Stratfor: Europe takes another step towards a cashless society

Summary: Stratfor describes Europe next step towards a cashless society, and why they are making it. This is one of the largest increases in government power since the invention of fiat currencies and the income tax. Watch this process, perhaps coming soon to America. {1st of 2 posts today.} A World Without Cash Stratfor, 29 … Continue reading Stratfor: Europe takes another step towards a cashless society

Bitcoin, the deep web, & the big conflicts of the 21st C

Summary:  The e-conflicts have begun with the development of e-currencies, e-markets, and even e-wars. History tells us that people often don't see the major trends of their time, either lacking perspective or distracted by more cool but less important phenomena. So it is today, as bitcoin gets the most attention while dark e-markets change the … Continue reading Bitcoin, the deep web, & the big conflicts of the 21st C

Why the Swiss National Bank’s broken policy matters to you

Summary: Why should we care about the problems of the Swiss National Bank and their currency management policy? Because they grapple with two of our time's great economic policy issues -- both important to us: the strength of a nation's currency and the credibility of its central bank. We should watch and learn from their … Continue reading Why the Swiss National Bank’s broken policy matters to you

Today began the next phase of the great monetary experiment, as reality plays a trump card.

Summary: Today began the next phase of the great monetary experiment, the collision of Central Bankers' bold promises with reality.  History suggests skepticism about the odds of CB's success (e.g., see the many unbreakable currency pegs and unions which broke). Today the Swiss National Bank folded its cards. Here we discuss the significance of this … Continue reading Today began the next phase of the great monetary experiment, as reality plays a trump card.

The lost history of money, an antidote to the myths

Summary:  With monetary policy at center stage of economic policy, we're manipulated by myths about the history of money.  The truth is out there, for those that seek it. As in this excerpt from a recent IMF report. Contents Introduction History of money United Kingdom United States Summary About the Authors For More Information Excerpt … Continue reading The lost history of money, an antidote to the myths