Tag Archives: central banks

The Central Banks Face Unwelcome Realities: Their Policies Boosted Wealth Inequality and Failed to Generate “Growth”

Take a quick glance at these charts of the Federal Reserve balance sheet and bank credit in the U.S. Notice what happened to bank credit after the Fed “tapered” and stopped expanding its balance sheet? Bank credit exploded higher: Now … Continue reading

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Governments Change, the Corporatocracy Endures

One little-remarked consequence of the central banks’ policies of near-zero interest rates and quantitative easing is the unrivaled dominance of mobile global capital, i.e. the Corporatocracy. The source of corporate political power is the ability to borrow essentially unlimited sums … Continue reading

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Please Don’t Pop My Bubble!

One person’s bubble is another person’s “fair market value.” What is clearly an outrageously overvalued asset perched at nosebleed levels of central-bank fueled speculative euphoria is to the owner an asset at “fair market value.” But beneath the euphoric confidence … Continue reading

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Pity the Poor Central Bankers: Playing Masters of the Universe Is No Longer Fun

Ah, the good old days, when a simple, completely empty promise to do whatever it takes could move the world. It was fun being a central banker back in the good old days–back then playing Master of the Universe was … Continue reading

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We’re in the Eye of a Global Financial Hurricane

The Keynesian gods have failed, and as a result we’re in the eye of a global financial hurricane. The Keynesian god of growth has failed. The Keynesian god of borrowing from the future to fund today’s consumption has failed. The … Continue reading

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Is the World Getting Crazier, But We No Longer Notice?

If we step back and look at what’s happened since the Global Financial Crisis of 2008-09, it’s easy to see that the global leadership has chosen to do more of what’s failed spectacularly. Since the Global Financial Meltdown, central bankers … Continue reading

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Why Real Reform Is Now Impossible

It’s difficult for well-meaning pundits to abandon the fantasy that meaningful reform is possible. Indeed, a critical function of the punditry and corporate media is to foster the fantasy that the status quo could be reformed if only we all … Continue reading

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Which Narrative Will Win Out: Bulls or Bears?

The tug of war between Bull and Bear has rarely been so clearly matched–and the stakes have rarely been so high. Bulls are confident that central banks have their back in 2016. After all,whatever it takes has successfully pushed equities … Continue reading

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The Panama Papers: This Is the Consequence of Centralized Money and Power

If we don’t change the way money is created and distributed, we will never change anything. This is the core message of my book A Radically Beneficial World: Automation, Technology and Creating Jobs for All. The Panama Papers offer damning … Continue reading

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The Future of Money

To say that the future of money is blockchain-based crypto-currencies and payment platforms is to state the obvious nowadays. If this wasn’t the case, then why are Goldman Sachs et al. (i.e. the global too big to fail banks) rushing … Continue reading

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N.H. Poll Indicates Sanders Will Win Democratic Nomination, then the Presidency

Eric Zuesse The latest New Hampshire Democratic primary poll indicates not only a current reality in that state, but an underlying and far more important national trend, a trend exhibited in N.H. that has bearing more broadly throughout the country, … Continue reading

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The Best Column Ever from Paul Craig Roberts?

Introduction by Eric Zuesse Roberts has written so many articles that are shockingly true and powerful. Selecting one as being the best is really impossible, because he has produced perhaps half of all of the best opinion or news-commentary articles … Continue reading

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Oxfam Finds: Global Poverty Is Soaring

Eric Zuesse On January 18th, Oxfam issued an analysis of the direction of the world economy, and titled it “An Economy for the 1%.” They found that: During the period 2010-2015, the total wealth of the world’s poorer half went down from … Continue reading

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2016 Theme #3: The Rise of Independent (non-state) Crypto-Currencies

A number of systemic, structural forces are intersecting in 2016. One is the rise of non-state, non-central-bank-issued crypto-currencies. We all know money is created and distributed by governments and central banks. The reason is simple: control the money and you … Continue reading

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If We Don’t Change the Way Money Is Created and Distributed, We Change Nothing

Many well-intended people want to reform the status quo for all sorts of worthy reasons: to reduce wealth inequality, restore democracy, create good-paying jobs, and so on. All these goals are laudable, but if we don’t change the way money … Continue reading

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Central Banks Have Pushed the Middle Class Down into Neofeudal Serfdom

In traditional feudal systems, serfs were the landless peasantry who worked the land of their feudal lords in exchange for protection. In our present-day neofeudal system, serfdom has a different definition: present-day serfs own little or no productive capital and have … Continue reading

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If We Don’t Change the Way Money Is Created and Distributed, Rising Inequality Will Trigger Social Disorder

Centrally issued money optimizes inequality, monopoly, cronyism, stagnation, low social mobility and systemic instability. If we don’t change the way money is created and distributed, wealth inequality will widen to the point of social disorder. Everyone who wants to reduce … Continue reading

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Where Is the First Helicopter Drop of Money Likely to Land?

We all know helicopter money of some kind is coming as the global economy spirals into recession. Quantitative Easing (QE)–the monetary stimulus of distributing newly created central-bank money to private banks–has been discredited, as even cheerleaders and apologists now admit … Continue reading

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HISTORIC NEWS: Finally, EU Breaks Away from U.S.

Eric Zuesse On Saturday, September 12th, United Kingdom’s Labour Party elected as its leader and their candidate to lead the UK, Jeremy Corbyn, who has been the most vocal British critic of the UK’s serving as the lap-dog of an aggressive … Continue reading

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OPINION: Why Every American Should Vote for Bernie Sanders

Eric Zuesse, commenting about Thad Beversdorf’s article about Sanders’s record On August 19th, the brilliant Thad Beversdorf opened by posting a five-minute-long 2003 video of Vermont’s then-congressman Bernie Sanders, who was interrogating the deified Federal Reserve Chairman Alan Greenspan, and … Continue reading

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