The issue of slavery - Part 1 of 3
- Category: Libertarianism
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This may seem a strange topic to dwell about, but we have stated all along that this site is an experimental one and we are subject to:
a) Errors
b) Corrections
It is in this spirit that we welcome all comments and points of view. In a sense, it is trial by fire and this is good. Having said that, we must also point out that for as long as…
Lesson #160 - Central Banks - engines of the evil empire - Part 4
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HOW DO CENTRAL BANKS DO IT – CONT’D
Reserves
We have explained above that although Central Banks claim to have assets, in a fiat system, those assets are actually irrelevant. However, the power of the Central Bank resides in the fact that it and only it can create new money, or more precisely, it and only it can create new money and control the creation of new money.
As we have…
Lesson #159 - Central Banks - engines of the evil empire - Part 3
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HOW DO CENTRAL BANKS DO IT – CONT’D
The creation of money out of thin air
This is a fairly common expression that many people use, but we doubt that they fully understand its meaning. It is a metaphor. What we mean when se say create out of thin air, is that right now, there may not be any money in a Central Bank’s account and a few computer key…
Lesson #158 - Central Banks - engines of the evil empire - Part 2
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SHORT HISTORY OF CENTRAL BANKS AND CENTRAL BANKERS
True histories of central banks and central bankers are as colorful and diverse as countries we can count and then some. As this is not a historical site, we won’t bore you with the fine details. We will take the meta route. We will look at how Central Banks originated on average. This is all we need to move on with the…
A lesson for violent Australian students
- Category: Education
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The newspaper Daily Telegraph informed today that about the Australian New South Wales – Industrial Relations Commission’s (NSW-IRC) Teacher’s Code of Conduct.
THE PROBLEM
It would seem that Australian kids have become more violent over time and the NSW-IRC decided to do something about it. They published (and enforced) a new Teacher’s Code of Conduct that will solve all the problems, deliver peace and prosperity on earth and will finally uncover…
Lesson #157 - Central Banks - engines of the evil empire - Part 1
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Paraphrasing the famous movie The Matrix, most people are too inert to be disconnected from the system. However, for those of you who managed to peek behind the curtain and to ask questions slightly beyond the answer everybody else is satisfied with, you came to understand that governments are not only useless but deleterious to your economic and physical health.
We know that governments impose their will onto us by…
Lesson #156 - Fake money for a fake economy - Part 4
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FIAT MONEY IN FROZEN QUANTITIES
We have seen above that the quantity of money does not matter in either fiat or real money, if no new money is created.
This has led well intentioned people to propose a system where governments still issue fiat money, but only once. Theoretically speaking, it could work… however… and there is always a however… can you trust politicians to never, ever print under any…
The evil scourge of indsider trading
- Category: Regulations
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You may have heard this topic before. Such-and-such “regulator” (whatever that may mean) has launched an investigation to determine if Mr (insert your favourite name here) has been involved in so-called “insider trading”. Sometime you may hear that that this person will be placed on trial and sometimes even go to jail for his “crime”.
We have to ask: what crime?
INSIDER TRADING
What is insider trading? It occurs when…
Lesson #155 - Fake money for a fake economy - Part 3
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CURRENT FAKE PAPER MONEY (CURRENCY)
All our current money is fiat. There isn’t a single government anywhere in the planet that has not imposed paper fiat money. Some of them (a very few) still accept silver and gold coins as a method of payment, but they are a minority and do so only as exception.
Modern fiat money is not only fake, but it is based on a fake “fractional…
