Jesse's Café Américain

“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. For the traitor appears not a traitor; he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear. The traitor is the plague.” Marcus Tullius Cicero

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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