Sunday, 5 May 2019

Dutch National Bank's Brutal Honesty

The DNB should get some sort of prize for admitting this publicly. Last week, they published some research covering almost a century, which shows that when central banks issue money, it goes to the top 1%. This is not news, but it's the first time a central bank has admitted it, as far as I know.


The Federal Reserve are printing money  and giving it to themselves and their friends for free. Think that doesn't matter?


At 9 mins 18 secs, the beneficiaries of the 16 trillion bank bailout include Royal Bank of Scotland, right at the top after Morgan Stanley, Citigroup and Bank of America.

Look, peeps, we don't have time to keep fucking around with this stupid shit. We need to start a parallel, closed economy. We don't need boockchain, which is just stupid and deliberately insecure to make it easy for rich people to steal money. All we need is secure communications and double-entry book-keeping.

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