If you're reading this, chances are you have a bank account, perhaps multiple accounts, to manage your 'savings' and investments (we'll get to why savings is embraced by inverted commas later). Your salary, business, or other income is most likely paid into your bank account, and you spend it using a little plastic card. You … Continue reading How the Banking System Really Works

Last week in a speech at an event in London, Janet Yellen, Chair of the Federal Reserve, was quoted saying that she does not believe there will be a run on the banking system at least as long as she lives. Despite widespread criticism from analysts claiming another financial crisis is not only possible but … Continue reading Yellen Desperate to Avoid Financial Crisis Before the End of Her Term

"Blight" is a botanical term that refers to the extensive discoloration, wilting, and death of plant tissues, not too dissimilar to the erosion, devolution and depression of the Australian economy. That may seem like a harsh assessment of an economy that has been ticking along quite nicely for decades, an economy so strong it hasn't … Continue reading The Great Australian Blight

If not fake, then grossly misleading at best - latest figures from the U.S. Bureau of Labor Statistics claim that unemployment at the end of May 2017 was only 4.3%. The last time unemployment was this low was way back in May 2001. Looking at this number alone, you'd think the economy must be doing … Continue reading Fake Statistics

The Economics of the Economy is my first book. I haven't reached a formal publishing deal yet so I'm selling the book online for now so I can raise funds to improve this website and more importantly, to raise awareness of the treacherous economic conditions ahead. "Treacherous" economic conditions ahead may sound a little hyperbolic, but this isn't a … Continue reading The Economics of the Economy – Inaugural Blog Post