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Fraud. Why the Great Recession?
Watch this crowdfunded documentary produced by Austrian school economist Jesus Huerta de Soto, author of "Money, Bank Credit, and Economic Cycles," on what caused the Great Recession. Click to watch it free online.
Tag Archives: banking crisis
The Declining Relevance of Fractional Reserve Banks
Here is a fascinating article on Wired about the declining influence and relevance of fractional reserve commercial banks on the lives of individuals. It argues that banks will one day look more like Google, Facebook, or Apple. Interesting about this … Continue reading
Posted in Chris Becker
Tagged banking crisis, central bank, fractional reserve banking, gold, inflation
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The problem when fractional banks still work
Since the financial crisis in 2008/09 the Federal Reserve has printed trillions of dollars and purchased assets with them, mostly US government bonds and mortgage-backed securities. This has caused the assets on the Fed’s balance sheet to swell by around … Continue reading
How to Fix Greece in 7 steps
My article is posted over at Mises.co.za. I argue that Greece needs to: Abolish legal tender law Liquidate state assets for gold Back fractional bank deposits with the proceeds End all state services Repudiate the national debt Deregulate arms and private … Continue reading
Leon Louw Is Right…In A Sound Money World cont.
In response to my article “Leon Louw Is Right…In A Sound Money World“, Katy asks the following: I am fairly new to the field of rigorous economics, so please assist me if you may. You said, “So while we might … Continue reading
Nigel Farage Interview on King World News
I think this is a solid interview by Nigel Farage, leader of the UK Independence Party (UKIP). Farage defected from the Tories back in 1992/93 when John Major signed the Maastricht Treaty, forming the UKIP as a staunchly anti-European Union … Continue reading
Pull the lense back
So there’s a lot going on right now. Europe crashing. China slowing. South African government failing. GFC in full swing just about everywhere you look. Inflation. Deflation. Markets up. Markets down. It’s all very confusing and noisy. So I’ve given … Continue reading
The ECB is surely going to print money?
This + This + This = Rising likelihood of serious money printing by the European Central Bank.
Posted in Uncategorized
Tagged banking crisis, central bank, fractional reserve banking
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A good take on Brown’s Bottom
Why did Gordon Brown sell so much of the UK’s gold at firesale prices? Were the gold sales really part of an elaborate bank rescue act? Thomas Pascoe at The Telegraph thinks so. Revealed: why Gordon Brown sold Britain’s gold at a … Continue reading
Modern Banking’s Fatal Flaw
My article recently added on mises.co.za and featured in the Mail and Guardian.
Posted in Uncategorized
Tagged banking crisis, central bank, fractional reserve banking
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Customers stash cash and gold in Swiss safes
From Reuters: Catherine Bosley Zurich Investors trying to protect their wealth from global economic uncertainty have been stashing bank notes, gold bars and other valuables in Swiss banks, fuelling demand for safe deposit boxes. The euro zone debt crisis and … Continue reading