Why A Debt Based Financial System Will Always Fail In The Long Run
Paulette recommended a “must read” piece by Jim Willie that relates to derivatives and monetization (a.k.a. “quantitative easing”): Outline on Collapse End Game
Tom K. spotted this: Massive Celtic coins hoard found on Jersey. The story disingenuously ends with this statement: “The finders and the landowner have said that they want the hoard to go to the island and be put on display for the people of Jersey to enjoy.” They sound oh-so philanthropic and egalitarian. What the article doesn’t mention is that they don’t have any choice. Under the modern UK law, buried precious metal treasure troves do not belong to landowners or the finders–they belong to the government.
Items from The Economatrix:
Derivatives: Bank Downgrades Trigger Billions In Collateral Calls