This is one of the most important things I've so far encountered on the web.
Not the site you understand. Not that I have anything against it. It might be a brilliant site for all I know, but I've only visited that page for one specific reason. It is a mirror site for an amazing series of lectures on exactly the topic I mentioned in a recent blog - How Money Works.
This is a very deep and detailed examination, not for the short of attention span. Fortunately, if you're already a fan of some of my stuff, you probably have a taste for this kind of thing. There are no less than 22 audio episodes all with transcripts - except 10 and 12 which seem to be missing, at least from that particular mirror. Each episode lasts between about 45 and 55 minutes and she is not a professional reader. Nevertheless - if you are half as interested as I am in the subject matter, you'll be riveted.
In a very real sense, "Smithy" (a pseudonym required to protect her professional identity and role) carries on where Quigley left off. Although she covers the roots of Money she also deals with its much more modern manifestations. In Part 8 which I've nearly finished listening to, for example, she has finally explained to my satisfaction what really happened with Enron and the significance of what that collapse exposed to the public gaze.
After Part 7 I feel I now understand how the Money Cycle broke the Water Cycle causing widespread death and devastation in so many third world countries.
I particularly like the way - even better, in my opinion, than Quigley's effort - she has explained how all money is created from loans, (i.e. debt creates money - or, as Quigley puts it, Money is Debt) and the vast bulk of these loans are invested in real estate of one form or another, whether it be the mortgage for your house, or the budget for the Channel Tunnel.
And I'm fascinated by how flimsy she makes the whole system appear. It is a collossal smoke and mirrors confidence trick where the vital ingredient is "confidence". Money only works, according to Smithy, because people believe in it; which makes it sound like religion or homeopathy!
I'm particularly looking forward to what she has to say in Part 20 “The Battle of the Dragons - Oil vs Insurance” but I'm not going to cheat. I'll go through them in sequence - at least the first time. So far she has built upon previous episodes, so I might miss something important if I leap straight to the gunfight at the OK Corrall...
...Like who supplied the guns, and why...
Peace be upon you