The Money Masters is a 3 1/2 hour non-fiction, historical documentary that traces the origins of the political power structure. The modern political power structure has its roots in the hidden manipulation and accumulation of gold and other forms of money. The development of fractional reserve banking practices in the 17th century brought to a cunning sophistication the secret techniques initially used by goldsmiths fraudulently to accumulate wealth.

WASTING A GOOD CRISIS: RESULT - $200 OIL
by James Quinn
Date, 2009
Rohm Emanuel’s famous quote regarding the current financial crisis, “Never let a serious crisis go to waste…it’s an opportunity to do things you couldn’t do before.” was ignored last summer when oil prices reached $147 a barrel. The Obama administration has taken advantage of the financial [...]

WHEN AMERICA RULED THE WORLD
by James Quinn
March 24, 2009
I used to rule the world
Seas would rise when I gave the word
Now in the morning I sleep alone
Sweep the streets I used to own
I used to roll the dice
Feel the fear in my enemy’s eyes
Listen as the crowd would sing
“Now the old king is dead! Long [...]

As General Motors Goes, So Goes the Nation
by James Quinn
February 26, 2009
General Motors was founded in 1908 in Flint, Michigan and grew to be the largest corporation in the world. Its market capitalization reached $50 billion in 2000. In the past week its market capitalization dropped below $1 billion to levels last seen during the [...]

BOOMERS – YOUR CRISIS HAS ARRIVED
by James Quinn
February 10, 2009
“There is a mysterious cycle in human events. To some generations, much is given. Of other generations, much is expected. This Generation has a rendezvous with destiny.”  Franklin Roosevelt – 1936
President Roosevelt was correct. The generation he was speaking to was already dealing with the worst financial crisis in [...]

GHOST MALLS – COMING TO YOUR TOWN
by James Quinn
January 20, 2009
The illustration of Old West ghost towns is something that every American can relate to. During the great gold rush of the mid 1800’s in California, Nevada, and Wyoming towns sprung up out of nowhere to support the gold mining efforts of those looking to [...]

UNINTENDED CONSEQUENCES
20th CENTURY & BEYOND
by James Quinn
January 5, 2009
“The law of unintended consequences is what happens when a simple system tries to regulate a complex system. The political system is simple. It operates with limited information (rational ignorance), short time horizons, low feedback, and poor and misaligned incentives.  Society in contrast is a complex, evolving, high-feedback, [...]

AN AMERICAN TRAGEDY
by James Quinn
December 16, 2008

“If y ou tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally [...]

TURKEYS CAN’T FLY
by James Quinn
November 24, 2008
” I’d gladly pay you Tuesday for a hamburger today”. J. Wellington Wimpy
If you are old enough to remember the Popeye cartoons, you will remember Wimpy and his promise to pay at a later date for a hamburger today. As Congress listens to the latest pleas for $25 billion from [...]

THE SHALLOWEST GENERATION
by James Quinn
November 3, 2008
The Baby Boom Generation will never be mistaken for the Greatest Generation that survived the Great Depression and defeated evil in a World War that killed 72 million people. I hate to tell you Boomers, but putting a yellow ribbon on the back of your $50,000 SUV is not [...]

Volume 10 - How to Stay Free (1980)
Democracies have only recently been considered desirable. Historically, it was feared that democracies always self destruct when citizens, forgetting that you cannot remove want and misery through legislation, insist on government actions that physically and morally bankrupt their nation. Friedman explains why the United States has so [...]

Volume 8 - Who Protects the Consumer? (1980)
Various government agencies have been created on the claim that they will protect the consumer. These agencies restrict freedom, stifle beneficial innovation, and become agents for the industries or groups they are intended to regulate. Friedman explains how the apparent chaos of the market place, the competition of [...]

Volume 6 - What’s Wrong with our Schools (1980)
Parental choice and parental responsibility in the education of children is the U.S. tradition and is consistent with a free society. Centralized government control has eroded freedom and adversely affected the quality of education. The poor help pay for education for the future rich. Friedman has [...]

Volume 3 - Anatomy of Crisis (1980)
The Great Depression has been popularly viewed as a failure of capitalism. The stock market crash, the failure of the Bank of the United States, loss of personal savings, were visible symbols supporting this belief. As Friedman explains, the real cause was the unseen failure of government policy [...]

Volume 1 - The Power of the Market  (1980)
America’s freedom and prosperity derive from the combination of the idea of human liberty in America’s Declaration of Independence with the idea of economic freedom in Adam Smith’s Wealth of Nations. Friedman explains how markets and voluntary exchange organize activity and enable people to improve their lives. He [...]

Austrian Business Cycle Theory

From Wikipedia, the free encyclopedia

The Austrian business cycle theory is an explanation of the phenomenon of business cycles (also known as credit cycles) held by the Austrian School, a group that is regarded as being outside of the mainstream of economic thought.[1] The theory views business cycles as the inevitable consequence of inherently damaging and ineffective central bank policies, which cause interest [...]

Mortgages arent the only financial instruments that get turned into securities. Marketplace Senior Editor Paddy Hirsch explains how companies make money by buying credit card debt and bundling it. 

A debate is raging in Washington, D.C., about how to deal with Americas foreclosure problem. One proposal is to restructure the loans using a tool usually seen in bankruptcy courts: The cramdown. Senior Editor Paddy Hirsch explains.

When the analysts and experts talk about the current financial crisis, they often refer to credit default swaps. So, what exactly is a credit default swap? Marketplace Senior Editor Paddy Hirsch goes to the whiteboard for this explanation.

Leveraging or borrowing has been cited as one of the contributors to the financial crisis. Senior Editor Paddy Hirsch explains how the move to deleverage or reduce debt is prompting wild market swings and concerns about deflation.

The U.S. Treasury Department plans to recruit private investors to take toxic assets off banks balance sheets. Senior Editor Paddy Hirsch explains how the plan is supposed to work.

The shadow banking system is a key component of the U.S. economy, but the financial crisis has frozen it solid. Senior Editor Paddy Hirsch explains what shadow banking is and why it’s important enough to warrant its own bailout, called the Term Asset-Backed Securities Loan Facility, or TALF.