December 5, 2009
It could be currency collapse, an environmental collapse, a pandemic collapse, a food collapse, a water collapse, Energy collapse, a political collapse, or any number of Black Swan events – something somewhere too big to fail will fail. When that happens, it will take everything else down with it. After all, that’s what too big to fail means.
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November 21, 2009
I am amazed at how many of my friends say that they do not understand economics – then I visit their facebook page only to find all the trappings of advanced economic theory. Economics is the science of incentives and currency is the medium of exchange.
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