Jamie Dimon And The Fall Of Nations

Excellent article here by Simon Johnson, the former chief economist for the IMF and a professor at MIT’s Sloan business school.  I think the following paragraph pretty much summarizes the root cause of America’s decline into Banana Republic status… The historical evidence is overwhelming. Many societies have done well for a while – until powerful … Read more

Volcker Urges Global Financial System Overhaul with More Power to the IMF!

My Take:  This is a very important article from Bloomberg.  Paul Volcker, who is known for crushing inflation in the early 1980’s by spiking interest rates into the double digits, is seen in many circles as perhaps the best U.S. Central Banker of the modern era.  As a guy who was willing to take the … Read more