Money is routinely defined by what it does, rather than what it is. That is unfortunate because its modern definition overlooks money’s important – but now forgotten – fourth function.
Aristotle observed that money is a medium of exchange, unit of account, and store of value. This definition omits the fourth function needed to explain money and currency in our modern economy.
Continue reading “The Forgotten Fourth Function of Money & G-SIBs – JamesTurk 12/20/22”
The FTX scandal has thrown the future of cryptocurrencies into doubt. Supporters of bitcoin, which has proved to be remarkably robust at a time when the whole cryptocurrency ecosystem is threatened by scandal and a systemic collapse, are still asserting that it is the future money.
This article addresses a number of issues that next year will make or break bitcoin’s claim over gold. Besides the interest of governments to prevent it having any monetary role, hodlers ignore the legal status of gold as money, and the different treatment likely to be accorded to bitcoin in criminal law. Furthermore, bulls of bitcoin are mainly only that: speculators hoping for a profit measured in their fiat currencies.
Continue reading “The Debate Between Gold and Bitcoin in 2023 – AlasdairMacleod 12/8/22”
A staggering number of Nigerians love Bitcoin, but hate government cryptocurrency (CBDCs).
In April, leading cryptocurrency exchange KuCoin noted that 35% of the adult population in Nigeria – roughly 34 million adults aged 18-60, own bitcoin or other cryptocurrencies. But when it came to the country’s Central Bank Digital Currency (CBDC), the eNaira, it was a massive failure.
Continue reading “Nigeria Limits ATM Withdrawals To $45 Per Day To Force Govt-Controlled Digital Payments – ZeroHedge 12/8/22”
It’s one of the greatest ironies of history that gold detractors refer to the metal as the barbarous relic, when in fact the abandonment of gold has put civilization as we know it at risk of extinction.
Continue reading “The Lost World of the Barbarous Relic – GeorgeF.Smith 12/3/22”
The Federal Reserve Bank of New York and major banks will launch a three-month test of a digital dollar in hopes of studying its feasibility.
The initiative was announced by the regional Federal Reserve bank and nearly a dozen financial institutions on Tuesday. A news release referred to the experiment as a “proof-of-concept project” in which the banks will work with the Fed’s New York Innovation Center to simulate digital money representing the deposits of their own customers and settle them through simulated Fed reserves on a distributed ledger….
At these times of growing confusion over the future of currencies’ purchasing power, it is time to remove all doubt in the definitions of the differences between money, currency, and credit. This article traces the history and legal background to these relationships.
Despite the failure of the Bretton Woods agreement in 1971 and the state propaganda that followed, the position is clear. Both historically and legally money is and remains metallic coin — principally gold — and the rest is credit.
Continue reading “Legal Definitions of Money and Credit – AlasdairMacleod 11/10/22”
Egon von Greyerz (EvG) stores gold for clients at the biggest private gold vault in the world buried deep in the Swiss Alps. EvG is a financial and precious metals expert. EvG is a former Swiss banker and an expert in risk. He says the risk in the global markets has never been this high.
Continue reading “$2.5 Quadrillion Disaster Waiting to Happen – USAWatchdog 11/1/22”
Artificially low interest rates blew up a big housing bubble. In a podcast, Peter Schiff explained that it is actually a bigger bubble than the one preceding the 2008 crash. But this time, it is combined with an overall bubble in the entire economy that dwarfs ’08. Peter said all of this has the makings of another massive financial crisis.
Continue reading “The Real Estate Bubble Is Losing Air and a Financial Crisis Is Coming – PeterSchiff 11/2/22”
The world loves dollars. Whenever there is a problem, people flock to the dollar as a safe haven. But the US has problems of its own. In a podcast, Peter Schiff said America’s problems will eventually catch up to the dollar and at that point, the greenback will crash.
Continue reading “When the Sucker’s Rally Ends, the Dollar Will Crash – PeterSchiff 10/24/22”
One can’t emphasize enough how dangerous the current macro setting is in the wake of a deliberately strong and illiquid Dollar.
Biden, of course, says not to worry. We say otherwise.
Continue reading “How an Illiquid Dollar Ruins the World – MatthewPiepenburg 10/19/22”
Important to understand is that there is not one single new or original idea in Klaus Schwab’s so-called Great Reset agenda for the world. Nor is his Fourth Industrial Revolution agenda his or his claim to having invented the notion of Stakeholder Capitalism a product of Schwab. Klaus Schwab is little more than a slick PR agent for a global technocratic agenda, a corporatist unity of corporate power with government, including the UN, an agenda whose origins go back to the beginning of the 1970s, and even earlier. The Davos Great reset is merely an updated blueprint for a global dystopian dictatorship under UN control that has been decades in development. The key actors were David Rockefeller and his protégé, Maurice Strong.
