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Bottomless deflation
By:David A. Smith Spain is caught in a deflationary spiral, and as far as I can tell it is only getting worse. From positive money, 2010 When a delinquent entity whose solvency is in question is...
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Underground to overthrow: Part 1, More important than being legal
By:David A. Smith If the only way out of Prospero’s Europe is economic death, a people and a nation must and will change the rules, even to the point of seceding from formal society, as revealed in...
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Underground to overthrow: Part 2, The next step is prison
[Continued from yesterday’s Part 1.] By:David A. Smith As we saw in yesterday’s post, using a recent story from Bloomberg (December 5, 2013), ECB-imposed austerity has inflicted on Greece 25%+...
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Month in Review: November, 2013
By:David A. Smith [Previous Months in Review available here: Oct 13, Sep 13, Aug 13 Jul 13 Jun 13 May 13, Apl 13, Mar 13, Feb 13, Jan 13,] My friend Michael Mutter likes to say that one can become...
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Better to be franc?
By: David A. Smith Long ago I figured out that, when it comes to currency risk, never lend in foreign currency and never borrow in foreign currency. I would have thought this was obvious, but some of...
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The unexpected hanging: Part 1, Before it was pushed
By: David A. Smith The man was sentenced on Saturday. “The hanging will take place at noon,” said the judge to the prisoner, “on one of the seven days of next week. But you will not know which day it...
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The unexpected hanging: Part 2, Too many banks here anyway
[Continued from yesterday’s Part 1.] By: David A. Smith Yesterday’s Part 1 told half the story of an Austrian homeowner and acquaintance of columnist/ pundit David Frum. as described six months ago in...
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Bon viager: Part 1, Synthesis of tenure
By: David A. Smith Just as water and ice are two forms of the same molecules, lump sums and cash flow streams can be the same present values, one just transmuted into another. Over the decades,...
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Bon viager: Part 2, Synthesis of family
[Continued from yesterday’s Part 1.] By: David A. Smith In exploring the en viager model of tenure, prompted by a story on BBC News (1 July 2015), we’ve established that en viager, aside from being an...
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