When the system is set up to encourage maximizing self-interest, accountability for the whole is lost.
The point I’m making with the $10 trillion stone coin is that if money is a social contrivance, then it should be distributed to those creating goods and services.You’ve probably heard of the $1 trillion platinum coin proposal: the basic…
Season 5 of the popular drama GREXIT is now in production.
With the bankruptcy of Greece now undeniable, we’ve finally reached the endgame of the Neocolonial-Financialization Model.We all know how old-fashioned colonialism worked: the imperial power takes physical control of previously independent lands a…
Like a star which has expanded and now cannot maintain its grand state, Europe’s extend-and-pretend economy is now poised to experience a supernova implosion.
There is no substitute for the discipline of a market that cannot be manipulated by political elites.It’s not that difficult to understand why the euro is doomed to fail.
All the gimmicks lenders press on borrowers to maintain the artifice that the loan is being serviced are financial frauds.
I suspect China’s leadership is wary of unpegging the RMB for one reason: the FX market is too large to manipulate for long.
We are living in an era where a single statement of truth will drive a pin into the global bubble of phantom assets and debts, and the lies spewed to justify those bubbles.How many nations are blessed with political and financial leaders who routinely …
Greece has the potential to be the small domino that ends up toppling much larger dominoes.