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Reinventing Banking: From Russia to Iceland to Ecuador

Reinventing Banking: From Russia to Iceland to Ecuador Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself. Among other interesting news items: In Russia, vulnerability to Western sanctions has led to proposals for a banking system that is not only independent of the […]

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The Political Consequences of Financial Crises

The Political Consequences of Financial Crises LONDON – I may not be the only finance professor who, when setting essay topics for his or her students, has resorted to a question along the following lines: “In your view, was the global financial crisis caused primarily by too much government intervention in financial markets, or by […]

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Where Candidates Fear to Tread

Where Candidates Fear to Tread That the snarkier circles of political commentary thrill to the elephantine bellowings of Donald J. Trump only shows the pathetic limitations of the snarkists. They enjoy Trump’s filterless mouth, his harsh goadings of the other presidential wannabes, and his supposed telepathic empathy for the suffering public outside the magic kingdom […]

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European Leaders Promise The Greek Debt Crisis Will Be Resolved One Way Or Another On Sunday

European Leaders Promise The Greek Debt Crisis Will Be Resolved One Way Or Another On Sunday The wait will soon be over.  Greece submitted a final compromise plan to its eurozone creditors on Thursday, European finance ministers will meet on Saturday to discuss the proposal, and an emergency summit of all 28 EU nations on […]

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Our Social Depression

Our Social Depression This erosion of opportunities to complete life’s stages and core dramas is rarely recognized, much less addressed. The consequences of economic stagnation are not limited to finance: stagnation is causing a social depression. We can best understand this social depression by examining how the natural stages of human life are being disrupted. Each stage has […]

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Recovery, Geopolitics and Detergents

Recovery, Geopolitics and Detergents Increasingly over the past year or so, when people ask me what I do, and that happens a lot on a trip like the one I’m currently on in the world of down under, I find myself not just stating the usual ‘I write about finance and energy’, but adding: ‘it […]

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Russia to launch alternative to SWIFT bank transaction system in spring 2015 — RT Business

Russia to launch alternative to SWIFT bank transaction system in spring 2015 — RT Business. Russia intends to have its own international inter-bank system up and running by May 2015. The Central of Russia says it needs to speed up preparations for its version of SWIFT in case of possible ”challenges” from the West. “Given […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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