China Halts Bank Transfers And HSBC Ends Limited Cash Withdrawls, Are We Sliding Into The Next Phase?

I know it’s happy Auckland day and all that but for the rest of the world it’s business as usual. So here are a few headlines  you might want to check up on: China stops bank transfers. HSBC (of Rockstar economy infamy) Was forced to end the limitations on cash withdrawals after it tired to […]

My Choice 1-11-2013

Here is my choice of news for 1-11-2013: On Obama: Obama knows nuttin! The Obama Administration is Forcing Insurance Companies to Keep Quiet About ObamaCare Problems On Cheney: According to Dick Cheney “Canada is Too Dangerous”. He Fears Arrest but has not Cancelled his Trip to Toronto On Privacy: Head of Congressional Intelligence Committee: “You […]

On Paying Back Loans, Diminishing Incomes and The Inevitability Of Economic Collapse Under The Current System

In order  not to have to start just yet on what can only be called the mother of all dishes after feeding about 25-30 people throughout the Sunday on what was a beautiful day with beautiful people celebrating our good fortune in life, I thought I’d put down a couple of thoughts about why we […]

Everything You Know About Money Is Wrong!

Some interesting observations about money from Washington’s blog. Bloomberg notes this week that the conventional theory of why money was created is wrong: There are, broadly speaking, two accounts of the origin and history of money. One is elegant, intuitive and taught in many introductory economics textbooks. The other is true. The financial economist Charles […]