Fifty years ago, on August 15, 1971, President Richard Nixon announced that the U.S. government would cease honoring its pledge to pay gold to redeem the dollars held by foreign central banks. Nixon declared he was taking “action necessary to defend the dollar against...
While the US has its problems, future global Chinese supremacy won’t be one. Far from being in a position of overwhelming strength, China and its Communist leadership face imminent multifront domestic crises that will threaten the existence not only of the Chinese...
Sixteen months ago, in March 2020, we argued for an end to government-imposed shutdowns of businesses, schools, churches, restaurants, and events due to the covid virus: The shutdown of the American economy by government decree should end. The lasting and far-reaching...
https://youtu.be/Esa0N156csY ... the privileged beneficiaries of inflation and depreciation are, largely, the central banks themselves and their stockholders, as well as merchants who borrow from these banks, and exporters who benefit by the depreciation of foreign...
https://youtu.be/J3IowKaUhSk ... if the bulk of the public were really convinced of the illegitimacy of the State, if it were convinced that the State is nothing more nor less than a bandit gang writ large, then the State would soon collapse to take on no more status...
“I don’t think there has been a greater engine of inequality than the Federal Reserve Bank of the United States”. Stan Druckenmiller "Americans should increasingly question the role of the Fed and its impact on society. It’s not normal, nor should it be, that the...
As Americans warily eye new data showing both consumer and producer price inflation heating up beyond expectations, few of them realize the Federal Reserve has an explicit goal to relentlessly degrade the purchasing power of their savings. The Fed weakens the...
https://youtu.be/Yg-h_KrXEZQ ... the Federal Reserve and other central banking systems act as giant government creators and enforcers of a banking cartel; the Fed bails out the banks in trouble, and it centralizes and coordinates the banking system ... Murray...
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