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Where Do New Dollars Come From
https://www.fairobserver.com/world-news/us-news/where-do-new-dollars-come-from/
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Money, Matter, Anti-Matter
You cannot create money (in our current fiat monetary system) without simultaneously creating the same amount of debt. That is a hard thing to understand. Yet it is the key to understanding our monetary system. Most people immediately say “Well, the central bank just prints the money – where is the debt?” Yes, central banks…
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The Little Bank That Lost 17% of GDP
It’s true. The #Swiss National Bank (SNB) lost CHF 141 billion in the first 9 months of 2022. This equals to 17% of Swiss GDP (around CHF 800 billion): How could this happen? Around half of losses (CHF 70 billion) came from fixed income securities (as global bond prices fell). CHF 54 billion were losses in equities,…
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Crypto-Currencies – Presentation at NEC – April 21, 2018
Please find slides for my presentation here
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The Bitcoin Phenomenon
What is Bitcoin? Is it money? Will it be money of the future? We take a brief look at how it works and what it could do. I have been studying crypto-currencies for a few weeks only, so this is just scratching the surface. I don’t touch the subject of exchanges, for example. But it’s…
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Two Versions of the US Fiscal Deficit
The US (federal) fiscal deficit has been deteriorating recently. This is an odd thing during the late stages of an economic recovery. The budget for 2016/17 (September 30) has been missed by around 10%, and the current fiscal year target (440bn) looks far off. While spending continues to increase, receipts (government income) have leveled off…
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Currency Crunch – July 2017 – From Gold Standard to Petro-Dollar-Standard
Lighthouse – Currency Crunch – 2017-07
Category: Currencies
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