Tag: central banks

Jack Mullen, BANKS GOING BUST, AMERICANS ON THE HOOK AS BANKERS PREPARE CBDC FOR LAUNCH |

James Fetzerblog

Jack Mullen As I have explained since June of last year, the banking system in the United States is not a creation of the Constitution, and it does not belong in any way to the people. The monetary system and the banking networks that support that system are privately owned, employing privately owned copyrighted dollar bills adorned with secret society symbols and powered by lucrative privately patented technology. Dollar bills are Federal Reserve Notes, not United States Treasury Notes. The Federal Reserve and NOT publicly elected officials and agencies of the US…

Alasdair Macleod, The Era of a Financialized Fiat-Dollar Standard is Ending

James Fetzerblog

Alasdair Macleod   In recent articles I have argued that the era of a financialised fiat dollar standard is ending. This article takes my hypothesis further and explains that it is not just the emergence of new commodity backed currencies in Asia that will threaten the dominance of Western currencies, but the Fed’s failing monetary policies and those of the other major central banks. An unstoppable rise in interest rates will in large part be responsible for their demise. Financial markets in thrall to the state underestimate the forces collapsing the…