Money and Banks

Jeff and Bob discuss a recent interview with IMF economist Manmohan Singh in the context of central banks co-opting digital technology for bad ends.

Recorded in Orlando, Florida, on May 14, 2022.

Recorded in Orlando, Florida, on May 14, 2022.

Most people—and especially most economists—not only are ignorant of what money actually is, but how and why it became part of our economy in the first place.

In the face of the coming hardship, central bankers and globalist institutions are going to demand more power to respond to the crisis they created. Bitcoin gives their political opponents a weapon against them.

For the past six months, the regime has repeatedly used whatever bogeyman could be blamed for inflation—so long as the central bank remains blameless. First it was "greed," then it was covid, and now it is "Mr. Putin."

Propping up congressional deficit spending, juicing equity markets, and constantly recapitalizing commercial banks are the Fed’s true mandates.

The Fed has announced it will finally begin scaling back its balance sheet and raising rates. But the steps announced by the Fed on Wednesday are incredibly timid.

In the face of the coming hardship, central bankers and globalist institutions are going to demand more power to respond to the crisis they created. Bitcoin gives their political opponents a weapon against them.

Will Japan ever change course on its negative interest rates? Only if voters begin to realize that the lack of inflation to date in Japan is simply good luck.