Category Archives: Society

Energy and resources limits what humans can do. So do their own systems. Financial systems fail, corruption, wars, religion, politics and more all play a role in how successful societies are and how wealthy their citizens are. As the distribution of wealth grows more unfair, the population is so immiserated at some point that collapse and a new society emerge

How Money is Created: 3 articles

Posted on April 24, 2014 by

Also see: Money as Debt (45 minute video) Can Banks Create Money out of Nothing? – Richard Werner Money Creation in the Modern Economy –Bank of England David Graeber. March 18, 2014. The Truth Is Out: Money Is Just An IOU, … Continue reading →

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Will the government seize your IRA after the next financial crash?

Posted on April 22, 2014 by

Federal government may seize part of your IRA passportira.com [I don’t think this is likely, but then again, when you look at the influence of money on politics, the corruption across all financial sectors, the largest bubble in human history … Continue reading →

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Are Brokerage Accounts Safe?

Posted on April 22, 2014 by

James Stewart. December 9, 2011 A Risk Once Unthinkable. New York Times. Are customer accounts at brokerage firms safe? SIPC will replace up to $500,000 of securities and cash (but not futures contracts) missing from customer accounts at member firms. … Continue reading →

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The case for Gold

Posted on April 21, 2014 by

Gold, Infinite Debt, and the Problem of Capital Storage: Has The Hotelling Moment Arrived? March 9, 2011 Gregor Macdonald One of the reasons that gold retains its competitiveness as a capital-storage unit is the rather slow and plodding rate at … Continue reading →

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Why the USA can’t inflate its way out of debt.

Posted on April 21, 2014 by

Mar 11, 2010. Why the U.S. can’t inflate its way out of debt. Financial Times. It’s dawning on people that getting a handle on burgeoning U.S. debt will be a long and hard process. So if lawmakers can’t agree on … Continue reading →

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Banks still gambling on illegal Collateralized Loan Obligations (CLO)

Posted on April 20, 2014 by

Banks Cling to Bundles Holding Risk APRIL 19, 2014 GRETCHEN MORGENSON New York Times Some $431 billion worth of C.L.O.s currently exist. The Volcker Rule doesn’t go into effect until 2015, but that hasn’t stopped big bankers and their supporters … Continue reading →

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Fannie & Freddie started the mortgage crisis

Posted on April 16, 2014 by

Reckless Endangerment. How outsized ambition, greed, and corruption led to Economic Armageddon 2011 by Gretchen Morgenson and Joshua Rosner This book makes the case that Fannie & Freddie started the mortgage crisis and then Wall Street got in on the … Continue reading →

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The Murderer Next Door: Why the Mind Is Designed to Kill

Posted on April 15, 2014 by

THE MURDERER NEXT DOOR: Why the Mind Is Designed to Kill, David M Buss http://www.amazon.com/Murderer-Next-Door-Mind-Designed/dp/0143037056 [pp. 36-44] THE COMPETITIVE LEGACY OF OUR ANCESTORS Every breath we take we owe to our ancestors-an unimaginably long and unbroken line of forebears who managed to … Continue reading →

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Gordon Long Extend & Pretend

Posted on April 14, 2014 by

Gordon Long has interesting ideas about what’s going on and how to invest accordingly.  I don’t agree with all that he writes, but what he has to say sure is interesting and a good overview of the incredibly widespread corruption … Continue reading →

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We’ve been “Bankalized” Banks rule and always will

Posted on April 14, 2014 by

Ilargi Nov 8, 2010 I read an article Ashvin Pandurangi, our by now greatly valued roving reporter, sent me, entitled “Plutocracy Now”. Ashvin writes about that first notion I was pondering: the nationalization of US banks, though for him it’s … Continue reading →

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