Monetary System

Fractional reserve banking

Consider this scenario: A man sets up a printing press in the spare room of his house, and begins printing counterfeit €50 notes. He successfully prints several million euro worth of counterfeit banknotes before his forgery operation is busted by the Gardaí, after which he is then sentenced to a lengthy stretch behind bars. Very few people will deny that justice had been served in such a scenario, but what most people fail to realise is that fraud is carried out on a far greater scale, all p...

Like the crest of a wave

Sometimes somethings are unstoppable. Other things can be stopped if the people rise to take action. Peter Sutherland has vested interests in keeping the borders open. It's just that big money and big power go together. It's reassuring that we have Sutherland, his eminence to guide Ireland through the dark tunnel of the future. Meanwhile Biffo when he spoke at the Trilateral commission, he arrived late as a protest that he had leave after his address. Even if Biffo was in high heels he stil...