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Why we need to lie to ourselves about the state of the economy

August 30, 2015

Why we need to lie to ourselves about the state of the economy Since 2007, global debt has grown by US$57 trillion, or 17 per cent of the world’s gross domestic product. Photo: Louie Douvis Like the characters in Samuel Beckett’s Waiting for Godot, the world awaits the return of wealth and prosperity. But the global economy […]

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An Insane Financial World

May 27, 2015

An Insane Financial World We know that most western governments are deficit spending, borrowing heavily, in debt beyond the point of no return and must increase taxes and appropriations from their citizens. We know that politicians will take the politically expedient path instead of addressing financial problems.  We know they will “extend and pretend,” delay, […]

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The Catastrophic Costs of Extend-and-Pretend Are About to Crush Europe

February 18, 2015

The Catastrophic Costs of Extend-and-Pretend Are About to Crush Europe Like a star which has expanded and now cannot maintain its grand state, Europe’s extend-and-pretend economy is now poised to experience a supernova implosion. The costs of ill-conceived policies are always paid by someone–usually those with the least political power. In ill-conceived wars, the costs are […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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