What’s so dishonest about our money system?

Let me count the ways: Banks create Credit from thin air and dare to ‘sell’ it for ‘interest’, when they could provide an honest service. Governments borrow and pay interest and dare to charge us taxes, when they could issue interest-free Cash into the economy. “Credit” created by banks (and other financial institutions) from thin [...]

Unit of Real Value: the Yardstick with which to stabilise price inflation

This is an interesting story about Brazil, vouched to be correct by a commentator who lived in Brazil at the time. The “Unit of Real Value” acts as an extra and REAL measure and thus provides a real and stable yardstick in a sea that wobbles with ‘credit money‘ and ‘interest money’ – unrelated to [...]

Quantitative Easing: the BoE explains and I comment

Quantitative easing explained the American way on a 6-minute video. First, I contributed to quantitave easing on Wikipedia. Now, Ask the Deputy Governor offers the following 16 questions addressed to the Bank of England with their answers. Aware of the Bank of England Act 1694, I comment not as an economist, but from the perspective [...]

The Fed plans monetary inflation

This article is excellent as it makes the distinction between price inflation and monetary inflation. And it reveals the true colours and intentions of the Fed. I found it on this premier political community blog saying that apparently the Bank of England is taking its cue from the Fed. What else is new?…