SiP Posted August 21 Report Share Posted August 21 Calculations by Bloomberg indicate that total buying will reach ¥124.6 trillion ($857 billion) https://ca.finance.yahoo.com/news/boj-record-bond-buying-driving-004825183.html Link to comment Share on other sites More sharing options...
fxfox Posted August 21 Report Share Posted August 21 inverted SHS in 1 hour chart on the 24hours S&P and Nasdaq Link to comment Share on other sites More sharing options...
fxfox Posted August 21 Report Share Posted August 21 Here is the whole interview with Werner: Doc, at 1:40:00 he talks about the 70s and says that the "oil shock" was not the reason for inflation, but it was massive credit expansion by Central Banks starting in 1971, way before oil rpices started to rise. Can you confirm this? Could it also have something to do with Bretton Woods? That was abolished in 1971. So by going off the Gold Standard credit creation did rise??? Link to comment Share on other sites More sharing options...
DrStool Posted August 21 Author Report Share Posted August 21 19 hours ago, fxfox said: Can banks individually create money out of nothing? — The theories and the empirical evidence Richard A. Werner https://www.researchgate.net/publication/265909749_Can_Banks_Individually_Create_Money_Out_of_Nothing_-_The_Theories_and_the_Empirical_Evidence/fulltext/55e0bd2e08ae2fac471c9fb5/Can-Banks-Individually-Create-Money-Out-of-Nothing-The-Theories-and-the-Empirical-Evidence.pdf?origin=publication_detail Banks can create money out of nothing. And you can create money out of nothing. Just use your credit card. Voila. Money. 1 Link to comment Share on other sites More sharing options...
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