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

Why cash is better than gold

Posted on March 1, 2014 by

Why people buy gold To protect against inflation That’s a good reason, but the next crash will be deflationary like the 2008 crash, when stocks, homes, oil, gold, and everything else plummeted in value. Trillions of dollars vanished overnight.  The … Continue reading →

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Wall Street Journal FDIC Faces Balancing Act in Replenishing Its Coffers

Posted on February 27, 2014 by

FDIC Faces Balancing Act in Replenishing Its Coffers August 21, 2008.  Wall Street Journal. As financial institutions continue to fail, the Federal Deposit Insurance Corp. is under pressure to decide how to replenish the fund that insures consumer deposits. The … Continue reading →

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Your Money is not Safe in an FDIC Insured Bank Account

Posted on February 27, 2014 by

Below are 3 articles about why the FDIC can’t actually protect your money at banks Ellen Brown. July 5, 2013 Think Your Money is Safe in an Insured Bank Account? Think Again. A trend to shift responsibility for bank losses … Continue reading →

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Deflation : The meltdown was far more like the crash of 1873 than the 1929 Great Depression

Posted on February 27, 2014 by

The Real Great Depression. The depression of 1929 is the wrong model for the current economic crisis. 10-17-2008. Scott Nelson.   The Chronicle of Higher Education. As a historian who works on the 19th century, I have been reading my newspaper … Continue reading →

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Civil Asset Forfeiture: across the nation authorities confiscate cash & homes of innocent people

Posted on February 27, 2014 by

Source: Ironside AM (2016) New report finds civil asset forfeiture most heavily burdens minorities and low-income communities. Civil Rights Law & Policy Blog. Preface. Basically if you’re poor, your cash, car, home, and other property can be confiscated for no … Continue reading →

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The repo market was a key reason the meltdown happened

Posted on February 27, 2014 by

NY Fed’s Dudley Warns that “Firesales” Could Trigger Another Financial Crisis.  Still Broken Five Years Later by Mike Whitney. Feb 21-23, 2014. Counterpunch. “The repo market wasn’t just a part of the meltdown. It was the meltdown.”  – David Weidner, … Continue reading →

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Pity Brazil’s Military Police. FEB. 19, 2014. Vanessa Barbara. New York Times.

Posted on February 21, 2014 by

Pity Brazil’s Military Police. FEB. 19, 2014.  Vanessa Barbara. New York Times. In 2012, 1,890 Brazilians were killed by the police. 351 occurred in São Paulo — 20% of all homicides. Organized crime retaliated by killing 11 police officers and … Continue reading →

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Colombia’s Warning for Mexico

Posted on February 15, 2014 by

Preface. This is a pattern you see over and over again in civil wars and collapsing bits of nations no longer under government control Abadfeb’s editorial reminds me of feudalism. Until the rise of state-level armies in the 17th century, … Continue reading →

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Eduardo Porter : Next Crisis from Rising Interest Rates? (New York Times)

Posted on February 15, 2014 by

A World Unprepared, Again, for Rising Interest Rates. Feb 11, 2014. Eduardo Porter. New York Times. I was living in São Paulo in 1997 when, out of the blue, an investment banker I knew called to ask about Brazilian cocktails. … Continue reading →

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Banks get around Bonus Rules = less money to take back after risky bets go bad

Posted on February 15, 2014 by

February 13, 2014. Banks in London Devise Way Around Europe’s Bonus Rules. Jenny Anderson. New York Times. Since the 2008 crisis, regulators around the world have tried to rein in bonuses, worried that big payouts encourage excessive risk-taking by bankers … Continue reading →

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