About The Monetary System
Interview with Pax Press Agency at United Nations HQ in Geneva on 15/11/16
When the caustic Evelyn Waugh visited the majestic sixth century creation of Emperor Justinian, one subsequently enlarged, enriched and encrusted by various rulers, he felt underwhelmed. “‘Agia’ will always win the day for one,” he wrote of Istanbul’s holiest of holies, Hagia Sophia, in 1930. “A more recondite snobbism is to say ‘Aya Sofia’, but…
What is without question the worst mass shooting in New Zealand’s history took place on Friday when shooters, 28-year-old Australian Brenton Tarrant among them, opened fire at two Christchurch mosques. Four, including Tarrant, have been arrested for the heinous act, which claimed at least 49 innocent lives. Tarrant was responsible for killing more than 40…
Eric Zeusse’s work is invariably thought-provoking, well-researched, and far more credible than most mainstream reporting. Unfortunately, in his otherwise excellent article “All ‘Islamic Terrorism’ Is Perpetrated by Fundamentalist Sunnis, Except Terrorism Against Israel,” Zeusse commits two grave errors. The result is a grotesque calumny against Sunni Islam. Zeusse’s first error is to label the alleged…
Now that we’re post-FOMC and ECB we have a clear playing field for another 6 weeks. The US debt ceiling theater is now center-stage along with completing the transition away from LIBOR, which will become an anachronism at the end of Q2. SOFR will be the law of the land in the US come July….
Jordanian ruler Abdullah I bin Al-Hussein gloated in 1924 when Mustafa Kemal Ataturk, the visionary who carved modern Turkey out of the ruins of the Ottoman empire, abolished the Caliphate. “The Turks have committed suicide. They had in the Caliphate one of the greatest political forces, and have thrown it away… I feel like sending…
Lost in all of the geopolitical noise are some basic concepts of economics. It’s no secret that China’s economy has been built by their openly mercantilist economic policies. Mercantilism is, oddly enough, President Trump’s dominant economic philosophy. It involves protection of domestic producers through high barriers to foreign investment and a cheap currency created through…