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Editor's Сhoice

David Stockman on the Consequences of Abolishing the Gold Standard

December 6, 2021

The public debt now standards at $28.1 trillion and 127% of GDP and is rising at breakneck speed.

Mainstream Economists Are Struggling to Hide the Incoming Economic Collapse

December 6, 2021

Reality isn’t a mainstream media story. The U.S. economy isn’t the stock market.

Mainstream Economists Are Struggling to Hide the Incoming Economic Collapse

Editor's Сhoice

World

The Failure of US Democracy

October 28, 2016

I am now convinced that the Oligarchy that rules America intends to steal the presidential election. In the past, the oligarchs have not cared which candidate won as the oligarchs owned both. But they do not own Trump. Most likely you are unaware of what Trump is telling people as the media does not report it. A person who speaks like this…

Paul Craig Roberts

Can the US Federal Reserve System Be Trusted with Reserves?

March 18, 2016

According to some estimates, all the international reserves of all the countries of the world total approximately $10 trillion. The vast majority of all international reserves are held in the US…

Valentin Katasonov

Can the US Federal Reserve System Be Trusted with Reserves?

World

Alternative Economic Relations and the Death of Money

February 27, 2016

The central banks of the leading Western nations are flooding the global economy with money. This is most evident in the fact that after 2007-2009 financial crisis, the US Federal Reserve, the Bank of England, the European Central Bank (ECB), and other central banks began pursuing policies known as quantitative easing (QE). They began buying up debt securities (including many of low quality), pumping additional hundreds of billions of dollars, euros, pounds sterling and other currencies into circulation each year…

Valentin Katasonov

The Fantasy World of Central Bank Interest Rates Has Set the Stage for the Second Wave of the Global Financial Crisis

February 10, 2016

Starting from February, deposits made with the Bank of Japan began to accrue negative interest. The interest rate at the Central Bank of Japan now stands at minus 0.1%. This is no longer seen as shocking. The central banks in developed countries began backing into the negative zone for passive operations several years ago…

Valentin Katasonov

World

International Finance: Legacy of 2015

January 5, 2016

Despite their varied nature, when viewed as a whole, the mechanisms at work in 2015 in international finance were so significant that they could alter the entire architecture of the global financial system in 2016. And it is unlikely that there is along period of transition ahead. Chances are that the global financial transformation will happen quickly and dramatically…

Valentin Katasonov

«Gratuitous Democracy» or «Banking Concentration Camp»

June 2, 2015

The news I’m talking about was reported by media in May. Not a big thing at first glance, certainly not a thing to hit radar screen. But the devil is in the details. Some interesting events took place in Scandinavia. The Danish government proposed exempting certain shops from the obligation to accept cash payments in a move seen as pushing the country a step closer to a «cash-free» economy. Businesses such as clothing retailers, gas stations and restaurants will no longer be required to accept cash next year, the government of Denmark said on May 6. The move comes as part of a pre-election package of economic growth measures aimed at reducing costs and increasing productivity for businesses. Many stores in Sweden do not accept cash but only debit or credit cards. Now a buyer with full pockets of cash will leave a Swedish and Danish shop empty handed…

Valentin Katasonov

«Gratuitous Democracy» or «Banking Concentration Camp»

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