#monetarysystem — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #monetarysystem, aggregated by home.social.
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New blog post: the 5 unregular savings accounts. The time the money collapse, new ideas emerge https://payhip.com/syrinxandspear/blog/news/five-peculiar-savings-accounts-of-the-economic-crisis
#money #history #economy #economics #monetarysystem #globaleconomy #savings #crash #antsandbees #syrinxandspear
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~ specie + (notes-state)=McGeer monetary policy ~
specie is coin, hard currency.
notes are state-promissory, created by a national bank, backed by state assets.
~7 decades this served North Americans well, until one day in 1974...
BASEL!
https://qualicuminstitute.ca/can-canadas-federal-debt-be-eliminated/ -
A new short blog post about the first banks in Europe, and the relationship of central and commercial banks: https://payhip.com/syrinxandspear/blog/news/from-the-first-central-banks-to-the-modern-banking-system
#finance #financialtips #bankingsyatem #reading #monetarysystem #banks #history #monetarysystem #syrinxandspear
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A new blog post. Capital control cases in the last twenty years. A few times that the fortune was at stake: https://payhip.com/syrinxandspear/blog/news/capital-control-cases-the-last-twenty-years
#finance #money #monetarysystem #banksystem #capitalcontrol #history #economy #syrinxandspear
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My new blog post, four times in modern history that money turned into worthless paper. Learning from the past help us to protect ourselves in the future.
https://payhip.com/syrinxandspear/blog/news/four-times-the-money-became-worthless
#history #economics #economy #money #monetarysystem #modernworld #syrinxandspear #blogpost
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The Modern Monetary Theory means nothing because big time 'investors' with huge amounts of capital, buy and sell stock, withdraw funds, causing economies to collapse. Laws need to be introduced to prevent this corruption of gain and usury. #monetarysystem #investment
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Financial Boffins are calling out issues/gaps/concerns re the recently passed GENIUS Act that pose RISKS! Here are a few ...
1. financial regulators need to write capital, liquidity, and risk management requirements for the Act
2. permissible reserve assets can include uninsured deposits in banks and shares of credit unions
3. does not prohibit payment stablecoins from being counted as a cash or cash-equivalent asset on a corporate balance sheet
4.allows for both Treasury repo and Treasury reverse repo transactions to meet liquidity needs
5. nonfinancial companies can be permitted to issue stablecoins
6. input from regulators is needed to address risks of stablecoins being used for illicit activities
7. no reference to maintaining par-value exchange in the secondary markets
8. no definition of what interoperability actually means
9. does not address if stablecoins from different issuers should be fungible
10. lacks requirements for transparency, accountability, and enforcement of technical infrastructure used for stablecoins
11. prohibits issuers from paying interest or yield to holders, but does not ban third parties from paying interesthttps://www.brookings.edu/articles/stablecoins-issues-for-regulators-as-they-implement-genius-act/ #Crypto #Stablecoins #GENIUSAct #Congress #Risk #FinancialRisk #MonetarySystem #Money #Cryptocurrencies #MonetaryRisk
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The medium of exchange is one core function of money. It matters because trade depends on acceptance and liquidity.
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“It is a bizarre, dangerous and self-wounding approach that cannot help the #US or its #monetarysystem” #Fed #FederalReserve #JeromePowell #USeconomy www.bloomberg.com/opinion/news...
Prosecuting Powell Would Be a ... -
“If your model can’t reproduce the great depression, it’s not a model of the capitalist economy”
Whether you like all of Prof. Steve Keen’s opinions or not, you have to listen to his economy theory.
We keep missing coming economic crises because the neoclassical models are completely wrong, especially about debt.
https://www.youtube.com/watch?v=9TDSGSg6rr4
#economy #models #stevekeen #economiccrash #debt #instability #monetarysystem #capitalism
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PitchFork Economics: "Today, each dollar in circulation generates up to 70% less economic activity than it did just ten years ago."
Ann Pettifor: "Where does money come from? Money comes from individuals applying for loans in the first instance; or money originates as credit."
Ann Pettifor: "Money is created by you and me. And we need a bank to help us do that."
#credit #confidence #moneyCreation #activity #business #growth #MMT #banking #monetarySystem #money
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This video-interview has a great run-down on how money developed throughout history - and especially the last 15 years, where you can create and send money in milliseconds. And what that might mean for the future.
I've got skeptical about the "inflation will come because of debt" stories, because I've heard them since the 90s. But this guest (Lyn Alden) gives some convincing arguments.
https://www.youtube.com/watch?v=DnpczZRBeE0
#Money #Inflation #Fiat #MonetarySystem #LynAlden #Bitcoin #Crypto #MMT #Investing