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The Path to the Final Crisis
The Path to the Final Crisis Reader Questions on Negative Interest Rates Our reader L from Mumbai has mailed us a number of questions about the negative interest rate regime and its possible consequences. Since these questions are probably of general interest, we have decided to reply to them in this post. The NIRP club […]
Hillary’s Scary New Cash Tax
Hillary’s Scary New Cash Tax Have you heard of “negative interest rates”? It’s become a phenomenon with economists and the media. There’s a good chance you’ve read an article about it. We’ve covered it many times in the Dispatch. I’m writing to tell you something about negative interest rates you haven’t heard. You certainly […]
Horror Stories Emerge After A Cursory Look At Chinese Corporate Leverage
Horror Stories Emerge After A Cursory Look At Chinese Corporate Leverage By now it is common knowledge that China has a major debt problem at the macro level, one which may be even bigger than expected because according to at least one analysis by Rabobank, China’s most recent debt has soared from the infamous McKinsey level of […]
2016 Theme #3: The Rise of Independent (non-state) Crypto-Currencies
2016 Theme #3: The Rise of Independent (non-state) Crypto-Currencies This week I am addressing themes I see playing out in 2016. A number of systemic, structural forces are intersecting in 2016. One is the rise of non-state, non-central-bank-issued crypto-currencies. We all know money is created and distributed by governments and central banks. The reason is simple: […]
Living a Lie
Living a Lie “Above all, don’t lie to yourself. The man who lies to himself and listens to his own lie comes to a point that he cannot distinguish the truth within him, or around him, and so loses all respect for himself and for others. And having no respect he ceases to love.” – Fyodor […]
A Question of Money – Interest – Bankers
A Question of Money – Interest – Bankers QUESTION: Mr Armstrong, interesting article today, the story of the store of value (at least long term) has always confused me. One can look at saving accounts also as an asset as it yields the interest payment and one relinquishes the access to the money. No difference […]
Japan projects to spend 43% of tax revenue just to pay interest on the debt
Japan projects to spend 43% of tax revenue just to pay interest on the debt It’s entirely possible that we may see interstellar space travel in our lifetime. And what a dream that would be. But in the meantime, for anyone that’s losing patience with space technology, I would recommend you visit Japan. Because for […]
The Mainstream Money Mess – three aspects… and what they mean for new money-forms
The Mainstream Money Mess – three aspects… and what they mean for new money-forms Background This article looks at three of the most poisonous aspects of Mainstream Money from the perspective of a currency designer exploring new money-forms: i) the interest on debt – 97% of money issued is created as interest bearing debt with […]
Understanding what propels the World Economy is mandatory to comprehend its Demise
Understanding what propels the World Economy is mandatory to comprehend its Demise Banking has existed for a long time. The idea of debt dates back to the ancient world, as evidenced for example by ancient Mesopotamian clay tablets recording interest-bearing loans. Far too many people attribute our financial doom to fractional banking etc. They are actually […]
