Whether the U.S. should have its own central bank digital currency (CBDC) is hotly debated. Several countries, including China, already have CBDCs in operation; but the U.S. Federal Reserve is proceeding with caution. Prof. Saule Omarova, President Biden’s nominee for Comptroller of the Currency, is in favor of a CBDC and has made a strong […]
The “invisible hand” gives rise to a situation where it becomes natural and normal to conclude that no one knows how things work or what to expect. It renders the future unpredictable and unmanageable. Uncertainty and unpredictability become the norm because the economy as a whole is not under conscious human control. Different sectors and […]
The post Mainstream Economists Reject Economic Science first appeared on Dissident Voice.
Stansberry Research | Will central banks steer the US and global economy through the coming financial apocalypse, or will they use it to reconsolidate their own wealth and power?
In October 2019, in a speech at an International Monetary Fund conference, former Bank of England governor Mervyn King warned that the world was sleepwalking towards a fresh economic and financial crisis that would have devastating consequences for what he called the “democratic market system”. According to King, the global economy was stuck in a […]
The post The Fear Pandemic and the Crisis of Capitalism first appeared on Dissident Voice.
American Institute for Economic Research, August 13, 2021 Nixon’s Gold Treachery Made Me a Cynic James Bovard 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 […]
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Biden’s Rescue Act Targets Americans’ Freedoms by James Bovard Since the 1800s, surly Americans have derided politicians for spending tax dollars “like drunken sailors.” Until recently, that was considered a grave character fault. But Joe Biden’s American Rescue Plan Act shows that inebriated spending is now the path to national salvation. It was a common […]
The “Honest History” Fraud James Bovard – July 20, 2021 American Federation of Teachers President Randi Weingarten recently proclaimed that her union members have a right to teach “honest history” in government classrooms. But putting politicians, bureaucrats, and union zealots in charge of a curriculum is the worst recipe for candor. Rather than truth, the […]
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At base, the markets are a con game where the rich and powerful employ a raft of confidence men to lure suckers into the latest mania. In this game, the suckers are the general public who are left holding the bag as the market bubble bursts while the smart money swoops in to buy up …
Shortly after it was widely publicised that Black Lives Matter co-founder Patrisse Cullors had acquired a larger property portfolio than that of her fellow “socialist” Bernie Sanders, she was interviewed by Mark Lamont (from the River to the Sea) Hill wherein she was fielded a number of softball questions, but nothing that could embarrass her. […]
To conceal the economic and social decline that continues to unfold at home and abroad, major newspapers are working overtime to promote happy economic news. Many headlines are irrational and out of touch. They make no sense. Desperation to convince everyone that all is well or all will soon be great is very high. The […]
The post Economic Collapse Continues Uninterrupted first appeared on Dissident Voice.
