‘Bitcoin’ is an interesting example of the future of money. Bitcoin is a non-asset backed and non-state controlled money. With the Fed destroying the value of our money it comes as no surprise that we should start to see such experiments as these. I tend to be skeptical of such non-asset backed currencies, but it […]
The best laid plans of mice and men— Are worthless then, now, and again. Man plans, God laughs; tides rise and ebb; For spinsters weave such gilded webs… The rain will come, despite his plans; Quakes will shake the toughest land; And though man tries to own his fate, A firm grasp of sand shall […]
There perhaps is no more apt analogy for our current financial crisis than the USS Titanic. Mr Ismay with his fateful line “when can we get underway, dammit!” embodies current American sentiments like “we can’t let this crisis slow us down,” “how can we fix this?” and “the USA’s banking system is just too robust […]
