Tag Archives: banking

See the Whole Picture

In concept, debt is an obligation to pay. When too much debt piles up, servicing the debt absorbs economic productivity. There is no growth, so the system begins grinding to a halt. Nobody in their right mind can imagine all … Continue reading

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Bank On It

Deutsche Bank (DB) has been in the news recently. To summarize, it’s about the biggest banking outfit in Germany and operates in several other countries. This bank is struggling with keeping enough cash flow to serve all their various legal … Continue reading

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Can’t Afford Materialism

I can recall serving in the military when it was called “peace time” and all we did was train. In those days, our senior battalion maintenance officer said something to a group of us about what a wonderful thing it … Continue reading

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The Cult, Part 3

The cult is not Judaism. Up to now what I’ve said about Judaism is pretty much what you might learn at any evangelical Bible college or seminary. It’s hardly controversial and attracts very little attention because there’s simply way too … Continue reading

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Background on Greece and Debt

First: Let’s remind ourselves that Greece is a county like other countries in that there are lots of people with conflicting desires, plans, hopes and dreams. I’ve often panned the Greeks in historical terms for poisoning the world with their … Continue reading

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Here It Comes (Updated)

Just a quick note for astute regular readers: Holy Cynicism Time. On a busy weekend night when folks were likely out celebrating Valentine’s Day, the NYTimes reports a story about bank hacking that saw major losses that could rise to … Continue reading

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Syria Follies Not Over

More and more ships and other military assets continue gathering off the Syrian coast. Both US and Russia are moving stuff around. Currently the congressional leadership are all on board with this. Since the first lie didn’t work to excuse … Continue reading

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Financial Cataclysm

The US government as we now experience it daily will soon end. I can’t predict how much of a change is coming, but there is a sense in which it will collapse and be replaced. This will happen even if … Continue reading

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Cloud Bank

Can you weather the storm? Perhaps with the outrage in Cyprus with the banking situation, you now realize how tenuous is your control over whatever you have deposited with your bank. Without warning, the whole thing can be frozen and … Continue reading

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