Anybody’s Son Will Do
How US marines are trained. part 1 of 6 Federal Reserve secrecy will conceal incompetence and corruption
I have been discussing with Prof. David Andolfatto (a VP at the St. Louis Fed) the “idiocy” of a few accusations recently made by Ron Paul and the risks of transparency, however for some reason I am unable to post my latest response to this site. I won’t accuse him of blocking my IP (maybe there is a glitch with blogspot) but let it be known I could very easily use a different connection or a proxy to get around such a pathetic attempt at censorship. Instead I will just post it here, you should read the entire discussion on his site for this to make sense. Update: David has confirmed he did not attempt to block my IP, I have been able to submit comments to his blog since this post. I look forward to his follow up post on this topic. Let Him Off the Hook
Follow up from the guy who brought us The Bailout Rap. Money as Debt 2 Promises Unleashed
A followup to the original. Part 1 of 8 A hidden plan to create world government?
In light of Russia’s new global currency plan (my view), claims it validates the old “world government” conspiracy abound. Did Norman Dodd uncover a great conspiracy to create world government many decades ago? Watch this almost 30 year old interview and decide for yourself. Richard Feynman explains everything
Here are some great short clips of Feynman explaining all sorts of things you were probably never taught (properly) in school. What keeps a train on the track Niall Ferguson – The Ascent of Money
Niall is a Professor of History at Harvard, he has a written a book about the history of money. What follows is a PBS documentary of his book. Part 1 We already have hyperinflation… in the shadow banking system
We have two banking systems, the official banking system and the shadow banking system. The official banking system runs on dollars, the shadow banking system runs on collateralized debt and other derivatives that trade as if they were dollars, I will call those derivatives shadow bucks. The reason dollars increased in value (which many people, myself included, didn’t expect) is due to what I call a “hyperinflation” of shadow bucks. The value of shadow bucks collapsed (as the housing and credit bubbles burst) causing prices measured in shadow bucks to soar. As any intelligent Zimbabwean with Zimbabwe dollars has already demonstrated, when the value of your money collapses you find alternate forms of money. Zimbabweans fled to US dollars, so did the holders of shadow bucks. The effect may not have been that significant if it weren’t for the size of this market — I didn’t appreciate the extent to which the shadow banking system dwarfs the official banking system. The buying pressure from economic refugees overwhelmed any other consideration. |
Highest Rated
|
