Since the Bretton Woods Agreement in 1944 the dollar has been the world’s preferred reserve currency; i.e., the major trading nations of the world were willing to hold dollars in vast amounts to satisfy their [more…]
If this kind of theoretical reasoning seems too abstract, let us think about it more practically: Any public servant, any member of government, and even the leader of a nation, has very different motivations than [more…]
More writings by uncle, John Alldridge. This time he is reporting from South America in 1960 for the Birmingham Evening Mail – Jerry F I am writing this at a window seven floors up above [more…]
For decades already, one of the most popular and commonly employed attacks of Keynesians and other left-leaning economists was the one against the idea of “trickle down economics”. They ridiculed the notion that a rising [more…]
Here we go, with another foray into the world of chemical elements. As I’ve said, the plan is to make sure at least one element is included from each of the eighteen Groups of the [more…]
A good start Whatever one might think about which currency is better suited to be used in trade or as a benchmark or as a central bank reserve, the fact remains that the USD’s days [more…]
Here we are again, off on our elementary excursions. As I have mentioned before, I hope to ensure that at least one element is included from each of the eighteen Groups of the Periodic Table [more…]
Endless ink has been spilled by economists and financial analysts in their efforts to predict the impact of de-dollarization. As might be expected, most of those who embrace a US-centric view of the world and [more…]
Briefing 47, The Global Warming Policy Foundation. The Brink of Darkness: Britain’s fragile power grid by John Constable. I was prompted to reread the above yesterday by two things, one the receipt of a combined [more…]
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