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Olduvai III: Catacylsm
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Eugen Bohm Von Bawerk: Greenspan, The Sheepherder

EUGEN BÖHM VON BAWERK: GREENSPAN, THE SHEEPHERDER It is common knowledge by now that Federal Reserve Chairman Alan Greenspan oversaw, enabled and approved of, a major transition in the US economy. His infamous “Greenspan-put” in which his actions at the central bank would be driven, if not dictated, by the whims of financial markets, clearly […]

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Steen Jakobsen: The End Of The Debt Cycle

Steen Jakobsen: The End Of The Debt Cycle As transformational as the fall of the Berlin Wall As we’ve been watching closely, something is wrong with the big banks. Their shares have lost 25-33% of their market value since the beginning of the year. What’s going on? The turmoil seems greatest in Europe, where bank […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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