Tag: debt
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Financial Götterdämmerung
So the Europeans killed the Europe-Greek negotiations today because of the Greeks’ insolence to ask their citizens for approval. Insolent, no doubt: @yanisvaroufakis Democracy? You crazy Greeks. It’ll never catch on. ;) — Roland Yanez (@rolandyanez) June 26, 2015 But why? If you cut through all the clutter, there’s a simple explanation: The powers-that-are need…
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The news is suddenly coming fast and furious
Many people have pointed out instabilities in the (financial) system and associated political and international arrangements. Since 2008, lots of money has been spent/printed, and lots of arrangements have been made to keep the system running, but it is doubtful that the instabilities have indeed been dramatically reduced system-wide. If they haven’t, how would we…
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Between here and 2020: economic headwinds or worse
You and I and everybody we know, we all think we own a bit of money. It must be true, because we worked hard for it, we put it into the bank, and there it is. It says so on the bank statement. Some have a bit more money, some less, but there’s something. If…