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A Loophole Allows Banks – But Not Other Companies – to Create Money Out of Thin Air

 

The central banks of the United States, England, and German - as well as 2 Nobel-prize winning economists - have all shown that banks create money out of thin air ... even if they have no deposits on hand.

The failure of most governments and most mainstream economists to understand this fact - they instead believe the myth that people make deposits at their bank, and these deposits are then lent out to new borrowers - is the main cause of our rampant inequality and economic problems.

S&P Enters The Latest European Scandal: Downgrades Poland From A- To BBB+

S&P Enters The Latest European Scandal: Downgrades Poland From A- To BBB+

Over the past week, Poland's relations with Europe have gone from cordial to abysmal, when first Poland's new Eurosceptic government compared the EU and Merkel to Nazis, with Polish weekly Wprost releasing the following cover saying "they want to supervise Poland again"...

 

... only for Brussels to retaliate and launch an "unprecedented" review of Polish media laws, a move which Poland angrily responded is far beyond the EU's domain.

US Freight Volumes Fall For First Time In 3 Years As Baltic Dry Crashes Under 400

US Freight Volumes Fall For First Time In 3 Years As Baltic Dry Crashes Under 400

It was just two weeks ago when we highlighted a Morgan Stanley note which showed that US trucking has not been this bad since 2009. That revelation came on the heels of an abysmal November for Class 8 sales.

Trucking, apparently, is just another casualty of slumping trade, falling commodity prices, and mediocre, double-adjusted economic “growth.”

On Friday we get the latest sign that trade is grinding to a halt. 

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