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But those are the years that matter - those are the beginning of the final years of this monetary system. It was during those bubble years that the GDP/DEBT disparity grew ever wider. And you know why? There is a trend, and not a good one at that. Look at the charts above. Is it...

Excuse me, but how did those assets increase in value so much these past few years? Let me give you a hint - mortgages are DEBTS, and they were given out like candy. Thus, asset inflation does not necessarily beget a "cushion" if that asset inflation relies on an overindebted market. Easy...

I would also add that the system of global wage arbitrage, and the creation and adoption of technologies to foster higher productivity and efficiency, as well as having the dollar as the world's reserve currency - especially in petroleum transactions has masked an otherwise GARGANTUAN...

Near future - within twenty years. I wouldn't rule out next week - but that probability is low - as low as twenty years is. So I guess somehwere in the middle? I'm in my late thirties and have just recently concluded that 20 years flies by. That's why I used the term "near." Diminishing...

This is what no one discusses. Not politicians, not economists, not central bankers. We are at the end of a monetary system, and the only logical conclusion is some sort of reset in the near future. A fiat monetary system requires a growing economy in order for there to be enough money...

SA, What do you think of this? Brazil VP says country should build nuclear arms http://www.breitbart.com/article.php?id=D9AUCIKG0&show_article=1 Is this the mere opinion of one Brazilian official, or was it a testing of the waters, a "trial balloon" to see what the diplomatic reaction...

drJ - I hope you're right. My concern is that more young children have so far died from this flu than is usual for the entire flu season. And viruses grow exponentially. We won't know for sure how bad this gets until January-February. quote: "Of the 86 children who have died since the...

We were only able to regulate during FDR's time because of Mellon's prior "liquidate everything" policy under Hoover. That brought the banks to their knees - and cleaned out a lot of rot - and that ultimately gave FDR the power to do something. The banks and hedge funds were prepared this...

And Zeus (reluctantly) was on the side of the Akhaians (Greeks) and Troy was destroyed. Bow to Zeus you infidel!!!! (If you think my post is silly, then you understand how silly yours looks to a lot of people here)

Similar laws exist in less developed countires. The only difference is in enforcement. Again, surplus determines a nation's living standard. And many developed nations today have a history of mercantilism. It was the first world that preyed on the third world - hence the headstart and...

In many ways the world already has outsourced wars to us. That's a strong argument for keeping the US dollar as a reserve currency. The world finances the debt of the world's police (US), and in exchange, we get to consume eveyone else's products, and get cheap oil to boot. The benefit to...

Look - I'm no fan of war. But those were baby wars compared to WWII. I'm talking War that settles the issue of who the hegemon is, who gets their debts wiped out, and who's currency is the reserve currency that gets to finance some major reconstruction after the destruction. A war that...

Chrstianity and Islam both have roots in Jewish bronze age mythology. If it wasn't for that charlatan Constantine - we'd still be worshipping Zeus/Jupiter. And Zeus/Jupiter is my kind of god - no other being has gotten more tail then HIM. After all, only the truly omnipotent have sex...

Interesting to note that in the end, it wasn't the federal reserve, the treasury, the congress, or even FDR that solved the Great Depression. It was an external variable. WAR In terms of a jolt to the economy - a major war has no equals. Debts get wiped out, manufacturing skyrockets...

good read - thanks

The Pentagon is well aware of Peak Oil, and the potential for future energy shocks. It has recently studied existing methods of converting coal to jet fuel - and even saltwater biomass. That's nothing new. But you have to remember that the military does not need a commercially viable...

There are two ways to view humanity. The snapshot approach, and the movie approach - from beginning to end. If I were an alien and I landed on this planet for a brief visit and casually looked around, I would likely agree with jem. But if I "watched" civilizations come and go on this...

The talented emigrate because they made a choice. These were their choices: 1) stay and fight the powers that be and create a better, lawful society - like the US founding fathers. or 2) get the fuck out and go to a society that's already at that lawful, meritocratic level. And why...

I went to law school too. But you neglect wealth surplus and how it is attained. Let's look at England. Great rule of law for centuries, admired by many. At the same time, she was the biggest thief on the planet for the longest time. She had a rule of law for her people and corporations -...

That same question has been asked for millenia by different people, at different times, in different parts of the world. And one thing all those people had in common? Their view that the rest of the world was barbarian. Kinda funny, if you ask me. But right now, due to the marriage of...