Super Mario Draghi’s Day of Reckoning Has Arrived

“Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.” -- Mario Draghi July 26th 2012 No quote better defines Mario Draghi's seven-plus years as the President of the European Central Bank than that quote. Draghi has thrown literally everything at the … Continue reading Super Mario Draghi’s Day of Reckoning Has Arrived

Bill Browder Strikes Back in Europe

"I am altering the deal. Pray I don't alter it any further." — The Empire Strikes Back Since Vladimir Putin brought up Bill Browder’s name in Helsinki events have escalated to a fever pitch.  Russia is under extreme attack the U.S./European financial and political establishment. And part of that push is coming from Browder himself.  … Continue reading Bill Browder Strikes Back in Europe

The Necessity of Bitcoin as Reserve Asset

Yes, I said necessity.  In a recent issue of the Gold Goats ‘n Guns Newsletter I described Bitcoin as “The Mutation That Saved Money.”  In that piece I argued that Bitcoin was born out of the extreme fraud of the financial system under Greenspan and Bernanke. Leverage ratcheted up post-Y2K to levels which could only … Continue reading The Necessity of Bitcoin as Reserve Asset

More Crypto-Idiocracy: Conflating the Extreme as the Norm

People hate change.  They also allow themselves to be swayed by the first or second thing they hear about something new that confirms their bias for or against it.  Once that happens, they simply run with that as a justification for why they don't like something and never move off that position. In libertarian circles … Continue reading More Crypto-Idiocracy: Conflating the Extreme as the Norm