Executive Summary Economists often talk about the importance of banking reserves. How much do regulators and central banks actually enforce rules around reserves? Introduction Reserves at banks are often referred to in order to try to make it sound like banks are not creating money with an accounting entry when in reality they are highly…
Executive Summary Private banking always sets up a rigged system where elites benefit from free government money. Private banking allows these special interests to charge the public for the sovereign right of governments. Introduction This lack of fairness in a system run by private banking interests is explained in the following quotation. “What hides behind…
Executive Summary Private banking is a primary driver of income inequality. As banking has become increasingly privatized, the US income inequality has soared. Introduction A major problem with the existence of private banks is that they are constantly ratcheting up their interest rates and other schemes which financialize the economy. Private banks politically lobby for…
Executive Summary Understanding the “rat’s maze” created by private banking interests is critical to understanding increased greed. Introduction This is explained in the following quotation. “Whipple explains the interest problem like this from the problem with usury. When a bank provides you with a $100,000 mortgage creates only the principal would you spend, and which…
Executive Summary It is little discussed that there was a planned coup against FDR. This is what has to be expected when leaders opposed private banking interests. Introduction FDR’s New Deal, Glass Steagall Act, and many more actions so enraged the private banking interests that they conspired to remove FDR. This is explained by the…
Executive Summary It is considered common knowledge that one wants a balanced federal budget and that deficits are bad. Balanced budgets are not a good thing for federal governments. Introduction Private banking interests propose that governments should run balanced budgets, and if they need money they should borrow that money from the private central bank…
Executive Summary This article covers a logical risk-free interest rate under the scenario where the government creates its own money. Introduction The explanation for a zero percent interest is found in the following quotation. “Under a state money system with flexible exchange rates, the monetary system is tax driven. The federal government, as issuer of…
Executive Summary The Federal Funds Rates is one of the primary levers the Federal Reserve uses to manipulate interest rates. Introduction This is explained by the following quotation “Whatever the intermediate targets of monetary policy may be, the Fed’s primary instrument for implementing policy is the federal funds rate. The fed funds rate is influenced…
Executive Summary Banks that serve a public service function exist in the US and Germany. These are the US credit unions and the German Sparkasse banks. About Credit Unions of the US Credit unions are local banks that were at one time set up as non-profits. They historically stuck to a narrow range of services…
Executive Summary Economists often talk about the importance of banking reserves. How much do regulators and central banks actually enforce rules around reserves? Introduction Reserves at banks are often referred to in order to try to make it sound like banks are not creating money with an accounting entry, when in reality they are highly…