Why money isn't everything?
Because there's always one skill that you can master: creating more fiat debt at low interest rates and no longer matters who's Emperor.
Jesus Arturo Devesa
Why money isn't everything?
Because there's always one skill that you can master: creating more fiat debt at low interest rates and no longer matters who's Emperor.
When something implode?
When its output is no longer justified by its enormous cost structure.
What do a misguided optional strategy and a scientifically proven phenomenon have in common?
Both show wrong numbers in the short-term.
What is the most difficult place in the world to tell the truth?
Washington DC
Why the real-world economy have been swept away?
Because the collateral is largely worthless.
How to predict social crises?
Observing the level of complacency in the face of indebtedness.