The world’s new monetary system, underpinned by a digital currency, will be backed by a basket of new foreign currencies and natural resources. And it will liberate the Global South from both western debt and IMF-induced austerity. By Pepe Escobar April 14 2022 Leading Russian economist Sergey Glazyev says a complete overhaul of the western-dominated …[continue reading]
Following the controversial bank bailouts and Troubled Asset Relief Program (TARP) in 2008, reports show in late 2019 and 2020, the U.S. Federal Reserve participated in providing trillions of dollars in secret repo loans to megabanks. At the end of March, investigative journalists, Pam and Russ Martens from Wall Street on Parade, uncovered $3.84 trillion …[continue reading]
I reported on the Private Blog that I had a copy of the legislation and I was told it would be introduced today – Monday 28th. That info was correct. Well, here it is!. Reps. Stephen Lynch (D-Mass.), Jesús Chuy Garcia (D-Ill.), Ayanna Pressley (D-Mass.), and Rashida Tlaib (D-Mich.), all Democrats, have introduced the “Electronic …[continue reading]
What Banks, Governments and federal Law Firms Hope You Never Discover Mortgage Fraud Scam Exposed EMBED A VIDEO (Optional):
How decentralized finance will transform business financial services – especially for SMEs For smaller businesses in developing markets, decentralized finance offers a more suitable system than traditional banking Decentralized finance (DeFi) is emerging as a tool for smaller businesses in developing markets, particularly for remittances and small loans; The transaction banking industry is beginning to …[continue reading]
According to Richard Werner, banks do not make loans and they don’t take deposits. During what we think is a loan process, the customer issues a promissory note (IOU) and the bank buys it from the customer. But the bank does not actually give the customer money. To see what is happening, we must switch …[continue reading]
Mortgages aren’t the only financial instruments that get turned into securities. Paddy Hirsch explains how companies make money by buying credit card debt and bundling it. EMBED A VIDEO (Optional):
Catherine Austin Fitts The Highwire with Del Bigtree EMBED A VIDEO (Optional):
The Central Banking Scam by Patrick Macfarlane | Jun 21, 2021 Oddly enough, the one question that finally brought me to anarchy was: “where does money come from?” It was perplexing to me that the answer to such a simple question could be so simple, yet so complex—and, moreover, absurd. So? Where does money come …[continue reading]
It’s all coming to a disastrous end and the world faces a very dark future Alasdair Macleod: Yesterday, the FOMC [Federal Open Market Committee] released its June statement which only served to remind us that its members are powerless in the face of inflationary conditions. They refuse to accept the price consequences of monetary inflation, …[continue reading]
