Jesse's Café Américain

“Blood and power intoxicate; they help to develop callousness and debauchery. The mind then becomes capable of the most abnormal cruelty, which it regards pleasure; the man and the citizen are swallowed up in the tyrant; and the return to human dignity, repentance, moral resurrection, becomes almost impossible."
Fyodor Dostoevsky, The House of the Dead

Showing posts with label china Derivatives Default. Show all posts
Showing posts with label china Derivatives Default. Show all posts
16 March 2012

Episodes of Hyperinflation from Diocletian to Bernanke - How It Might Unfold Today

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Both hyperinflation and protracted deflation are extraordinary economic events. And it is telling that they are much more common in the 2...
15 July 2010

The Problem of Unresolved Debt in the US Financial System

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Michael David White has painted some dire pictures of the US housing market, but this one is shocking in its implications. Chart from A Blis...
06 October 2009

Guest Post: Tavakoli On the Reserve Currency Discussions

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Here is a commentary from Janet Tavakoli on the Robert Fisk article in yesterday's Independent. It is remarkably well grounded and thoug...
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