Executive Summary Quantitative easing is a deliberately obscure term that means taking bad assets from banks and placing them on the government’s balance sheet. Introduction Private central banks create a fiction about QE, which is then repeated dutifully by mainstream economists. This explanation is that it is a stimulus. But, while it is a stimulus,…
Executive Summary Shadow banking is even more corrupt than normal megabank banking and it is a major risk to the banking system. Introduction The lack of coverage of shadow banking is a serious issue with understanding private banking. More and more banking is moving away from transparent companies and into the opaque world of shadow…
Executive Summary Banks continually increase their size through acquisitions. Introduction Large private banks are perpetually either buying smaller banks or supporting legislation that will make it more difficult for smaller banks to stay independent. One example of this is Basel III, which is promoted by the BIS, and its primary intent is to increase costs…
Executive Summary Blockchain has been leveraged by financial entities to record banking transactions. Introduction How blockchain is integrated into finance is covered in the following quotation. Banking has become so ridiculously opaque that blockchain, a public and uncontrolled online register has been proposed as a way to provide better accounting. This is covered in the…
Executive Summary This is the hypothesis that money is created as a form of social credit. Introduction This theory is far less known than the evidence for it would indicate. Academic Research into Whether the Credit Theory of Banking is True or False It is curious that there is academic research into this question, as…
Executive Summary Bail outs are gifts to banks from governments that prevent them from ever having to adjust their behavior. Introduction Bail outs are necessary because private banks and related institutions lower standards for short-term profits. This leads to asset bubbles. When the bubbles pop, private banks can end up with losses. A bailout is…
Executive Summary This law extended the charter of the Federal Reserve. Introduction This act extended the charter of the Federal Reserve into perpetuity. It also allowed national banks to open branches in many states, which allowed larger banks to compete against smaller banks. It loosened regulations on banks and gave the Federal Reserve more power…
Executive Summary A progressive think tank that promotes policies that are in the public interest. Introduction The Roosevelt Institute is along with the CERP one of the few progressive think tanks. Unlike the CEPR, while the RI has great ideas, they are virtually never brought up or invited to speak on mainstream media outlets. It…
Executive Summary Post office banking is in the US’s history and is also commonly found in other countries. Private banking interests strongly opposed any government involvement of competition in banking. Introduction What is little discussed is that the banking entities in the US with the highest ratings by their customers are not private banks but…
Executive Summary The IMF is an international banking cartel that imposes neoliberal policies on countries through banking control. Introduction The IMF was formed in order to establish exchange rates, however, they now follow neoliberal policies which seek to get countries into hock, and they enforce austerity on these countries and turn them into colonies of…