Herland Report:The Federal Reserve oligarch owners: The Federal Reserve banks are privately owned corporations with commercial bank shareholders. Today’s ‘money’ is a guarantee to honor government debt where the currency in our pockets represents trust that the United States government will honor its debt. That debt is purchased by the Federal Reserve US oligarch owners and others (1) from …
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Herland Report: When all Bitcoin issued equals the amount the Exchange Stabilization Fund allocates to itself for illicit operations, that gets attention. And since Bitcoin mania is extant, that $350Bn in bitcoin has grabbed everyone else’s attention too. So when the ESF is aware that a slush fund exists almost equal to its own, why won’t the Treasury shut …
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Herland Report: A popular meme in the Panic of 2020 asks, if gold is such a bellwether, why has its price not greatly increased? …and indeed, gone down. The reason why is at the heart of why Modern Monetary Theory — now forcibly embraced — is doomed to fail. But first, a few ground rules. If the government of Venezuela …
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