Continue reading “The Dark Origins of the Davos Great Reset – F.WilliamEngdahl – 10/22/22”
According to such Great Reset luminaries as Bill Gates, Prince Charles, Michael Bloomberg, Mark Carney and Klaus Schwab, humanity is expected to solve the dual threat of Covid and global warming in one revolutionary sweeping reform.
Continue reading “The Man who invented Climate Change and influenced Schwab’s Great Reset Agenda – TheExpose 10/23/22”
The Nobel Memorial Prize in Economic Sciences was awarded to former Federal Reserve Chair Ben Bernanke and two others for their research in the 1980s on banks and financial crises.
Bernanke served as chairman of the Fed between 2006-14 and famously unleashed a tidal wave of debt monetization by the central bank during the GFC over a decade ago to save the so-called ‘too big to fail’ banks. At the time, the Fed’s balance sheet was approaching $2.5 trillion. Multiple rounds of money printing later and a massive expansion during the Covid crisis, the balance sheet stands at around $9 trillion today.
Continue reading “Ben Bernanke And Two Others Win Nobel Prize In Economics For Crisis Research – ZeroHedge 10/10/22”
Last week, the Bank of England suddenly pivoted. It gave up its inflation fight to rescue its pension funds and bond market. What exactly happened? And what does it tell us about the Federal Reserve’s inflation fight? Peter Schiff explained it all on his podcast.
Continue reading “The Bank of England Rings the Mother of All Bells – PeterSchiff 10/4/22”
The student loan forgiveness program recently announced by President Joe Biden stirred up quite the political brouhaha. Progressives praised Biden for helping students burdened by overwhelming student loan debt. Conservatives decried it as an unfair giveaway. But as with most issues, the popular political debate misses the bigger picture.
Continue reading “The Student Loan Crisis: Economic Boom-Bust in a Microcosm – SchiffGold 9/27/22”
Despite privacy being one of the main concerns citizens have about central bank digital currencies (CBDCs), the heads of the United States (US) Federal Reserve and European Central Bank (ECB) have confirmed that their respective CBDCs will not be anonymous.
Continue reading “The Digital Dollar Will Not Be Anonymous, Federal Reserve Chair Jerome Powell Says – ReclaimTheNet 9/27/22”
A company with a name like Bank of America which employs a patriotic, US flag-themed corporate logo, might be expected to champion American values?
Instead, this financial giant uses its vast power to actively and overtly discriminate against white Americans. BofA just started a new generous mortgage program for black and Hispanic borrowers, announced proudly by NBC News: “Bank of America Announces Zero Down Payment, Zero Closing Cost Mortgages for Black and Hispanic First Time Homebuyers.”
Continue reading “Bank of America’s Anti-White Bigotry – SteveCortes 9/1/22”
[This is the text of a talk I gave at the “Three Days Against Techno-Sciences” gathering near Alessandria, Italy, on Saturday July 30, 2022. Many thanks to the organisers and fellow participants for the warm welcome and the stimulating exchanges. A post-recorded audio version can be found here.]
The so-called Great Reset is nothing but the extension and violent acceleration of a longstanding process.
Over the decades, I have often despaired at the general apathy of my fellow citizens in the face of the dark forces which I could clearly see – and feel – gathering.
Continue reading “A Developing Evil: The Malignant Historical Force Behind the Great Reset – Paul Cudenec 8/2/22”
Australia’s Reserve Bank is launching a pilot program over the course of the next year in collaboration with the Bank for International Settlements (the central bank of central banks) to test the “benefits” of a blockchain ledger based digital currency system. The central bank is added to a long list of participants in BIS efforts to introduce CBDCs (central bank digital currencies) with the target goal of launching them globally by 2025-2030.
Continue reading “Australia’s Central Bank Working With BIS To Launch Digital Currency System – ZeroHedge 8/9/22”
Currencies are the lifeblood of a nation’s trade and its economy. When a currency fails, the entire economy collapses.
Even so, most people rarely think about the health or buying power of the money in their pockets. They watch their bank balance, their brokerage or IRA balance and are aware of their home’s value. They see those numbers change, but they never reflect on the value of the currency itself.
