Introduction. “If I owe you a pound, I have a problem; but if I owe you a million, the problem is yours.” John Maynard Keynes Keynes might have added: “and if we collectively owe each other trillions, the problem is ours.” In a previous post I discussed how the static nature of nominal debt has […]

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The problem with the standard model is it fails to explain both gravity and the other forces together, or to connect relativity with quantum physics. Let us assume that space is simply an expanded un-resolved probability field. And that time is what happens when probability waves collapse into particles in a particular space segment. In […]

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If Angela Merkel had been president of the US in 2008 and 2009, the Federal government would not have invested $700 billion to bail out the financial and automobile industries; she would have lent the money instead to New York and Michigan, forcing these states into bankruptcy and subsequently ejecting them from the dollar zone. […]

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It is clear to most observers that the Eurozone is in deep trouble. As the crisis deepens, a potential breakup is no longer considered a hypothetical “dark swan” outlier, but rather a very real and frightening possibility. This is leading savers and investors in “peripheral” nations to move their assets offshore, thus accentuating the crisis. […]

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It may seem counter intuitive, but they are not. What they are is “coherent” and the rules and proceses used to interact with them are consistent throughout; so even if you have to “learn” a new methodology of interaction, once you learn it, you are never surprised because it is applied commonly throught the user […]

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Why cash is debt. The invention of paper money is attributed to China around 806 AD, as a private substitute for a lack of copper. Its usage on a significant scale through public issuance was started in 1023 AD by the Song dynasty. Kublai Khan, by decreeing its acceptance on pain of death, and by […]

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