ColdFusion - Who Controls All of Our Money? - A Speedy Update

Episode Date: June 16, 2026

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You are watching Cold Fusion TV. Hi, welcome to another Cold Fusion video. So I just wanted to follow up in the last video that I did, and also give you a few comments for where I was coming from with it. Firstly, I want to thank all of you for your positive comments and also the critiques, and I really appreciate your honest feedback. Everything in the last video that I said was indeed factual, but I think what a few people had a problem with was my tone.

I was very negative about the whole concepts of central banks, But really, I was just frustrated with what they've been doing and the unfairness of today's system. And a lot of people are. It is hard to fit multiple angles in while trying to lay out an entire economic system in 20 minutes. I do want to clarify that not every central bank in the world is equally terrible, and they do have some good attributes, such as being the lender of last resort. This is something that I cut out of the video due to time, but what the lender of last resort means is that when commercial banks in a country are in crisis, the central bank can step in

and bail them out. This is so that innocent depositors don't lose their money. So that's one good aspect, but the way that our system is chained to debt, the way the Federal Reserve was established, and the way it bailed out the very worst banks allowing them to commit more crimes in the derivative market, and the way that it's affected all other economies is something that just doesn't sit well with me. Also, a lot of what I said came from a deeper place. It wasn't just reading a few articles on the subject.

I like to listen to and read up on experts that at least predicted the 08 crisis, and ideally have had experience with consulting monetary bodies. I try to get as many viewpoints as possible. What I didn't have time to mention in the previous video is that according to analysts that have actually sat down and talk with members of central banks, the models that they're using are wrong. Professor Steve Keane, head of the School of Economics, Kingston University. From over a century ago, they convinced themselves you could leave money out, but you model of the macroeconomy and model the macro economy properly. So they have models without money, without banks, without debt. They're derived.

from assumptions about real data driving the financial answers, they're not actually inputs there. And of course, there's presumptions that are wildly wrong. So, anyway, that's the state of the models. And if you'd lift out the financial system, you couldn't see a financial crisis coming for obvious reasons. So this is the major reason that was so wrong. And so long as banks and credit and private debt were all going in the same direction, so they were rising, if you made your model fit the data that was being generated by the economy by tweaking its parameters sufficiently, it could look like you're actually doing accurate prediction. Everything totally changes, of course, when the direction of debt goes in the opposite way. Professor Keene tried to tell this to the

Reserve Bank of Australia, but they wouldn't listen. He then went to warn the Bank of England, and surprisingly, they were open to his new ideas and asked him to come back two more times. Time to really understand how the economy works, but the Fed and the people within it don't seem to be anywhere near I'm thinking. The best bank on that front, and this is going to be an intriguing experience for them for the next five years, is the Bank of England. Why? It's hard to answer that question. I think there's a couple of reasons. Individuals.

I think there's some people inside the Bank of England. I won't mention names, but good people, who have been skeptical about the crisis, going through the crisis thinking, we didn't see that coming. there's got to be something wrong with our models if we didn't see this coming. And secondly, the bank has now developed a new research tack, which they're calling one bank, where they're trying to take guidance from all sorts of approaches to analyzing a complex system, not just what economic theory tells it to do. Other experts in the financial field, such as Jim Rickards and Martin Armstrong, have worked at the US government on occasion and have both noted that the central banks weren't using the correct models. Of course, there's grains of salt.

with all of this, but at least their significant data points. A lot of the actions that the central banks are taking now may hurt us in the long run. For example, where I live in Australia, our central bank is repeating what Alan Greenspan did in 2001 to 2007. In addition to this, our commercial banks are also giving out subprime mortgages, according to a number of whistleblowers. That a large number of Australian banks, or all Australian banks, we're manipulating loan documentation in order to get loans across the line for their lending standards.

the kind of loans that their lending stands were designed to stop. An unknown number of people were being foreclosed on despite the fact that they should never have gotten the loan they did and it was induced by document fraud, what amounts to document fraud. So the similarities to the US subprime crisis are very obvious. A lot of experts warn that this could cause another housing bubble. So what I'm trying to say is that I just don't enjoy seeing the same crisis play out time and time again.

I hate seeing people get hurt. This isn't to mention that ultra-low interest rates also hurt savers and pensioners too. For many, it's frustrating to see entities being able to distort our economies, so I thought I'd at least educate people on how the system works, and discuss some solutions that are talked about by experts in various fields. These solutions are coming in future videos, but in retrospect, it wasn't the greatest move on my part to leave you hanging with all that information and no solution, but I'm letting you know that I'm talking with some blockchain experts, Bitcoin researchers, and some

financial researchers to bring you some solutions that are at least being talked about. Just a heads up, this is all going to take some time to get organized, so hang tight, there'll be some other videos in the meantime. So anyway, this was just a video letting you know where I was coming from in regards to the last video I made. Thanks for watching and I'll see you again soon for the next video. Cheers guys, have a good one.