In “Moby Dick,” Herman Melville makes our murderous obsessions, our hubris, violent impulses, moral weakness and inevitable self-destruction visible in his chronicle of a whaling voyage. He is our foremost oracle. - 2014/04/13
The concept of retirement is a fairly modern one. In fact, we can argue that only one generation actually got to enjoy a long and relatively healthy stay in retirement over a mass population. For most of history, life and work went hand and hand and people retired essentially when they keeled
Since the financial crisis, central banks have slashed interest rates, purchased vast quantities of sovereign bonds and bailed out banks. Now, though, their influence appears to be on the wane with measures producing paltry results. Do they still have control?
The U.S. is in the midst of a private debt crisis. As of March 2014, American consumers owe $11.52 trillion in debt, an increase of 1.6% from last year. The average household owes $7,115 on their credit cards and the average indebted household owes $15,252. Americans owe $8.05 trillion in mortgages (the average mortgage debt being $152,209) and $1.08 trillion in student loan debt. When combined with corporate debts the U.S. owes about $28 trillion in private debt.
With seven billion people on the planet, the system as it is currently managed can't possibility continue to support the daily needs of the world's population. The solutions that have been presented over the course of the last half century fall far short of providing any meaningful results, despite the treasure spent and liberty stripped. Slowly but surely we are approaching Peak Civilization...
Videos of bison seemingly fleeing Yellowstone National Park in Wyoming have sparked concerns among some bloggers that recent seismic activity could trigger the eruption of the park’s so-called supervolcano. According to
Argentina is suffering the ravages of government debasement of the currency -- i.e., inflation, the process by which government pays for its ever-increasing debts and bills by simply printing more paper currency. The expanded money supply results in a lower value of everyone’s money, which is reflected in the rising prices of the things that money buys.