economics

commodity money

The subprime crisis represents massive unpunished malfeasance by financial intermediaries managing US dollars. This discourages people from using US dollars as money. In 2008 January, the fed drove real dollar interest rates negative – only slightly negative, but negative interest rates suggest an intent to inflate away the dollar denominated liabilities of financial intermediaries until the real assets cover the dollar denominated liabilities. In the ensuing two months, all commodities …

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Stop the @#$%^&* whining!

Yair Lapid self pityingly whines “why do they hate us?”, “us” being in this case the Jews, though it could equally well be any group that is economically successful and reluctant to murder innocents. What a maroon! It is same reason as they hate everyone, only more so. Just look at everyone else who gets hated then murdered. The most recent event was in Kenya, where a party won the …