There were massive and multiple ironies in that stance. It put the central bank in the proactive and morally sanctioned business of buying the government’s debt in the conduct of its open market operations. Friedman said, of course, that the FOMC should buy bonds and bills at a rate no greater than 3 percent per annum, but that limit was a thin reed.
Telling the truth has become a revolutionary act, so let us salute those who disclose the necessary facts.
ALTERNATIVE NEWS
29 Jun 2013
Milton Friedman: Freshwater Keynesian
There were massive and multiple ironies in that stance. It put the central bank in the proactive and morally sanctioned business of buying the government’s debt in the conduct of its open market operations. Friedman said, of course, that the FOMC should buy bonds and bills at a rate no greater than 3 percent per annum, but that limit was a thin reed.
Bankster Peek-a-boo Accounting - Max Keiser with Francine McKenna
State Usurpation of Parenthood, Conditioning and How Cancer Can Make You Well - Stefan Molyneux with Laurette Lynn
Why Banks ALWAYS Fail
By Martin Armstrong:
QUESTION: Why do banks seem to always fail?
ANSWER: The business model is inherently flawed. They borrow short-term on demand and lend long-term. They take your demand deposits in your checking account and lend for mortgages out 30 years or speculate with your money like M.F. Global who Obama protected proving my point – Democrats & Republicans are the same. They make noize on the social issues only – but when it comes to money, they smile with their hand out for crumbs from the bankers.
There is ALWAYS a bank failure because the business model is simply unsound. The way to correct the problem is simple. Long-term lending must be matched ONLY with term deposits – never demand deposits. I have advised banks as well as been on the board of a bank. So I have been there, seen it all, and understand it clearly.
The real problem is that the bankers sell the government debt and threaten them that if they do not bail them out every time they lose money, government goes down. Total blackmail. That has to STOP.
QUESTION: Why do banks seem to always fail?
ANSWER: The business model is inherently flawed. They borrow short-term on demand and lend long-term. They take your demand deposits in your checking account and lend for mortgages out 30 years or speculate with your money like M.F. Global who Obama protected proving my point – Democrats & Republicans are the same. They make noize on the social issues only – but when it comes to money, they smile with their hand out for crumbs from the bankers.
There is ALWAYS a bank failure because the business model is simply unsound. The way to correct the problem is simple. Long-term lending must be matched ONLY with term deposits – never demand deposits. I have advised banks as well as been on the board of a bank. So I have been there, seen it all, and understand it clearly.
The real problem is that the bankers sell the government debt and threaten them that if they do not bail them out every time they lose money, government goes down. Total blackmail. That has to STOP.
FBI Had Plans to Kill Occupy Leaders
Edward Snowden: the Manchurian Candidate
By Richard Cottrell: Points of detail are important.
Edward Snowden is not an NSA sub contractor. He worked for the ‘consultancy’ Booz Allen Hamilton which is a shop front for the CIA, not the NSA. First warning.
Second. None of the ‘secrets’ he revealed are even vaguely secret, since the information concerning NSA snooping on foreign powers was already in the public realm, many times over. The problem is that newspapers and journalists intoxicate themselves with spy stories and rarely bother to sift through all the parallel information. Takes too long.
Third. His hop, skip and jump activities were clearly well planned in advance. Who, exactly, set up the fake exit to Cuba story, which put a truckload of journalists on the wrong (teetotal) flight? Snowden? Pull the other one. He had that sort of power over Aeroflot? Who put the story around anyway? Snowden again? Hey this guy was wasted working for the CIA, he should have been in PR.
Fourth. He got on a plane to Russia without a visa. I have been to Russia many, many times and I can tell you that is an impossible feat without real inside connections.
Edward Snowden is not an NSA sub contractor. He worked for the ‘consultancy’ Booz Allen Hamilton which is a shop front for the CIA, not the NSA. First warning.
Second. None of the ‘secrets’ he revealed are even vaguely secret, since the information concerning NSA snooping on foreign powers was already in the public realm, many times over. The problem is that newspapers and journalists intoxicate themselves with spy stories and rarely bother to sift through all the parallel information. Takes too long.
Third. His hop, skip and jump activities were clearly well planned in advance. Who, exactly, set up the fake exit to Cuba story, which put a truckload of journalists on the wrong (teetotal) flight? Snowden? Pull the other one. He had that sort of power over Aeroflot? Who put the story around anyway? Snowden again? Hey this guy was wasted working for the CIA, he should have been in PR.
Fourth. He got on a plane to Russia without a visa. I have been to Russia many, many times and I can tell you that is an impossible feat without real inside connections.
Criminality among UK police on the rise
Feminazis: Orwell Would be Proud
What’s So Scary About Deflation? - Ludwig von Mises Institute
The person who epitomizes this fear of deflation best is Ben Bernanke, chairman of the Federal Reserve. His interpretation of the Great Depression has greatly biased his view against deflation. It is true that the Great Depression and deflation went hand in hand in some countries; but, we must be careful to distinguish between association and causation, and to correctly assess the direction of causation. A recent study by Atkeson and Kehoe spanning a period of 180 years for 17 countres found no relationship between deflation and depressions. The study actually found a greater number of episodes of depression with inflation than with deflation. Over this period, 65 out of 73 deflation episodes had no depression, and 21 out of 29 depressions had no deflation.
US PIG (Prisoner Industrial Gulag): Texas Teen Faces 8 Years in Jail for an Insensitive Joke on Facebook
By Michael Krieger: A very disturbing pattern is becoming evident all across the nation. For a country that has 5% of the world’s population yet 25% of the entire planet’s prisoners,
we sure do seem to eager to bump that figure up even higher. My guess
is the trend has a lot to do with the private prison system in the
country, which means higher levels of incarceration equals higher
profits. I think it also has to do with a troubling move toward
criminalizing speech and an attack on the First Amendment generally.
This particular case occurred in Austin, Texas and nineteen year old
Justin Carter now faces eight years in jail for an insensitive joke on
Facebook. Thanks to the site Texas Prison Bid’ness, we can gain some perspective on the private prison industry in the Lone Star State:
Now, here’s the story from KHOU in Houston:
Justin Carter was 18 back in February when an online video game “League of Legends” took an ugly turn on Facebook.
Now, here’s the story from KHOU in Houston:
Justin Carter was 18 back in February when an online video game “League of Legends” took an ugly turn on Facebook.
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