The World Motivation
In this age, if the currency of a major nation collapses, or its access to borrowing ends, it just can't function.
“In this age, if the currency of a major nation collapses, or its access to borrowing ends, it just can't function.”
In this age, if the currency of a major nation collapses, or its access to borrowing ends, it just can't function.
Many Russia experts note the deep and sad capacity of the Russian people for suffering.
The financial and economic crash of 2008, the worst in over 75 years, is a major geopolitical setback for the United States and Europe.
The Fed is the major U.S. firefighter. It's not the Treasury. It's not the Congress. We certainly saw that vividly in 2008.
The more Mr. Putin extends the fighting in eastern Ukraine, the more the financial markets will ratchet up their own pressure on Russia.
You cannot just keep borrowing more and more and keep spending more and more without eventually having a day of reckoning.
I always thought I'd buy my mother a house if I ever became successful - a big, beautiful house on the nicest street in town. It didn't exactly work out that way. I was still borrowing money from her in my 40s.
As I have said for many years throughout this land, we're borrowing money from China to buy oil from the Persian Gulf to burn it in ways that destroy the future of human civilization. Every bit of that has to change.
When you sample something, you're using the crutch of borrowing chords and melodies from a song that's already great, that's already stood the test of time, that's already special. When you're trying to do it all from scratch, you're writing something brand new that has to stand on its own.