the issuance of bonds, etc. They are also frequently given regulatory functions, such as the enforcement of fractional reserves...
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I've long been convinced that the real threat Iraq and Iran pose is to the hegemony of the dollar. See: http://en.wikipedia.org/wiki/Iranian_Oil_Bourse Now read this, but skip all the 'whereas'es and read what it specifically calls for: http://www.govtrack.us/congress/billtext.xpd?bill=hc110...
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This is a new intiative by the FED: "These arrangements will now provide dollars in amounts of up to $30 billion and $6 billion to the ECB and the SNB respectively," the Fed said, extending the term of these swap lines through Sept. 30. Can someone elaborate on this for me? Will this make a...