Historical Archives

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Bitcoin has theory and history on its side

Bitcoin as a monetary concept is potentially a work of genius, and even if Bitcoin were to fail in its present incarnation – a scenario that I cannot exclude but that I consider exceedingly unlikely – the concept itself is too powerful to be ignored.

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Encore Broadcast: Crony Capitalism | Moyers & Company

“We now have an entitled class of Wall Street financiers and of corporate CEOs who believe the government is there to do… whatever it takes in order to keep the game going

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U.S. Senator Wants to Ban Bitcoin – To be Followed by Book Burning and Witch Hunts

Whenever you hear a politician say he or she wants to do something to “protect hard-working Americans,” you know this person is so full of shit that whatever proposal being peddled should be treated with extreme skepticism.

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Home Sales Follow Mortgages

On an unadjusted basis, the actual number of homes sold in January 2014 was 34k, which was only 6% more than January 2013.

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Ukraine Hryvnia Down 17% in Two Weeks as Run on Banks Intensifies; 7% of Bank Deposits Withdrawn in 3 Days

Ukraine's currency, the Hryvnia, has fallen nearly every day for two weeks straight.

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Gold and Reverse Repos

Despite now two doses of QE taper and much more confirmation that the FOMC will be committed to that course, gold prices have not collapsed.

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Those FOMC Transcripts: Watch Out Below

The initial stories across news channels were full of ridicule and indignation at the FOMC's real-time ignorance as banks and markets collapsed.

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Detlev Schlichter is back!

Yes, it is true. I am coming out of blogger retirement.

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Saxo Bank's Steen Jakobsen Warns of Global Economic Vacuum, China Slowdown, German Growth Negative, S&P Faces Big Correction

China will slow-down to 5% growth over next two-three years.

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Monetarism, Abenomics, QE: One Bad Idea Leads to Another, and Another

Telegraph writer Ambrose Evans-Pritchard is back at it. In arguably his worst article ever, Pritchard complains France is Looking Straight Down the Barrel of a Deflation Shock.

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