It appears that the massive, almost decade-long transfer of wealth to the rich known as ‘quantitative easing’ is coming to an end. Of the world’s four major central banks – the US Federal Reserve, the Bank of England, the European Central Bank and the Bank of Japan – two have already ended their policy of buying up financial assets (the[Read More...]
Illinois is teetering on bankruptcy and other states are not far behind, largely due to unfunded pension liabilities; but there are solutions. The Federal Reserve could do a round of “QE for Munis.” Or the state could turn its sizable pension fund into a self-sustaining public bank. Illinois is insolvent, unable to pay its bills. […]
Japan has found a way to write off nearly half its national debt without creating inflation. We could do that too. Let’s face it. There is no way the US government is ever going to pay back a $20 trillion federal debt. The taxpayers will just continue to pay interest on it, year after year. […]
(ZHE) While in recent weeks there has been a material increase in Fed balance sheet normalization chatter, according to a new report from Deutsche Bank analysts, it may all be for nothing for one simple reason: should the US encounter a recession in the next several years, the most likely reaction by the Fed would be another $1 trillion in QE (see: bailout), delaying indefinitel
So many people sent me versions of this story that it is definitely one of those things that's been "in the aether" this past…
The post THINGS THAT MAKE YOU GO “HMMMM…”: NASA AND THAT TEN ... appeared first on Giza Death Star.
It has been called “a bigger risk than Brexit”– the Italian banking crisis that could take down the eurozone. Handwringing officials say “there is no free lunch” and “no magic bullet.” But UK Prof. Richard Werner says the magic bullet is just being ignored. On December 4, 2016, Italian voters rejected a referendum to amend […]
Bernie Sanders supporters are flocking to Jill Stein, the presumptive Green Party presidential candidate, with donations to her campaign exploding nearly 1000% after he endorsed Hillary Clinton. Stein salutes Sanders for the progressive populist movement he began and says it is up to her to carry the baton. Can she do it? Critics say her radical […]
4.9/5 (10) Now, unless you're Jean-Claude Juncker and have been commiserating with extra-terrestrials over the BREXIT vote in a Luxembourg pub over shared martinis, you'll have noticed something else is taking place in Europe, and that…
The post THE AFTERMATH OF BREXIT: GERMANY WANTS TO MOVE THE EU BANKING ... appeared first on Giza Death Star.
“Print the money” has been called crazy talk, but it may be the only sane solution to a $19 trillion federal debt that has doubled in the last 10 years. The solution of Abraham Lincoln and the American colonists can still work today. “Reckless,” “alarming,” “disastrous,” “swashbuckling,” “playing with fire,” “crazy talk,” “lost in a […]
Les Éconoclastes donnaient mardi 15 mars leur deuxième conférence à Paris, ambiance explosive dans les locaux de l’école de commerce ISEG à Paris. Le collectif des Éconoclastes donnait sa deuxième conférence dans la capitale. Il réunit des acteurs du monde économique venant d’horizons très divers. Une chose les rassemble : le désir de faire partager une vision différente.
