Tag: toxic credit

Money As Debt

Fascinating video about how money works, showing that money is actually nothing more than promises. So the correlation between keeping promises and financial health is made clear.

The Madoff Scandal

So, Bernard Madoff pled guilty and will go to jail. Not only do we taxpayers have to pay for his crime, but now we have to pay for his food and rent for the rest of his life. But that’s…


Something is very wrong, and the “authorities” are unlikely to fix it. Ostensibly, it is a financial crisis, and the financial world is surely a wreck. But the question we haven’t dealt with yet pertains to the kind of crisis…