By mrees999 on Mon, Mar 7, 2016 - 1:57pm

Do you know what money is? Surprisingly very people actualy do. A history:

Do you know what money really is?

If a five year old asks -where does money come from?  How would you answer?  

  • From my bank
  • From my employer
  • From my investments?
  • Credit cards and loans?

Where do they get it?

  • From customers?
  • From rent?
  • Dividends
  • Loans?

And where do they get it? - See question 1.

It's a loop because it isn't taught in school. Even financial planners and many economist don't really know.


Blockchains and the new commodity of 'trust' - Crash Course

Verifiable trust without a third party


Trust is the new commodity. The Blockchain invention makes it possible to monetize trust.

Trust is the crux of the value in silver and gold. We trust that it will maintain its value independent of governments and banks, although we are learning how they work to control its perceived value.  We expect gold and silver will remain valuable because history has proven it over millennia.

By davefairtex on Wed, Jun 18, 2014 - 3:04am

Signs of Eurozone Bail-ins on the way, with timeline unknown

An indicator I developed a while back is starting to present a pretty clear picture of what life holds for bank liabilities in the eurozone.

When things go bad in a bank, when assets drop below liabilities, you can either increase assets (a bank bail-out by taxpayers injecting cash), or you can decrease liabilities - assuming you don't want all those bankers to actually lose their jobs in the unpleasantness of bankruptcy that would occur in real capitalism.

By davefairtex on Mon, Dec 23, 2013 - 2:20am

Final Cyprus Bail-In Amounts

In the David Collum interview there were some questions as to how much the depositor haircuts were in the Cyprus bank bail-in, for deposits over 100,000 euros.  The answer was provided about six months ago, the article here: