An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Good post for insight thanks, very scary similarities in the positions and actions of the US gubbament and our PRIVATE / GUBBAMENT/QUASI CENTRAL BANK. How come the inaugaration coverage didnt show Bernankster and Timmah? Having Jamie Dimon up on the platform would have made the cartel collection complete. Also check out the feed bag coverage of the dinners, and some a hole keeps annoying Clinton and Beonce's husband by asking for autographs no class.
The author seems shocked that speculators could borrow money from the central bank to bet against the currency. Today if I buy some 2 year calls on silver a computer borrows some money from the central bank and buys the silver and sells me a call and buys a put to protect itself. In effect I have borrowed money from the central bank to speculate that silver goes up. But what this really means is that I borrowed money from the central bank to speculate that the value of the dollar will go down.
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What a monster was Herr Schacht, nipping all those private currencies in the bud, just when the dawn of a libertarian paradise was surely at hand.
Good post for insight thanks, very scary similarities in the positions and actions of the US gubbament and our PRIVATE / GUBBAMENT/QUASI CENTRAL BANK. How come the inaugaration coverage didnt show Bernankster and Timmah? Having Jamie Dimon up on the platform would have made the cartel collection complete. Also check out the feed bag coverage of the dinners, and some a hole keeps annoying Clinton and Beonce's husband by asking for autographs no class.
I have a Hyperinflation FAQ that I would like feedback on if anyone has time.
http://howfiatdies.blogspot.com/2012/10/faq-for-hyperinflation-skeptics.html
The author seems shocked that speculators could borrow money from the central bank to bet against the currency. Today if I buy some 2 year calls on silver a computer borrows some money from the central bank and buys the silver and sells me a call and buys a put to protect itself. In effect I have borrowed money from the central bank to speculate that silver goes up. But what this really means is that I borrowed money from the central bank to speculate that the value of the dollar will go down.
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