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China’s “Controlled Explosion”

Chris Temple 0

Having blown what are widely seen as being the world's biggest NEW bubbles (relative to the size of its economy) since the 2008 global financial crisis, China has belatedly decided that it wants to try introducing a measure of sanity into its system. In part, it no longer seems willing…

UNDERSTANDING THE GAME

Chris Temple 0

(NOTE: New/returning subscribers will now receive the NEW/EXPANDED VERSION!!) Though nearly a decade old, Chris' "signature presentation" here remains the best primer on the nature of our markets you will read ANYWHERE. Once you have read this, you will know more about what makes this whole crazy system "tick" than…

The REAL Cause of Enron’s Collapse

Chris Temple 0

When energy giant Enron imploded in scandal and financial ruin, too many described it as a tale of political cronyism, greed and whatnot. The truth was deeper than that: Enron collapsed because it had turned itself into the poster child for what is wrong with the fractional reserve system and…

Real American Heroes

Chris Temple 0

Once upon a time in America, there was a thriving middle class; citizens able to enjoy "The American Dream" because they had good, stable jobs that paid a living wage.  One of the great advocates of "A Square Deal" for his workers was the industrialist George F. Johnson, whom Chris…

Noam Chomsky on Debt

Chris Temple 0

This is an oldie but a goodie, where the noted linguist demonstrates why his articulate views are also solicited on subjects of social and economic importance.  Here, among other things, Chomsky explains the social costs of burdensome debt.NOAM CHOMSKY ON DEBT

Why Glass-Steagall HAD to be Repealed

Chris Temple 0

It's been nearly 15 years since this key Depression-era legislation was repealed by a Republican Congress and Democrat president.  The reasons why the banks were pushing for Glass-Steagall to be deep-sixed became evident with the monstrous mortgage and derivatives boom--and BUST--of ensuing years. Chris predicted the course events would take; a…

Ithaca HOURS–Community currency alternative to Bitcoin

Chris Temple 0

(NOTE: Chris will be updating the Ithaca HOURS story and adding a LOT to it in his upcoming Special Report entitled "Building an Economic Lifeboat.") Years ago, Chris wrote of a wonderful new--and successful--experiment to create "an economy within an economy" in the beautiful, rolling farmland and lakes area in…

Restructuring the U.S. Economy–Downward…by Dr. Kurt Richebacher

Chris Temple 0

Here, the late Dr. Richebacher -- via this commentary from late 2006 carried anew in a recent mailing from The Daily Reckoning (www.dailyreckoning.com) and reprinted with permission -- explains the end result of years' worth of credit excesses. Richebacker -- Restructuring the US Economy Downward