States have been going bankrupt since we created them. What does that have to do with the currency or their sovereignty? Stop with the Chicken Little story. And this is not Maya. [...]
Euro discussion makes things worse
Commodities during a malaise
Since 9/11 the Fed has been injecting significant liquidity into the market, driving down interest rates and the dollar. Both increase commodities as an attractive asset, partly because most commodities are traded in US dollars. [...]
Complexity and the financial crisis
In the financial crisis, we are not watching complexity at work; we are watching bureaucracy crumble that long ago successfully destroyed complexity. Complex systems are self-organizing and robust; they are duplicative and competitive. Our governments represent the antithesis of complexity, and they are causing this mess. [...]
Kyle Bass does the math on Japanese debt
Japan is the first nation to enter the point of no return unless it restructures. It has the largest debt, the lowest fertility rates, and its population is now in decline. [...]
Western government debt projections
The BIS has compiled debt projections for selected western nations. Here are some of them. [...]