For honest money and social progress
Our world is currently suffering from acute schizophrenia. Banks are pushing impact and sustainable investing like crazy, companies are subordinating their production sites and…
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Defining a depression as opposed to a recession is open to wide interpretation Recessions are a natural part of the credit cycle Depressions…
Read More“The operation was successful but the patient died.” “Teach your kids about compounding: put your money in a savings account and watch it double…
Read More“A deeply disturbing account of the destructive potential of belief.” – Ammar Kalia, reviewing BBC Four’s Storyville: Jonestown – Terror in the Jungle. …
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The amount of negative yielding fixed securities has hit a new record The Federal Reserve and the ECB are expected to resume easing…
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Zero percent interest rates have created the largest bubble in human history, when it bursts it will be worse than 1929.
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To understand the consequences of the credit cycle, we must dismiss pure opinion, and examine the evidence rationally. This article assesses the fate of…
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Leading Federal Reserve policymaker Stanley Fischer has hit out at plans to unwind banking regulation, calling it a “terrible mistake.” President Donald Trump and…
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This article gets to the heart of why central banks’ monetary policy will never succeed. The fundamental error is to regard economic cycles as…
Read MoreCaesar: What sayest thou to me now? Speak once again. Soothsayer: Beware the ides of March. Caesar: He is a dreamer; let us leave…
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