Jesse's Café Américain

"In the Incarnation the whole human race recovers the dignity of the image of God. Thereafter, any attack, even on the least of men, is an attack on Christ, who took on the form of man, and in his own Person restored the image of God in all. Through our relationship with the Incarnation, we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our solidarity with all mankind."
Dietrich Bonhoeffer

Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts
28 October 2009

About The Jobless Recovery ....

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For the first time we had a 'jobless recovery' after the tech bubble bust thanks to the wonders of Greenspan's monetary expansio...
19 January 2009

Some Thoughts on the Debt Disaster in the US and UK and Possible Alternatives

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This is a rather important essay in that it nicely frames up the problem that we face, and the constraints on the remedies at our disposal. ...
18 January 2009

The Fed is Monetizing Debt and Inflating the Money Supply

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Here are the latest figures on the growth of the various money supply measures. See Money Supply: A Primer for a review of measures and the...
15 January 2009

The Worst Is Yet to Come (But We Beat the Numbers) - J. P. Morgan

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Interesting quotes from Jamie Dimon, CEO of J.P. Morgan, the Fed's instrument of policy, their house bank , king of the derivatives pyra...
26 December 2008

Ponzi Nation

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America has become more a debt 'junkie' - - than ever before with total debt of $53 Trillion - - and the highest debt ratio in histo...
03 November 2008

The Next Bubble: Treasury Borrowing for Quarter to be $408 Billion More Than Expected

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A tsunami of reserve currency debt issuance, coming soon to an economy near you. MarketWatch Treasury expects to borrow record $550 billion ...
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