by Keith Weiner
There is a populist idea of money printing. The idea is that banks can just print what they want, enriching themselves in a massive fraud. But, does it really work this way?
Let’s start with a simple case, which is clearly not money printing. We will build a series of examples by adding one element at a time, working our way up to banks, and the central bank. Then we can examine this idea of printing.
Standard & Poor’s slashed the credit ratings of 112 corporations around the globe to default (D) or selective default (SD) in 2015, according to S&P Capital IQ Global Credit. The highest number of global defaults since nightmare-year 2009, when a previously unthinkable 268 companies defaulted, and not far behind the second highest default tally of 125, in 2008.
A new scientific study published in Toxicology and Applied Pharmacology has proved that fracking wastewater causes cancer in humans. The paper titled, Malignant human cell transformation of Marcellus Shale gas drilling flow back water, confirms the suspicions already held by many people – that fracking pollution is carcinogenic. Scott.net reports: The new collaborative study was conducted by scientists at esteemed institutions in both the U.S.
Many people start a new year with renewed optimism. However, "New Year, Same Problems" is the meme of 2016... and recent trading has dashed some of that optimistic 'This time it's different' hope.
Courtesy of: Visual Capitalist
NEW YEAR, SAME PROBLEMS
Most investors and central bankers find themselves between a rock and a hard place to start 2016.
The Federal Reserve finally raised rates in December, but mainly in the interest of preserving credibility.
Submitted by Richard Ebeling via The Future of Freedom Foundation,
If advocates of freedom were to make up a list of New Year’s resolutions for 2016, one of the most important items should be ending government’s monopoly control over money. In a free society, people in the marketplace should decide what they wish to use as money, not the government.