In the previous part of this mini-series, we discussed how our bank balance isn’t money, but rather a form of credit (a loan to the bank that is redeemable on demand). In order to understand what money really is, we looked at the origin of money and the influence of central banking on money.... »
How (Central) Banking Really Works (Part II)
May 26 2015
Olav Dirkmaat
What the Worlds Most Powerful Hedge Fund Manager Thinks about Gold
May 19 2015
Ray Dalio of Bridgewater Associates manages 170 billion dollars, and is called the world’s 'most profitable' fund manager. He started small; he was just 12 years old when he earned $300 as a caddy in his free time. He then bought his first stock: Northeast Airlines.... »
Olav Dirkmaat
How (Central) Banking Really Works (I)
May 11 2015
Money and banking are increasingly becoming the subject of intense public debate. A recent example is the Dutch citizens’ initiative 'Ons geld' (Our Money); collecting more than 100,000 signatures in support of a proposal to put the power to create "money" into the hands of government. The public... »
Olav Dirkmaat
The One Thing That Saved the U.S. from Negative Economic Growth
May 4 2015
As I wrote earlier this month, the economic recovery in the U.S. is an illusion. The truth was revealed past Wednesday, when it turned out that the U.S. GDP growth was only a meager 0.2% on an annual basis. Analysts expected the U.S. economy to grow by 2.1%, but it has stagnated instead.... »
Olav Dirkmaat
