Reader A.M. in Cocoa, Florida sent a link to a very interesting video clip about a solar/hydrogen powered house [1]. Coveting is a sin, but I must admit that I sorely wish that I had his sort of budget.
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Kevin A. recommended a piece of commentary by Darryl Schoon: Don’t Cry For Me Argentina… Save Your Tears For Yourself [2]
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Some escalation in the war of words in the nascent Cold War II: Russia Issues warning : Military help for Georgia is a ‘declaration of war’ [3], and Russia bans poultry imports from 19 U.S. suppliers [4], and
Russia may cut off oil flow to the West [5] . Thanks to readers KAF, Susan Z., and Mr. X, for the links.
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Derek C. notes that anyone interested in some light game theory reading, might consider a piece from the Cato Institute, on how fiat money emerges from a barter economy [6]. Derek describes it”: “The author’s (quite intuitive) point is that fiat money comes from convertible paper money, which in turn comes from actual commodity money, which in turn comes from barter. this transference arises because barter is an inherently unattractive form of exchange, because of high transaction and search costs. The article has implications for the re-monetization of precious metal commodities, following an economic collapse.”
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Anther Friday, another bank failure: Integrity Bank, in Alpharetta, Georgia [7]. There will be many more bank runs in the next few years, so be ready.