Introduction
Today I would like to re-visit a subject that I have already covered twice. In When Gold is Worthless and Hyperinflation and Gold Bugs I argued that gold is not really the safe haven that some advertise it to be. My concern here is historical rather than economic, I am not interested in investment or [...]
Archive for December, 2008
Hyperinflation and Gold Stocks
Posted in History, tagged collapse, economy, finance, gold, gold stocks, hyperinflation, miners, mining, society on December 22, 2008 | 1 Comment »
Recommended Reading (1)
Posted in Miscellaneous, tagged Agriculture, articles, backwardation, Bloomberg, contango, decline, famine, farming, food, gold, gold fever, growth, national wealth, population, reading on December 16, 2008 | Leave a Comment »
A seven part series, ‘Recipe for Famine’, on bloomberg.com charts the effects of neo-liberal policy on agriculture in the third world:
Part 1: Dead Children Linked to Aid Policy in Africa Favoring Americans
Part 2: How Famine Lurked Behind Vienna Toast Where Joe Cocker Crooned
Part 3: World Bank’s ‘Wrong Advice’ Left Silos Empty in Poor Countries
Part 4: [...]
The Printing Press is a Harsh Mistress
Posted in History, tagged balance sheet, central bank, dollar, economy, Federal Reserve, gold, government debt, hyperinflation, inflation, monetary base, money on December 5, 2008 | Leave a Comment »
Is it possible to have a fiat currency that does not end in hyperinflation? In this post I will try to explain why the answer is a resolute No.
Irresponsible governments who print prodigious amounts of paper to fund expenses beyond their ability to carry the debt are certainly going to end with hyperinflation, as is [...]
Bacon on Usury
Posted in History, tagged Abrahamic religions, credit, debt, economy, Ezra Pound, finance, Francis Bacon, interest, money, oligarchy, usury, Utopia on December 3, 2008 | 5 Comments »
In Sovereign Credit is State Usury I mentioned a post about usury, the following is what I planned as the first section of that post.
Usury Forbidden
Although usury was invented in ancient Sumer all three Abrahamic religions prohibit the taking of interest on debt. In ancient times money was extended by the temples to the farmers, [...]
