[Article] Ups and Downs: Optimism, Banking, and Secession
People are happier even as bank creation reaches zero and legislators of one U.S. state noodle how they might approach secession.
People are happier even as bank creation reaches zero and legislators of one U.S. state noodle how they might approach secession.
The flip side of markets going up together is that when the reversal comes they all go down together.
Alan Hall recently examined a large, newly released volume of data on the transatlantic servant trade. There he discovered — much to his surprise — a massive Elliott wave tracing back hundreds of years. His article explains the pattern, and explores the questions that must follow such a remarkable discovery. Namely: “Why?”, and “Doesn’t this suggest what may be next in the unfortunate history of slavery?”
The potential for decentralized, uncontrollable information systems and economies represents a huge threat to governments. As the largest debt bubble in modern history unwinds, socionomists expect to see many and varied attempts to dial up the repression … and an intensification of the inevitable backlash.
At the 2009 bottom, economists were a bundle of nerves. Now, after a two-year rebound in social mood, they’re extremely confident. What might this change signify?
“The economy is on the mend,” say experts, but their only rationale is that it was on the mend last year. What’s the flaw in this thinking?