Continue reading “Central Bank Digital Currencies Are the Ultimate Tool of Financial Oppression – BrandonSmith 7/6/22”
The idea that there is an agenda for global government among the financial and political elites of the world has long been called a “conspiracy theory” within the mainstream and the establishment media. And sadly, even when you can convince people to look at and accept the evidence that banking institutions and certain politicians work together for their own purposes, many folks will STILL not entertain the notion that the ultimate goal of these power mongers is one-world empire. They just can’t wrap their heads around such a thing.
Continue reading “What Is The “Council For Inclusive Capitalism?” It’s The New World Order – BrandonSmith 7/14/22”
Since the creation of the US Federal Reserve over a century ago, every major financial market collapse has been deliberately triggered for political motives by the central bank. The situation is no different today, as clearly the US Fed is acting with its interest rate weapon to crash what is the greatest speculative financial bubble in human history, a bubble it created. Global crash events always begin on the periphery, such as with the 1931 Austrian Creditanstalt or the Lehman Bros. failure in September 2008. The June 15 decision by the Fed to impose the largest single rate hike in almost 30 years as financial markets are already in a meltdown, now guarantees a global depression and worse.
Continue reading “Global Planned Financial Tsunami has Just Begun – F.WilliamEngdahl 6/21/22”
The unresolved conflict between Jefferson and Hamilton enables WEF hegemony.
Policies and practices designed to drive either individuals or Nation-States into debt have long been a preferred method for political coercion, cooptation, enslavement, incremental dominance and control. A form of subtle, creeping indentured servitude. Neither individuals, communities, businesses nor Nation-States can be free when they are indebted (financially or otherwise) to another. This subtle method of control of both Nation-States and their citizens has been consciously, intentionally, and strategically deployed by central banks for centuries. This is the method by which the World Economic Forum, itself a guild representing the interests of the largest corporations (and their controlling owners), seeks to transform itself into a fascist totalitarian world government.
Continue reading “Debt vs Autonomy – RobertW.MaloneMD 5/26/22”
Central bankers and bureaucrats are seizing on recent turmoil in cryptocurrency markets to push aggressively for central bank digital currencies (CBDCs).
They made their case to other global elites gathered in Davos on Monday for the World Economic Forum’s annual meeting.
Continue reading “Globalists Convene to Plan Central Bank Digital Currencies – Stefan Gleason 5/24/22”
1. Charles the Great Resetter
When the Great Reset was officially launched in 2O2O, it was not done so by Klaus Schwab or Bill Gates, but by Charles, Prince of Wales, heir apparent to the British throne.
Born in Buckingham Place in 1948, Charles is best known worldwide for his failed marriage to Lady Diana Spencer, who died in a road crash in Paris in 1997, a year after their divorce.
His official website announced on June 3 2020: “Today, through HRH’s Sustainable Markets Initiative and the World Economic Forum, The Prince of Wales launched a new global initiative, The Great Reset”.
Continue reading “Charles’ Empire: The Royal Reset Riddle – WinterOak 4/15/22”
Last month was the 89th anniversary of one of America’s biggest blunders on her descent from honest, sound money into weaponized political money: Executive Order 6102.
Signed on April 5, 1933, U.S. President Franklin Delano Roosevelt required all persons holding more than five ounces of gold to deliver their “gold coin, gold bullion, and gold certificates, now owned by them to a Federal Reserve Bank, branch or agency, or to any member bank of the Federal Reserve System.”
By outlawing the so-called “hoarding” of gold, Roosevelt intended to destroy gold as an everyday currency, transferring the purchasing power of gold to the U.S. government.
Continue reading “The War on Gold Ensures the Dollar’s Downfall – Matthew Cortez 5/12/22”
77 years ago Germany surrendered to allied forces finally ending the ravages of the Second World War.
Today, as the world celebrates the 77th anniversary of this victory, why not think very seriously about finally winning that war once and for all?
If you’re confused by this statement, then you might want to sit down and take a deep breath before reading on. Within the next 12 minutes, you will likely discover a disturbing fact which may frighten you a little bit: The allies never actually won World War II…
Now please don’t get me wrong. I am eternally thankful for the immortal souls who gave their lives to put down the fascist machine during those bleak years… but the fact is that a certain something wasn’t resolved on the 9th of May, 1945 which has a lot to do with the slow re-emergence of a new form of fascism during the second half of the 20th century and the renewed danger of a global dictatorship which the world faces again today.
Continue reading “For Victory Day: It’s Time to Think About Finally Winning WWII – Matthew Ehret 5/9/22”