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
How Fiat Money Plays Out
Thank You Mr. Buffett
Larry Parks thanks Warren Buffett for starting a conversation about gold, even though Mr. Buffett declaims any possible role for gold in the world’s monetary system. That is, Mr. Buffett believes that gold is not of much use when, in fact, it has great use as money. Parks explains how and why politicians, who are […]
Why US Monetary System Violates Jewish Law (Part I)
The U.S. monetary system and all legal tender irredeemable paper-ticket-electronic monetary systems worldwide violate scripture in every major religion. In the U.S., after the Civil War experience with paper money, called Greenbacks, there was a great deal of dissension about whether to resume gold-as-money. There were debates in the business, banking, and labor sectors about […]
Why US Monetary System Violates Jewish Law (Part II)
The U.S. monetary system and all legal tender irredeemable paper-ticket-electronic monetary systems worldwide violate scripture in every major religion. In the U.S., after the Civil War experience with paper money, called Greenbacks, there was a great deal of dissension about whether to resume gold-as-money. There were debates in the business, banking, and labor sectors about […]
Why US Monetary System Violates Jewish Law (Part III)
The U.S. monetary system and all legal tender irredeemable paper-ticket-electronic monetary systems worldwide violate scripture in every major religion. In the U.S., after the Civil War experience with paper money, called Greenbacks, there was a great deal of dissension about whether to resume gold-as-money. There were debates in the business, banking, and labor sectors about […]
Issues Relating to Manufacturers
Hard to believe, but if you are reading this (and you are a manufacturer in the United States) you are one of the lucky ones. We still consume, but we no longer build. How and why that happened is a story in its own right. “There is no subtler, no surer means of overturning the […]
What you can do to help:
FAME depends on your generous contribution so that we may educate folks to mitigate the damage when our unstable, unauthorized (by the Constitution), and dishonest monetary system finally collapses. Support FAME
Labor & Union Issues
Labor, Unions and Workers know they have been swindled, their pensions jeopardized, and a lifetime’s work placed at risk. The last time American workers were faced with fixing their financial system, American Labor called for a fair and honest monetary system, enjoyed broad public support, and worked to achieve it. The ensuing prosperity lasted more […]
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 […]
The Fed is Causing, not Curing, Deflation, Low Wages, Unemployment and Reducing Demand
The Fed believes that Zero interest-rate policy (ZIRP) will boost the economy by increasing credit creation, making it more profitable to build factories, start businesses, with increased demand and employment to follow. ZIRP, a euphemism for facilitating the creation of legal tender irredeemable paper-ticket-electronic make-believe money out of nothing, does bring forward sales of some […]
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