This 6-pillar curriculum teaches the basic literacy we need to be personally and financially successful and to do so in a manner in which together we evolve a culture that supports the emergence of an advanced human civilization.
In the 1930s, it was not obvious to people living through debt deflation that their world was coming apart. The crisis came in pulses, each followed by months of apparent normality – like today. The global system did not snap until September 1931. The trigger was a mutiny by Royal Navy ratings at Invergordon over pay cuts. Sailors on four battleships refused to put out to sea. They sang the Red Flag. News that the British Empire could not uphold military discipline set off capital flight. Britain was forced off the gold standard within five days. A chunk of the world followed suit. — Ambrose Evans Pritchard | Read his article
A country without a memory is a country of madmen. — George Santayana
2 Comments
Zero is the rate the Fed Charges Banks to Loan it Money.
Theoretically, this means banks can ask for anything they wish without charge.
It means demand internally is drying up. There’s no charge.
Next, does the Fed go into the negatives — paying banks to take the slosh?
Please add to the previous reply:
Zero is the rate the Fed Charges Banks to Loan it Money.
Theoretically, this means banks can ask for anything they wish without charge.
It means demand internally is drying up. There’s no charge.
Next, does the Fed go into the negatives — paying banks to take the slosh?
And, why again, do the credit card companies still charge individuals in the single digits if they can coax them to run a balance from month to month? One credit card offer showed almost 20% as the going rate to run a balance. I’ve also known individuals who over spent and soon found themselves paying twice this rate for some of their credit cards. As long as this happens to individual citizens, it means this is all about the bankers playing with one another while almost everyone else pays on the side (bread?) lines.
Zero is the rate the Fed Charges Banks to Loan it Money.
Theoretically, this means banks can ask for anything they wish without charge.
It means demand internally is drying up. There’s no charge.
Next, does the Fed go into the negatives — paying banks to take the slosh?
Please add to the previous reply:
Zero is the rate the Fed Charges Banks to Loan it Money.
Theoretically, this means banks can ask for anything they wish without charge.
It means demand internally is drying up. There’s no charge.
Next, does the Fed go into the negatives — paying banks to take the slosh?
And, why again, do the credit card companies still charge individuals in the single digits if they can coax them to run a balance from month to month? One credit card offer showed almost 20% as the going rate to run a balance. I’ve also known individuals who over spent and soon found themselves paying twice this rate for some of their credit cards. As long as this happens to individual citizens, it means this is all about the bankers playing with one another while almost everyone else pays on the side (bread?) lines.
In the 1930s, it was not obvious to people living through debt deflation that their world was coming apart. The crisis came in pulses, each followed by months of apparent normality – like today. The global system did not snap until September 1931. The trigger was a mutiny by Royal Navy ratings at Invergordon over pay cuts. Sailors on four battleships refused to put out to sea. They sang the Red Flag. News that the British Empire could not uphold military discipline set off capital flight. Britain was forced off the gold standard within five days. A chunk of the world followed suit.
Zero is the rate the Fed Charges Banks to Loan it Money.
Theoretically, this means banks can ask for anything they wish without charge.
It means demand internally is drying up. There’s no charge.
Next, does the Fed go into the negatives — paying banks to take the slosh?
Please add to the previous reply:
Zero is the rate the Fed Charges Banks to Loan it Money.
Theoretically, this means banks can ask for anything they wish without charge.
It means demand internally is drying up. There’s no charge.
Next, does the Fed go into the negatives — paying banks to take the slosh?
And, why again, do the credit card companies still charge individuals in the single digits if they can coax them to run a balance from month to month? One credit card offer showed almost 20% as the going rate to run a balance. I’ve also known individuals who over spent and soon found themselves paying twice this rate for some of their credit cards. As long as this happens to individual citizens, it means this is all about the bankers playing with one another while almost everyone else pays on the side (bread?) lines.