Central banking, Economics, Inflation, Monetary reform, Policy

The biggest scam in history of mankind

“The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.” – Lord Acton

Well over a century ago, Lord Acton had understood the problem that’s been well obscured from students of economics, history and politics over the more recent generations. The role of money in our society is not sufficiently well understood today. Its importance was underscored by Thomas Paine when he said that, “Money, when considered as the fruit of many years’ industry, as the reward of labor, sweat and toil, as the widow’s dowry and children’s portion, and as the means of procuring the necessaries and alleviating the afflictions of life, and making old age a scene of rest, has something in it sacred that is not to be sported with, or trusted to the airy bubble of paper currency.Continue reading

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Central banking, Economics, Inflation, Market research, Monetary reform, Policy

We’re heading for stagflation!

Last week we learned that U.S. federal debt passed the $19.5 trillion, adding $1.36 trillion during this fiscal year. Just last month, it added $151.5 billion. By now we have all gone a bit tone-deaf with all the billions and trillions tossed about in the news, so let’s put this into a bit of perspective. In August, the U.S. government added $475 per man, woman and child, or $1,206 per household living in the U.S. We are talking one month’s time here! The annual clip is $5,700 per man woman and child!! This is very far from sustainable, but it’s quite a bit worse actually. Continue reading

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Asset management, Central banking, Economics, Market research, Policy, Politics, Stock market, Uncategorized

Investing in the age of unprecedented monetary experiments

Since the 2008 financial crisis, world’s largest central banks have unleashed a program of monetary stimulus that dwarfs anything we’ve experienced in history. With no historical precedents, how should investors navigate the risks and events that will likely exert extreme stress upon political, economic and social fabric of nations across the world. Altana Wealth’s founder Lee Robinon offers some unorthodox insights in a 45 minute interview with Real Vision TV with Grant Williams. You may not hear similar thinking from academics or CNBC-vetted pundits. Lee has the remarkable capacity to keep a mind-bogglingly detailed mental map of what’s going on in the world of business, finance and politics within a clear historical perspective and isn’t shy about laying it out as he sees it. The video is below: Continue reading

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Central banking, Economics, Monetary reform, Policy, Social development, Uncategorized

Central banks – what are they good for?

In 1912, the United States had no central bank and no personal income tax. It nevertheless managed to generate a $3 million fiscal surplus. Today, after a century of Federal Reserve’s management of the nation’s currency, the country is mired in unpayable debts, unending overseas military adventures and massive fiscal (and trade) deficits. Here’s a comparison, courtesy of Jim Quinn (the Burning Platform blog): Continue reading

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