Category Archives: Banksters & Economy

FractionalReserveBanking

Fractional Reserve Banking: Creating Money Out of Thin Air

Savings and lending Before we discuss fractional reserve banking, it is important to understand the essence of savings and lending. The first myth to dispel is that money is wealth. Money…

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IMF – Destroying National Currencies

Since the onslaught of the debt crisis in the early 1980s, the IMF has played a central role in exchange rate policy often requiring indebted Third World countries to devalue…

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Special Drawing Rights (SDRs) – Establishment of a New World Currency

Are you ready for a world currency?  If the United Nations has anything to say about it, that is exactly what we are all going to have shoved down our…

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Stagflation and the 1970s Oil Crisis

In economics, stagflation is a situation in which the inflation rate is high and the economic growth rate slows down and unemployment remains steadily high. It raises a dilemma for economic policy since actions designed to…

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Goldman Sachs Shorted Greek Debt After It Arranged Those Shady Swaps

Goldman Sachs arranged swaps that effectively allowed Greece to borrow 1 billion Euros without adding to its official public debt. While it arranged the swaps, Goldman also sought to buy…