by Mark E. Jeftovic, Bombthrower:
What we now call “The Cantillon Effect” was known far back as circa-1730, by at least one economist. It hasn’t been taken very seriously in modern times, especially here in the fiat age.
Named after its author, Richard Cantillon, in his “Essay on Economic Theory” (“Essai sur la Nature du Commerce en Général”) — it is his only surviving work and was published posthumously in 1755, more than 20 years after he was murdered by a former cook whom he had dismissed from his household. The disgruntled ex-employee, returned by night, robbed his home, then set it ablaze, with Cantillon — and the rest of his manuscripts, within.
Capital is flooding into El Salvador thanks to 
GOLD CLOSED UP $6.15 TO $1931.25//SILVER CLOSED DOWN 5 CENTS TO $23.08//PLATINUM WAS DOWN 60 CENTS TO $929.00 WHILE PALLADIUM WAS UP $5.55//IMPORTANT GOLD COMMENTARY TODAY: JOHN RUBINO//UK MORTGAGE RATES CLIMB TO 6.6%//BRITCOIN COMING TO THE UK//IMPORTANT VIDEO FROM NIGEL FARAGE TO US ALL AND A MUST VIEW!!//HUNGARY’S ORBAN TOTALLY REJECTS THE EU PLAN FOR A MIGRANT GHETTO INSIDE HUNGARY!!//.RUSSIA IS OUTRAGED AT TURKEY FOR HANDING OVER NEO NAZIS TO A GLEEFUL UKRAINE//COVID AND VACCINE UPDATES//DR PAUL ALEXANDER//SLAY NEWS/EVOL NEWS//A FEW USA ECONOMIC NEWS FOR YOU
SEC Says Binance Misused Customer Funds, Ran Illegal Crypto Exchange in U.S. The SEC seeks to shut down Binance.