Tag Archives: banking
Messing with Pakistan
This is, to the best of my understanding, the current state of US relations with Pakistan: The Obama administration, for a long time, has been dropping bombs in Pakistan in Pashtun territory near the border with Afghanistan. At the same time, we have payed the Pakistani government billions of dollars in military aid to keep [...]
jesus huerta de soto on banking
I just finished reading Jesús Huerta de Soto‘s masterpiece Money, Bank Credit, and Economic Cycles (English translation by Melinda A. Stroup). It does for banking what Mises‘ Human Action does for economics as a whole. The book delves deeply into the history of banking, the origins and genuinely fraudulent nature of fractional-reserve banking, and how [...]
Posted in economics Also tagged economics, fractional reserve banking, gold standard, jesus huerta de soto, roman catholic church Leave a comment
greece admirably cleaning up its act
Story here. Greece, finally learning the difficult lessons of financial sanity, is beginning to take serious steps toward balance. First, they’re offering some 6,000 islands for sale or long-term lease. Considering that the islands are for the most part just sitting unused, that’s an excellent idea. Some millionaires will own some islands, while Greece is [...]
Posted in bloated government Also tagged greece, islands, national debt, railroads, water 3 Comments
We keep bleeding money
It’s the opinion of this guy that our banking system cannot sustain its current path, and that the only way out is the US Federal Government defaulting on some of its obligations. The statistics show an utterly out-of-control debt and no sign of letting up on our incredible deficit spending. Our debt is currently at [...]
Posted in uncategorized Also tagged currency policy, fannie mae, federal government, freddie mac, hyperinflation, national debt, stimulus 1 Comment
greece and debt and all that nice stuff
I keep coming back to issues of national debt. That’s because the concept of national debt is one of the most important concepts anyone can understand. As I write this, by the way, US national debt is at approximately 12 955 billion dollars, or 117 744 dollars for each of us poor taxpaying saps. The [...]
Posted in uncategorized Also tagged debt, dick bove, greece, national debt, rochdale, taxation without representation Leave a comment
on the fed and full disclosure
The Federal government at its current pace is spending $3549 billion dollars per year–about $25,700 per taxpayer. The people who are having such great amounts of money taken from them occasionally get the pesky urge to know what that money is being spent on. Related Posts:US Bank System Collapsing in Slow MotionJim Quinn on the [...]
Posted in economics Also tagged 2008 economic crisis, bank cartel, bankruptcy, federal reserve, government, government spending, henry ford, inflation, taxation Leave a comment
economic news and commentary for today
Gas prices, banking risk management, and new FDA regs: Related Posts:Nassim Taleb on Foreign Policy, Banking, and the Parodoxical Dangers of Stabilization ProgramsMessing with PakistanWhat Gary North Didn’t Tell You about InflationRepublican debate, 3: Ron Paul’s use of reasoning vs. Rick Perry’s attempt at physical intimidationinflationary disaster: why we’re not there yet and why we [...]
Posted in economics Also tagged bailouts, chicago, fda, fdic, for your own good, gas prices, greed, july 2010, kathleen sebelius, nutrition information, regulation, risk management, the fed Leave a comment
some thoughts on usury
The post that started this train of thought is here. Summary of that post: there once was a Catholic clergyman of the 1400′s who was remarkably ahead of his times in terms of the capitalisticness of his thoughts. Despite all this, he was entirely against the charging of interest. Murray Rothbard, writing as an economist, [...]
Nassim Taleb on Foreign Policy, Banking, and the Parodoxical Dangers of Stabilization Programs