How Fiat Money Plays Out

Larry Parks, using illustrations, shows how legal tender irredeemable paper-ticket-electronic money, a.k.a. fiat money, plays out. It’s purchasing power always approaches its cost of production: ZERO! More Information can be found from Larry Parks HR1098 Congressional Testimony 9-13-11 To get a copy of What Does Mr. Greenspan Really Think? from Amazon, click HERE Support FAME

Phony Risk Management

The phony definition of the so-called “riskless rate-of-return” results in a gross misallocation of pension plan assets on which Wall Street firms and banks garner exorbitant and unearned fees. If the putative beneficiaries  receive the benefits and pensions they have been promised and which they have earned, it will be a happy accident. Meanwhile the […]