//
archives

Economics

This category contains 3 posts

The Populist Cry For Glass-Steagall


Is the New Glass-Steagall a Trojan Horse? The housing crash of 2008 wiped out over $6 trillion dollars in American assets and dropped household net worths by almost 40%.  Not only that but the banking debacle also cost an additional $26 trillion in bailouts and another $3.6 trillion in Quantitative Easing. The latter was to keep interest … Continue reading

Radiation and Rockets, Why I am Boycotting the London 2012 Olympics


Radiation and rockets at the London Olympics you ask? Yes, more than 7,000 tons of radioactive debris pushed just to the side to build the Olympic stadium and anti-aircraft missIes anchored on the rooftops of private London residences. War games, military and private security forces patting down the throngs at a cost of £1 billion ($1.54 … Continue reading

Suicide by Central Bank from Athens to America and All Around


This morning I woke to the story of a 77 year old retired Greek pharmacy owner whom had chosen to commit suicide near the Parliament building in Athens the day before. After devastating austerity measures, his pension decimated he had lost all hope of continuing. His suicide note read as follows, “The Tsolakoglou government has … Continue reading