Executive Summary Investment banks have become so powerful that they are not engaging in disruptive commodity speculation that undermines industry. Introduction The following quotation describes market manipulation. “An executive for MillerCoors testified that manipulation of the aluminum market cost manufacturers over $3B. The World Bank estimated that in 2010, 44 million people worldwide were pushed…
Executive Summary Hedge funds are supposedly the “smart money.” However, hedge fund performance does not match the hype. Introduction The performance of hedge funds versus how much they charge investors are covered in the following quotation. “In 2012, hedge funds removed $50.5B from their investors’ pockets. In fact, according to an article in Jacobin Magazine,…
Executive Summary Investment advice is filled with financial bias. The investment industry does its best to hide this financial bias. Introduction The use of salespeople rather than real investment professionals in retail financial branches is covered in the following quotation. “Say you decide to go down to your local brokerage and meet with a financial…
Executive Summary The British outlawed the debt-free US Colonial Script, which was a major part of the success of the colonies. This made the colonies far more likely to seek independence. Introduction This is a massive and, one might say, deliberate misexplanation of what led to the US Revolutionary War. New taxes were imposed, but…
Executive Summary The US Civil War had many private banking connections, including a desire by British private bankers to return the US to the state of a colony through a war. Introduction Slavery was a core issue of the US Civil War, but the war was instigated by European private banking interests that feared a…
Executive Summary The Russian Revolution is not what it appeared to be. The first Russian Revolution has been nearly stripped from history. Introduction What is generally explained about the Russian Revolution (RR), is the second, not the authentic one. The first RR has been virtually lost to history. This is explained in the following quotation….
Executive Summary It is often stated that governments must collect taxes to pay for their budgets. For governments that create their own money, this is false. Introduction When the government issues its own currency, taxes are not necessary. Taxes are necessary when a government cannot issue money (that is without a private central bank). However,…
Executive Summary Private banking always sets up a rigged system where elites benefit from free government money. Private banking ultimately desires to set up most of the society under debt peonage. Introduction This lack of fairness in a system run by private banking interests is explained in the following quotation. “What hides behind the banner…
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…