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LinkedInSomething interesting is happening in Greece, according to the folks at the Daily Bell, and it was entirely predictable. It seems that the Greeks in their desperation have, at the local level, abandoned the euro as the medium of exchange for barter, and, more importantly, alternative currencies. Indeed, I have blogged on this site previously about alternative currencies as a mechanism for avoiding the central bank private money monopolies. But there is a catch in the case of the Greeks, and The Daily Bell points it out: Barter and Alternative Currencies Growing in Greece The Bell is … [Read more...]
WHAT’S WITH ALL THIS SUDDEN RUSH TO “TRANSPARENCY”?
September 3, 2012 By
As you all probably know by now I like the folks over in the UK at The Daily Bell, though I am not on the adoring bandwagon of all things in the Austrian School of economics as are they. But there were two articles that really caught my eye. Article number one was about the new "transparency" at America's deepest cesspool of corruption and unearned oligarchical privilege, the Federal Reserve: Federal Reserve Emphasizes Transparency, as If It Matters ... Then there's the new "transparency" concerning the death of Osama Bin Laden (remember him? The man who, like General Kammler, died no … [Read more...]
THE ALCHEMICAL GOLD STANDARD
February 8, 2012 By
As you know by now, I am a subscriber to that wonderful electronic newsletter from Great Britain, The Daily Bell, and often write and comment about their articles here, and I had to say something about this one: A Gold Standard Is Good? We note of course the story we have covered here in previous blogs, namely, the move of the Asian powers - China, Russia, Japan, and India, and more recently, Iran, away from the dollar as their reserve currency, to direct currency exchanges, and not, according to The Daily Bell, rumors that they will also partially base their trade on gold. But there … [Read more...]