Tag Archive for: liability

Moving from Gold-Redeemable to Irredeemable Currency

Moving from gold-redeemable to irredeemable currency

When we saw the following comment from a prominent otherwise-free-marketer, we knew it was time to write this article. “…the value of the Fed’s “liabilities”(which are so in name only) [scare quotes and parenthetic comment in original] bears only a very loose connection to the value of its assets.” This statement seems so simple. The […]

Defaults Are Coming, Market Report, 22 June

We are reading now about possible regulations for air travel. In brief: passengers might be forced to spend hours at the airport. Authorities will perform medical checks, including possibly needles to draw blood, no lounges, no food or drink on board the plane, masks required at all times, and even denied the use of a […]

Why Can’t We All Just Net Along

Can't We All Net Along?

Zero Hedge posted an article that asks an interesting question. Every European country owes money to other European countries. This creates a web of cross-linked debt. Instead of each country laboring under the full nominal amount, why don’t they just cooperate and cancel out everything but the net debt? This remainder would be very manageable […]