It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford

Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin

The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Wednesday, 29 June 2016


It seems everything that happens in this world – Brexit is just another event in a long list of such events – pumps up the prices of government bonds and pushes down their yields, as frazzled central bankers resort to lowering rates even further and buying even more bonds, to counteract the very forces that their harebrained, scorched-earth policies have unleashed, and as investors no longer know where to turn to, in a landscape where nearly all assets are ludicrously overpriced and infested with risks. And no one knows how to back out of it without blowing up the whole system.

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