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Olduvai III: Catacylsm
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The Italian experiment and the truth about government debt

The Italian experiment and the truth about government debt Money is a slippery concept. Today we think of it as paper certificates and coins. But actually, anything that is generally accepted in trade can be considered money. The rise of cryptocurrencies is demonstrating this truth. In wartime scarce but desirable and easily transported commodities such […]

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Iran Signs Oil Deal With Total, Deal Done In Euros

Iran Signs Oil Deal With Total, Deal Done In Euros As Airbus and Peugeot finally return to post-sanctions Iran, the trade-off is Iranian oil, with French Total SA taking the plunge in an agreement to buy up to 200,000 barrels per day of Iranian crude–but the catch is that sales will be in euros. Deals signed […]

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Signs Of Financial Turmoil In Europe, China And The United States

Signs Of Financial Turmoil In Europe, China And The United States As we move toward the second half of 2015, signs of financial turmoil are appearing all over the globe.  In Greece, a full blown bank run is happening right now.  Approximately 2 billion euros were pulled out of Greek banks in just the past […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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