JoNova

A science presenter, writer, speaker & former TV host; author of The Skeptic's Handbook (over 200,000 copies distributed & available in 15 languages).


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The Skeptics Handbook

Think it has been debunked? See here.

The Skeptics Handbook II

Climate Money Paper


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GoldNerds

The nerds have the numbers on precious metals investments on the ASX



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The money – you earn it, they print it. Welcome to the world of Corruption.

Ladies and gentlemen, it’s obvious (to anyone who knows there’s no free lunch) that one way or another this Festival of Funny Money was going to end in tears. And so it flows… but let’s not forget what lead us to this, the problem that lies under all others.

The government can print (base) money from nothing, and they can set interest rates artificially low so as to encourage private banks to create (bank) money from nothing. And governments keep doing it, because it’s so much easier to be elected handing out loaves and fishes, and grants and solar-rooftop-subsidies, in a froth of easy money and rising asset prices. Any fool can spend someone else’s money, especially when the sucker doesn’t even know it was their money.

Thus does inflation steal from all and sundry. Silently.

Watch them print money… say hello to inflation.

In the real world, we have to repay our debts. But the world of the ruling class never has to make ends meet. Alan Greenspan admitted that this weekend — effectively announcing that the US is the United States of Wonderland, where no matter how high the debt is they can never default — because [...]

Inflation: the creeping hand of corruption

UPDATE May 27, 2011: While the inflation information here is correct, be aware news has just come out that the NIA (who made the video) is a pump and dump group, doing potentially fraudulent work. So enjoy their videos but beware of their stock recommendations. We wondered who was behind this video — at least it finally makes sense.

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Background Joanne occasionally writes about the science and corruption of monetary systems. She summed up the connection between the two dismal sciences (climate and economics). If you are new to this theme see the explanation and links at the bottom of the article.

You might think inflation and climate science are only linked metaphorically. But the corruption in science is fed by the corruption in our currencies.

The monetary system that allows a privileged few to print money from nothing is the same system that allows massively misdirected spending. When there are so few controls on the growth of money, there is less negative feedback, fewer brakes, and virtually no limits. If the system is swimming with easy money, people can “afford” to build wildly extravagant and unproductive things — like wind-farms, carpets of solar panels, or symbolic rivers [...]