by Raúl Ilargi Meijer William Henry Jackson Tunnel 3, Tamasopo Canyon, San Luis Potosi, Mexico 1890 The entire formerly rich world is addicted to debt, and it is not capable of shaking that addiction. Not until the whole […]
by John Rubino on January 22, 2015 Today the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with, in effect, a massive devaluation. Eurozone […]
By John Rubino In a very real sense, it is fractional reserve banking and not money itself that is the root of so many of today’s evils. Whenever fractional reserves are permitted, the banking system – […]
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