We need to remember the experiment of QE started in the boom years between 2013 and 2018, where QE was used to literally pay interest to the banks so they wouldn't raise interest rates during a global liquidity trap which was created by the previous years (1996 to 2008) after bank deregulation, thanks to the shrewd Greenspan, aided by the incompetent Bush.
QE successfully destabilised the global financial system, and, by 2017, when interest rates finally needed to reach zero to be able to pay the interest on the money supply without causing a depression, it was obvious that it was absolutely necessary for 20 trillion dollars of sovereign money created in 2021, in response to the highly coincidental "COVID pandemic" where everything basically worked as normal except we were all under house arrest.
Should we be grateful? In times past a similar situation would have resulted in a world war. WW1 and especially WW2 were coincidentally a fantastic opportunity for banks to get their hands on the sweet sovereign money.
To think that QE was successful is sheer madness. And to use it as an investment tool is next level stupid, but, the banks can afford to act however they like. The ire of the people experiencing the resulting hyperinflation will be directed to their governments.
And,
"The elected government’s role in this architecture is to sign the paperwork."
More emphasis needs to be placed on the true role of governments. It isn't to lead. It is to act as facilitators, shields, punching bags, and frontmen for those who really control everything-the banks.
My 2cents : I read a lot of Positive money pdfs along the years. I bought Where does money comes from? and also Modernizing money published by Positive money.
They developed a lot of what Zarlenga talked about in his book The lost science of money
I think Richard Werner after the first book separted from them because he smelled that they were being bought. I've read somewhere that Soros was financing a lot of works through his foundation and that's when Collins started to become greener.
Werner always denounced the green scam and limited resources scam even the covid scam.
He started to go against them by saying we need more decentralized systems not centralization.
In Germany, we have also Joseph Huber who wrote before all of them a book called Creating New Money in the 2000s era. It inspired the Positive money group to follow his path.
Huber wrote another book Sovereign Money and denounced the power of private banking and the appropriation of seignorage by private entities. He is now to my great regret an advocate of CBDC.
It looks like only Richard Werner is the uncorrupted in this story (or maybe Huber is very naive). He was even fired from his job at the university.
All this work was accessible to the public for a long time but it seems that a lot has been erased from the internet in 2023-2024.
What they've produced of the years, I got to say it's Elite work and can be used to understand how the world works.
Even MMT has not arrived there yet or refuse to arrive for example at Huber or Zarlenga's conclusions : Wray and Mosler refuse to acknowledge that Central Bank are private and seigniorage is private. Also they don't even make a difference between QE1 and QE2 of Werner.
Maybe they are naive but come on if I can understand it they can to. There's also a green agenda and probably other thing behind (look at Steve Keen he is completely brain washed with the green agenda)
My heaven sir/madam, do you sleep? Your work is superior. The details is astonishing. Thank you.
first essay i've published for the best part of a week, so yeah, had plenty of time to do other things
we owe you one.
suggest a story at a glance summary at begining,
and out of their salad words jergon and institutions and comittees salad, as you well translates into plain english or plain (their) goals
This says it all:
"economics 𝗮𝘀 𝗶𝗳 people and the planet mattered".
This is highly interesting stuff, thank you!
We need to remember the experiment of QE started in the boom years between 2013 and 2018, where QE was used to literally pay interest to the banks so they wouldn't raise interest rates during a global liquidity trap which was created by the previous years (1996 to 2008) after bank deregulation, thanks to the shrewd Greenspan, aided by the incompetent Bush.
QE successfully destabilised the global financial system, and, by 2017, when interest rates finally needed to reach zero to be able to pay the interest on the money supply without causing a depression, it was obvious that it was absolutely necessary for 20 trillion dollars of sovereign money created in 2021, in response to the highly coincidental "COVID pandemic" where everything basically worked as normal except we were all under house arrest.
Should we be grateful? In times past a similar situation would have resulted in a world war. WW1 and especially WW2 were coincidentally a fantastic opportunity for banks to get their hands on the sweet sovereign money.
To think that QE was successful is sheer madness. And to use it as an investment tool is next level stupid, but, the banks can afford to act however they like. The ire of the people experiencing the resulting hyperinflation will be directed to their governments.
And,
"The elected government’s role in this architecture is to sign the paperwork."
More emphasis needs to be placed on the true role of governments. It isn't to lead. It is to act as facilitators, shields, punching bags, and frontmen for those who really control everything-the banks.
I can only say one thing : Superb work.
My 2cents : I read a lot of Positive money pdfs along the years. I bought Where does money comes from? and also Modernizing money published by Positive money.
They developed a lot of what Zarlenga talked about in his book The lost science of money
I think Richard Werner after the first book separted from them because he smelled that they were being bought. I've read somewhere that Soros was financing a lot of works through his foundation and that's when Collins started to become greener.
Werner always denounced the green scam and limited resources scam even the covid scam.
He started to go against them by saying we need more decentralized systems not centralization.
In Germany, we have also Joseph Huber who wrote before all of them a book called Creating New Money in the 2000s era. It inspired the Positive money group to follow his path.
Huber wrote another book Sovereign Money and denounced the power of private banking and the appropriation of seignorage by private entities. He is now to my great regret an advocate of CBDC.
It looks like only Richard Werner is the uncorrupted in this story (or maybe Huber is very naive). He was even fired from his job at the university.
All this work was accessible to the public for a long time but it seems that a lot has been erased from the internet in 2023-2024.
What they've produced of the years, I got to say it's Elite work and can be used to understand how the world works.
Even MMT has not arrived there yet or refuse to arrive for example at Huber or Zarlenga's conclusions : Wray and Mosler refuse to acknowledge that Central Bank are private and seigniorage is private. Also they don't even make a difference between QE1 and QE2 of Werner.
Maybe they are naive but come on if I can understand it they can to. There's also a green agenda and probably other thing behind (look at Steve Keen he is completely brain washed with the green agenda)