Search Results for: hana

  • How Real is The Dual Mandate of the Federal Reserve?

    ByPrimary Researcher

    … of the beast. It is foolish to expect a cartel to act in any other way. This view is not encouraged by Establishment institutions and publishers. It has become their apparent mission to convince the American people that the system is not intrinsically flawed. It merely has been in the hands of bumbling oafs.
    Source: Creature From Jekyll Island
    https://www.scribd.com/doc/54912935/The-Creature-from-Jekyll-Island-G-Edward-Griffin
    And this quotation.
    The Fed has a dual mandate to keep inflation and unemployemnt low. However, that is not the outcome of the Fed. This is becuase …

  • Michael Hudson on Results From The Cares Act

    ByPrimary Researcher

    … card people 29%. It’s a win-win game. Of course, there’s a K-shaped curve. Of course, the rich are getting richer and their savings are other people’s debts on the opposite side of the balance sheet. But the balance sheet is the 1% on the one hand with the assets, and the 99% with the liabilities. That’s what the economy is looking like. If you do not write down the savings that they have, you’re going to make them into an almost feudal type of landlord or finance-lord aristocracy that’s going to …

  • The Relationship Between Not Collecting Taxes and Inflation

    ByPrimary Researcher

    Executive Summary

    Taxes are only necessary for creating a demand for money and in reducing excess purchasing power (the driver of inflation)

    Introduction
    The reason for collecting taxes is not to fund government expenditures but to reduce buying power and control inflation. This is explained in the following quotation.
    “Political attempts to strangle the taxing capabilities of the US government are one of the fastest ways to destabilize the economy. High inflation and weak governments go hand in hand. Greece, Brazil, Argentina, Venezuela – all had or have weak governments that cannot efficiently levy and collect taxes, all are beset by …

  • How EU Member Countries Lost Their Central Banks

    ByPrimary Researcher

    Executive Summary

    Countries have ceded their ability to create their own money by agreeing to hand that function over to a private central bank.

    Introduction
    The EU was a way to take a major part of the sovereignty of smaller EU member countries. Each member country lost its central bank by joining the EU and joined a grouped central bank called the ECB. The smaller member countries handed over their monetary policy to three countries (France, Germany, and Italy) that have 62% of the paid-up capital and roughly this influence on the ECB. As such, the smaller EU member …

  • What is a Debt Jubilee?

    ByPrimary Researcher

    … death of a king or upon losing a war. Debt jubilees were performed to keep the civilians from being enslaved to their debtors, which would mean the state would lose those individuals from fighting in the military. This is explained by Michael Hudson as follows..
    “There are numerous ways of handling it. The Germans handled it by paying about 80% of people’s income to them when they’re not at work or when they can’t go to work. The way that ancient society handled it was very simple. You’d have a moratorium on all ends of the …

  • The Arbitrary Point of Federal Issued Debt

    ByPrimary Researcher

    … banking system. However, how can that be true if the government does not add other lower expenditures than the taxes collected to the federal debt? On the other hand, the US dollar is repeatedly referred to as debt-based money. The question remains regarding the parallel mechanism the federal government uses to pay for things without using debt. (This entry is in the process as there are several missing pieces of information. Mainstream sources cannot fill this information as they do not accurately explain how the design works) None of this applies to state or local governments who need …

  • Is All Money Debt? Comparing Private Versus Government Entities

    ByPrimary Researcher

    … change when the entity in question is the government. And there are also two different scenarios within this one scenario.
    Let us begin with the most common scenario. Let us call this Scenario #2A.
    Scenario #2A: The Central Bank is Private
    Many countries in the world have been tricked into handing their banking over to private interests. This is what the US Fed is. However, the Fed lies about their status on their website, as can be seen in the following quotation.
    The Federal Reserve, like many other central banks, is an independent government agency but also one that is …

  • What is a Payday or Title Loan?

    ByPrimary Researcher

    … Among that group, 42 percent cited an irregular work schedule; an additional 27 percent blamed a span of joblessness or seasonal work.”
    Source: How the Other Half Banks
    How Payday Lenders Deceive Customers With the Store Appearance
    The primitive hands-on processing and tawdry exterior of the outlets both exude welcome to poor customers and mask [the firm’s] close ties to and substantial financing from large corporations and big banks.”94 This is another critical, and somewhat ironic, aspect of the alternative financial service industry’s success: its ability to take advantage of the federally sponsored banking system …

  • How the Ridiculousness of Fanny Mae and Freddie Mac Could Only Exist with a Private Central Bank

    ByPrimary Researcher

    Executive Summary

    Fanny Mae and Freddie Mac were created to purchase home loans to “increase liquidity.” These institutions would be completely unnecessary under a government-controlled banking system.

    Introduction
    The Federal National Mortgage Association or “Fanny Mae” and Federal Home Loan Mortgage Corporation or “Freddie Mac” are two now nationalized loan buying entities that purchase loans from loan originating banks. What led to the creation of these institutions was to increase the ability of Americans to buy homes. These entities purchase mortgages. However, both of these institutions are only necessary because the US government has handed over its ability to …

  • What is the Necessity of Charging Interest Under a Government Run Banking System?

    ByPrimary Researcher

    … being charged for something that is free for any government that can issue its own money to create. This interest makes those that receive loans have to go out and strip mine their opportunities to pay back that interest. The very creation of charging interest often quickly gets out of hand.
    The private banking interests lobby for increasingly compensating interest levels, changes to bankruptcy laws. Interest creates an incentive to use banking as a profit maximizing area rather than as a public service. This was the argument against usury by the (early) Catholic Church and other religions.
    The Unending Problem …