Executive Summary Bernies Sanders is one of the few politicians to have effectively questioned and challenged private banking interests. Introduction Opposes the lack of transparency of the Fed. This is shown in this video.
Executive Summary Alan Grayson is one of the few politicians to have effectively questioned and challenged private banking interests. Introduction Grayson displayed a level of grit and willingness to confront corrupt banking interests that make him a throwback to the tradition of earlier US politicians. Grayson stood out for his ability to pull back the…
Executive Summary Neoliberalism is an elite model of exploitive economics in line with the British School of Economics. Introduction Charles Linburgh was very much opposed to the creation of the Fed. This is expressed in the following quotation “The financial system has been turned over to the Federal Reserve Board. That Board administers the finance…
Executive Summary King George III was very important in US history. Introduction King George III used British banking interests to maintain control over America after losing the war. While the British admitted military defeat, they continued undermining the US and pushing them away from creating their own money. The British and European banking interests were…
Executive Summary King George II was very important in US history. Introduction The US Revolutionary war occurred under King George II. King George II made it illegal for the US colonies to issue colonial script.
Executive Summary Aurtiri performed a test that supported the social credit/seignorage/state credit theory of money. Introduction Aurtiri was a proponent of public central banks and a theory of money he called seigniorage, which looks at money from the perspective of law. Seignorage is very similar to George Friedrich Knapp’s theory of money as being whatever…
Executive Summary Knapp created the state credit theory of money. Introduction Proposed that money was whatever the ruler or government said money was. He considered money to be inseparable from the support of the state. Knapp’s theory of money is based upon social convention — not based upon the inherent value of the currency. This…
Executive Summary David Ricardo is best known for his theory on trade, however, he was also very active in analyzing and critiquing banking. Introduction Ricardo’s theory of comparative advantage that supposedly underlies trade is taught to all people that take a course in economics. However, Ricardo’s background and financial ties are virtually never discussed to…
Executive Summary Adam Smith is the best known economist of all time. However, he is also the most misrepresented. Introduction Smith proposed mercantilism and was part of the British School of Economics. When Adam Smith is introduced to readers, it is rare that what school of thought Smith belongs to. Smith’s book, The Wealth of…
Executive Summary Roubini is a well known economist and author of Black Swan. He had interesting things to say about bank nationalization. Introduction Roubini’s interpretation of the US banking system is expressed in the following quotation. “You have to eventually nationalize US banks, you have to take the problem by the horns. In my view…