Month: October 2017

Humans are hardwired to listen to authority. We’re tribal / hierarchical primates. Julian James makes the argument that the first Gods were actually dead kings whose authority we still craved. And it’s the nature of society that the people on top, either politicians or business leaders, want hero worship since it gives them power. I … Continue reading Tribal / Hierarchical Nature of Humans

By now, we probably all know central banks around the world have conducted/are currently conducting QE at an unprecedented level, as a percent of GDP or public and private securities holdings. And now with The Federal Reserve and Bank of England (BOE) hinting at quantitative tightening in the next quarter or two and European Central … Continue reading Sept 2017: Quantitative Tightening (QT) and US Liquidity Injection =/= Increase in Money Supply + Credit and Public & Private Sector Borrowing