Thursday, March 23, 2023

Eurasian integration

 Eurasian Integration Including Iran Proceeds Despite US “Maximum Pressure” Campaign

Collapses in Australia

As more Australian businesses go under, there are warnings that the past six months is only the beginning with things set to get worse. 

A credit creation theory of banking

 Yves here. This is deceptively important post. We’ve regularly mentioned that mainstream economists and the monetary economists at the Fed and presumably many other central banks adhere to the “loanable funds” theory of investment and lending. That model posits that loans come from a pre-existing pool of savings. The credit view, which the Bank of England, and even Greenspan and Bernanke have effectively admitted is how things really work, is that banks create loans out of thin air, and simultaneously, the related deposit. The check on this process is the cost of money (the central bank’s policy rate). This model, unlike the loanable funds story, explains how central bank policy influences credit and money supply growth.

How Monetary Policy Affects Bank Lending and Financial Stability: A ‘Credit Creation Theory of Banking’ Explanation

Saturday, March 18, 2023

No reverse gear

 From ‘The Duran’ 


Tuesday, March 14, 2023

Simplicius answers some questions

 He seems to be one of the better commenters around. But nobody is perfect and their interest in these problems waxes and wanes.

Saturday Reader's Mailbag Extravaganza - (3/11/23) - Answers

Sunday, March 12, 2023

Bhadrakumar on Saudi-Iran rapprochement

 In Indian Punchline “ The agreement announced on Friday in Beijing regarding the normalisation of diplomatic relations between Saudi Arabia and Iran and the reopening of their embassies is a historic event. It goes way beyond an issue of Saudi-Iranian relations. China’s mediation signifies that we are witnessing a profound shift of the tectonic plates in the geopolitics of the 21st century. ”

Sunday, March 05, 2023

A reality check for Modi Govt’s G20 ambitions

 A reality check for Modi Govt’s G20 ambitions

A plausible explanation could be that after being threatened with a regime change orchestrated by the western intelligence — starting with the BBC documentary, followed by the Hindenburg report, and culminating in George Soros’s prognosis of a “democratic revival” in India — the ruling elite panicked.”

And from ‘the Duran’ https://www.youtube.com/watch?v=OfrTlBvstOw