Let’s wander down the dark path of Federal Reserve monetary operations for a moment. The Federal Reserve (Fed) creates and destroys money through its transactions with a set of Primary dealers. A primary dealer is a firm which has qualified […]
CHRISTIANITY HAS LOST ITS SOUL
With some decades under my belt, I am astounded at the evolution, or in my view, the devolution of Christianity in the U.S. Having been raised Catholic and then converting to Fundamentalist Protestant Christianity during my mid teens, I have […]
FEDERAL RESERVE CURRENCY SWAPS: SOCIALISM FOR THE FINANCIAL SECTOR
Say whaaat? Federal Reserve Currency Swaps? The swaps are important: the swaps are socialism for the financial sector. The swaps work something like this. During times of financial stress, banks which lend to each other overnight and for other short […]
Civility & Peace vs. Anger & Violence
As the world hurtles towards fascism, anarchy and war, many may feel helpless in the face of the powerful and broad forces which move us to our assumed demise. But we need not feel helpless, we, each individual within that […]
Leo Tolstoy: Christian, Pacifist, Anarchist
Following this and the next paragraph are two quotes from Tolstoy’s book “The Kingdom of God is within you”. Tolstoy fought in the Crimean War during the 1850’s. He was recognized for his courage and rose to the rank of […]
Federal Debt
In light of the current debate in Congress over additional fiscal support for workers and the broader economy, and the debate this has sparked over Federal debt levels, it is important to have a clear understanding of Federal debt issues. […]
The Moral Responsibility to Speak of Peace
The Nation is entering a dangerous period. On the Left, there is growing militancy with perhaps a small armed faction; on the Right, there has been a decades long development of well armed militias which historically had been mostly anti-government, […]
The Trillion Dollar Coin: Debt Reduction
Federal Government spending during the current health crisis has alarmed many analysts and the broader public. While the U.S. as a sovereign power with its own free floating currency has unlimited capacity to spend, there are, of course, practical limitations […]
Shh: Let’s Not Talk About That
A deeply understood, but not enough talked-about aspect of Federal borrowing, is that the Federal government need not pay interest on its debt. Current law requires the Treasury Department to auction debt in the public market. The Federal Reserve (FED), […]