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Economist Fired for Investigating Suspicious 9-11 Cash Transfers; and
Steve Keen Exposes Financial Fallacies
25
July, 2013
Would
you be surprised to learn that tens of billions in cold, hard cash
was shuffled around just prior to 9-11 by none other than the Fed
itself? Probably not. Here's a graph, illustrating the change in
USD currency production over a ten week period prior to 9-11 compared
to the average over the five years prior (which, by the way, includes
the Y2K money printing orgy in the year 2000 itself, which skews the
average higher):
That's
right. The average increase was $8 billion over five years, but it
exploded to $18 billion just prior to that fateful day. None other
than a Federal Reserve economist discovered this and was promptly
fired for his efforts to reveal the cause. The official story
involves an Argentine currency crisis. Clearly, this required his
termination. We interviewed him, and this is his story at 2:49 in:
http://www.youtube.com/watch?v=J8Z2kiAoCjs&list=PLdaYcumF-5RqlcvcVJkOtnYkgJhzzsed_
We
also discuss shipments of cash to Afghanistan and Iraq. And, Justine
Underhill explains just who Benny's money-printing IOER profligacy is
actually benefitting (answer: foreign banks,
a topic covered on Zero Hedge here and
by us at EPJ here).
Finally,
in case you missed it, we interviewed Steve Keen last week, and at
2:54 he breaks down the difference between different economic
religions (the neoclassical school, Keynseyian, post-Keynseyian and
other oft-conflated economic taxonomies). We also discuss the role
of banks (5:55), whether we have true capitalism (6:20), the crisis
of confidence in the US Dollar (8:20), the Fed's rescue of debtors,
not creditors (9:40), how stock margin debt drives stock prices
(10:20), and why it's all about the leverage (liquidity?) at 11:05.
At
19:57, we debate him on the merrits of the mortgage jubilee.
Here's
the interview:
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