The financialization cycle

The process of an economy shifting its optimizations from productive activity to the accumulation of money is called “financialization”. To add more confusion to the mix, people on the left-end (idiot-end) of the Midwit Curve can tell something is badly wrong and the game is being rigged, but can’t tell what forces are conspiring to […]

Asian Governments Making Social Moves Together

I expect Asian governments to manifest a low-key but characteristically firm and absolute (and often official) position against Islam. Actually, I don’t expect it, I’m watching it happen and just now recognizing a fairly uniform trend. Something is going on in Asia with regard to this, and I don’t know quite what it is, but […]

China: Yuan Will Be a Reserve Currency, Come What May

EDIT: Indeed, it has been made a reserve currency, or at least it looks like announcements have already been made to pave the way. The IMF is considering adding the Yuan to the group of reserve currencies. That would put it alongside the U.S. Dollar, the Japanese Yen, the English Pound, and the Euro in […]