Chapter 4: Standard Open Market Operations: How the Fed and Commercial Banks “Create Money”
In this chapter we will define some of the conventional “monetary aggregates,” such as M1 and M2. Then we will summarize the textbook description of how the Federal Reserve and commercial banking system “create money” when the Fed buys assets and the commercial banks extend new loans.
The “Acid Rain” Scare and the Science-Industrial Complex
People who can recall or who are aware of President Dwight D. Eisenhower’s farewell speech to the nation in January 1961 usually remember it for his use of the phrase “military-industrial complex.” Eisenhower wrote:
Review: The Real Anthony Fauci: Bill Gates, Big Pharma, and the Global War on Democracy and Public Health
In his must-read new book, The Real Anthony Fauci, Robert F. Kennedy Jr. describes how journalist Liam Scheff chronicled Fauci’s “secretive experiments on hundreds of HIV-positive foster children at Incarnation Children’s Center (ICC) in New York City and numerous sister facilities in New York and six other states between 1988 and 2002” (p. 245).
Report from Zurich: Covid “Certificates” Are an Attack on Christmas
Zurich people like city lights, candles, and the enchanting smell of mulled wine with a pinch of cinnamon. Just one sip of it and it takes you to divine places, makes you feel happier and content, and peaceful. All worries seem to go away at least during this short time when in Zurich and elsewhere people are welcoming and celebrating Christmas together at traditional Christmas markets. The secret is not the cinnamon, however, but the holy spirit that arises around the end of the year.
We’ve Only Just Begun to See the Benefits of the New Surge in Homeschooling
The Bank of Canada’s Failed Mission to “Preserve the Value of Money”
Inflation Surges Near to a 40-Year High. Wages Aren’t Keeping Up.
According to new data released Friday by the Bureau of Labor Statistics, price inflation in November rose to the highest level recorded in nearly forty years. According to the Consumer Price Index (CPI) for November, year-over-year price inflation rose to 6.8 percent. It hasn’t been that high since June 1982, when the growth rate was at 7.2 percent.
Chapter 3: The History and Structure of the Federal Reserve System
This chapter will provide a brief sketch of the historical context in which the Federal Reserve was founded, summarize some of the major changes to the Fed’s institutional structure and mandate over the years, and end with a snapshot of the Fed’s current governing structure. (Chapters 1 and 2 of this book cover more of the historical context, while chapters 4 and 6 explain the mechanics of Federal Reserve operations in much greater detail.)
They’ll Use the Welfare State to Get Compliance on Vaccine Mandates
A Democratic state lawmaker in Illinois has introduced legislation requiring unvaccinated residents to pay out-of-pocket for healthcare services. It’s all part of an effort to come up with new and creative ways to punish people who refuse to get the covid jab. WBBM Radio in Chicago reports:
