This was originally posted on September 22, 2020 on my old blog and is ever so slightly updated. Exxon et al. are on track for a bailout that will make the financial rescue of ‘08 look like handing a lollypop to a child.Oil companies – no matter what you think of them – create an […]
Continue ReadingOne-sided currencies and banking
In the modern banking system money is created through lending. For every dollar in existence there is a corresponding amount owed.[1] By and large, in the commercial banking system S≠I, no money is transferred from savers to investors. One way to describe this phenomenon is that banks print money out of thin air. That may […]
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Social Media The Anti-Social side of Social Media On the surface social media seems to be an extension of how we socialized pre-internet. Even the name itself leads us to think in that direction. We used to get together on birthdays, holidays etc. and take each other’s temperature on various issues. Going on-line seems just […]
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