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extraordinary measure? who the hell are you kidding? Call it what it is - a bailout of the elites that you worship, and a detriment to the true capitalist system you secretly despise.

goodgoing: The collectivist is you, not me. True capitalism is not what we have today. When money printing is done by the few to support the few, than you have a command economy. The socialism that exists is for the few, not the many that you despise. True capitalism, with the...

Yes, but to be honest, only recently have I read up on Chartalism through my research on MMT. But I have been aware of MMT for over a year now. I will admit it was difficult to understand, not because it is a complicated theory - but because we have all been "programmed" to think otherwise...

Credible alternatives are already underway. They are called bilateral trade agreements. Two nations get together and determine to trade with something else. China and Russia are the biggest example of this. China no longer wants to play the dollar game, so it is entering into these...

What you said above is 50% correct, and 50% incorrect - but you're on the right page. Let me explain: No other country can print the way we do without feeling huge inflationary pressures. The US Dollar is the world's reserve currency - and so, as the world economy grows, so too does the...

I have seen that video - but its focus is more on the role of credit in the banking system. Yes, due to double entry book-keeping, money is created as loans are created, and the interest continues to accumulate. What I wrote above is fact. Whereas you and I have to work or borrow to get...

Has anyone heard of this? It is actually a description of how the US fiat monetary system works. I believe there are a lot of misconceptions out there, and they are reinforced by the media, politicians, and economists. From my blog...

jem, There is a clear advantage to having the world reserve currency. How else do you explain the US spending more than the next ten largest countries combined on defense? Having the world reserve currency also makes (indirectly) the rest of the world finance your military. You really...

The Triffin Dilemma is alive and well. Think about it - As the world economy grows, so too should the supply of the reserve currency. But for the reserve currency to grow, someone has to "create" it. It must export this currency. And what happens when you export a currency? You consume...

China is already negotiating bilateral trade agreements to be denominated in anything but the US Dollar. The largest such agreement is between China and Russia. It's a process that is occurring right now.

Exorbitant Privilege: http://en.wikipedia.org/wiki/Exorbitant_privilege Triffin Dilemma: http://en.wikipedia.org/wiki/Triffin_dilemma The days of one nation hosting the world reserve currency, and enjoying the privileges of that, are numbered. The world economy is larger and...

I think it depends on who the individuals or hedge funds are - and that hasn't been disclosed yet. It's still too early to rule this out, but I too am skeptical.

This could be a huge story. Think about it. If this is rampant, there could be a tidal wave of redemptions at hedge funds, triggering liquidations, and then you have to think how will this affect the markets? What gains, what loses?

http://www.fms.treas.gov/gold/current.html by the way, there are 32,000 ounces in a ton.

I'm speaking of official gold holdings. Gold that the government already owns. The US has about 8,100. India (officially) has only 557 tons. 200 were recently (last year) purchased by the IMF @ just over $1,000 an ounce.

The US has more gold than any other nation. It is also a custodian of many other nations' gold. In my view, when the current debt based fiat system ends, the US will still be ahead as gold will likely be used again. That doesn't mean that it will be good times again for the average...

To understand this missile launch, I think you have to look at the totality of the circumstances. On Monday, Zoellick, Pres of the World Bank wrote about a gold standard and using the Chinese Yuan in the basket of currencies - the SDR, the missle was launched, then you have a Chinese...

The Banks literally own the Federal Reserve. And in a debt based fiat paper world - they control everything, even sovereigns. A little historical background, that most may already be aware of, as well as the strong possibility that Ron Paul heads the subcommitte that oversees the Fed...

Faber was right about Novagold! As for the war thing. Unfortunately, I think it's unavoidable. At the end of the day, it's not about the money. It's about the resources and who gets what.

He has also discussed the endogenous theory of money creation. That is, banks do not wait for reserves to lend. They lend first, and find reserves later. Think of it this way. You go to the bank to get a loan. Does the clueless loan officer have any idea what the bank's balance sheet...