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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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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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There are two answers to this question. 1) The Federal Reserve purchases U.S. government bonds and holds them. The total holdings currently are over $700 billion, so over the entire almost century of the Fed's existence, it has advanced $700 billion to the U.S. government. There is a complication...
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I have thus far found the Mystery of Banking to be an amazing book on the dynamics of the money system. But Rothbard's description of the fractional reserve system does not jive with what I have been taught and this definition becomes essential later on when he explains why fractional reserve banking...
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There is a large case against the Fed, it's excess credit creation has led to bubbles, they burst, which lead us to painful times. My question is this the same case for Britain and the Bank of England? Our property bubble has been massive and has started to pop, I'm not actually sure if it's...