Tag Archives: Fake money

You Can Blame Big Tech Censorship on The Deep State Money Manipulators, by Charles Goyette

Much of Big Tech’s financial power comes from America’s fake money regime. From Charles Goyette at lewrockwell.com:

Forget the great teeming horde of anti-trust lawyers.  That is a beast better starved than fed.  And for the love of progress and prosperity, please, oh please, do not turn to federal regulators and their plague of unintended consequences.  In fact, the problem with the big internet censors, de-platformers, information monopolists, and enemies of free speech is much bigger than Section 230.

The power Facebook, Amazon, Twitter, Google, and Apple (FATGA) have amassed to shut down political speech and conceal the corruption of their political darlings can be traced directly to the Deep State Money Manipulators.

That is the name my co-author Bill Haynes and I have given to the Federal Reserve in our new book The Last Gold Rush… Ever!  It is a deep dive into the decay of the dollar standard and the convergence of accelerants that are about to inflict unimagined financial pain on the lives of the American people.

As we explain, The Deep State Money Manipulators have been hiding in plain site for over a hundred years. During that time, they have been serial bubble blowers, inflating the dot-com and housing bubbles. They have quietly overseen the destruction of the dollar’s purchasing power. They have pumped unimaginable wealth to crony banks and played an essential part in America’s growing income inequality. Their interest rate manipulations have encouraged the formation of debt and discouraged capital formation, which is the engine of growth.

Continue reading→

In War, Revenge Will Always Lead to Destruction, by Bill Bonner

War never builds, it only destroys, notwithstanding the claims of its many proponents. From Bill Bonner at bonnerandpartners.com:

BALTIMORE, MARYLAND – Iran seems to have taken the bait. It couldn’t resist having its revenge on the avenger.

But what’s this…? Is that giggling noise coming from the graveyard…?

Today we return to our study of the two disastrous, society-destroying mistakes of the 21st century. (Catch up on the first here and the second here.)

We remind Dear Readers that what is at stake is not just losing wars… or losing money… or a crash in the stock and bond markets… or a depression…

…we’re talking about a hellish collapse of American society itself…

Two Colossal Mistakes

In 2001, George W. Bush put the empire in a state of perpetual war. That was Mistake No. 1.

In 2008, Ben Bernanke et al. began a policy of perpetual fake-money inflation. That was Mistake No. 2.

And how the dead generations must have laughed!

Would stocks go up? What industry would new technology disrupt? Who would win the next election? They didn’t know any more than we did.

But when nations sought revenge on one another? When empires launched forever wars? When people spent money they didn’t have… and printed up pieces of paper to cover their deficits?

These were their favorite songs. The dead knew every verse. And chuckle every time.

Continue reading

Are You Prepared for the End of Fake Money? by MN Gordon

Fake money, fiat debt instruments, are responsible for many of the world’s economic ills, including persistently unbalanced trade relationships. From MN Gordon at acting-man.com:

What Is Money?

Today we begin with a fundamental question: What is money?  This, no doubt, is an important question.  And we ask it with clear intent and purpose.  Namely, we want to better understand how it’s possible for America to rack up such a massive trade deficit with China.


China-US imports and exports of goods. It has to be stressed that the most often cited figure is the trade deficit in goods, which is the “scariest” figure. The US surplus in services with China has grown rapidly in recent years. It was $33 billion in 2015, doubling from $16.5 billion just four years earlier. By 2017 it had grown to $38.5 billion. The idea that a trade deficit is somehow “bad” is highly dubious. “Countries” do not trade with each other anyway – individuals and companies do, and they obviously do so because they deem it advantageous for both sides. Moreover, these aggregate statistics obscure more than they reveal. The global supply chain is extremely complex – a single $3 t-shirt “Made in China” will contribute to the incomes of people in some 15 to 20 countries before a consumer in the US plucks it off a shelf at Wal-Mart. If we were to talk incessantly about the US capital account surplus – which offsets the trade deficit – would anyone complain? [PT]

America’s trade deficit with China, in 2017 alone, was $375 billion.  That’s a gap of over $31 billion a month – or $1 billion a day.  We believe having a better grasp on what money is will bring clarity to the nasty trade deficit that’s motivating today’s burgeoning trade war.

With respect to our initial inquiry we turn to Victorian economist William Stanley Jevons for edification.  In his 1875 work, Money and the Mechanism of Exchange, Jevons stated that money has four functions.  It’s a medium of exchange, a common measure of value, a standard of value, and a store of value.

Many deficiencies with today’s renditions of money, including the dollar, appear when applying these functions to the present system of floating exchange rates.  With the exception of functioning as a medium of exchange, the dollar, like all of today’s debt based fiat currencies, comes up short in its function as a common measure of value, a standard of value, and a store of value.

To continue reading: Are You Prepared for the End of Fake Money?