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Banks, Debt, Money

How the US Wages War to Prop up the Dollar

January 12, 2020 – Ryan McMaken …… After decades of Cold War spending, the US had to find a way to keep its massive war budgets and domestic spending going without ruining the dollar. Controlling the flow of dollars spent on oil turned out to be a fix. Continue reading →

Why Powell Fears a Gold Standard

July 25, 2019 – Mike Gleason …… The fact that politicians, central bankers, and “too big to fail” bankers all oppose a gold standard is a tacit admission that hard money would serve as an effective constraint on their activities. Continue reading →

The Bank of Canada Ignores its Mandate

March 6, 2019 – Lee Friday …… The Bank of Canada’s mandate “is to conduct monetary policy to promote the economic and financial well-being of Canadians.” But perhaps this is not its primary purpose. After all, it is failing so miserably to achieve this mandate, surely this must be by design. Continue reading →