AGW-crowd : They are done

Lou “The Jew” Reed has a memorable phrase about whales in “The Last Great American Whale ” on the New York album :  ”- just stick a fork in their ass and turn’em over, they’re done.”   After having spent a couple of weeks diving into the state of the CO2 “Greenhouse” debate (AGW – [...]

A global economy needs a global currency

Said Paul Volcker. It seems like a tautology, too obvious to merit further scrutiny. But you guessed it, “free market” economists and globalist libertarians manage to be against it in the standard freudian Not-Invented- Here way of human progress. This time I came over Robert A Mundell’s lectures on the subject that may be a [...]

Thought experiment : The Torro

So Bernard Lietaer proposes a new global currency, the Terra, to be backed by a basket of  stable commodities. The Terra should ease currency risks, facilitate international trade, underwrite long term investement and leverage large scale infrastructure.  What is a basket of stable commodities ? Oil yoyos, uranium is a thin market, rare earth metals [...]

Ecosystem stability

I’ve been fighting to come up with the correct line of reasoning to fix the financial shambles.  The crises is probably more severe than both current “free market” economists can imagine and the general public can grasp. You shouldn’t provoke competent historians’ wrath by saying that the financial crises of 2008 is the worst ever. [...]

Ski nostalgia

So the world championchips in Nordic skiing in Liberec, Tcheckia is over. As a crosscountry aficionado, it’s easy to see that the current format has failed. Masstart, skiskating and crow jumping were introduced, they said, because audience was dwindling and sponsor money dried up. But organising 50km goose walk in dirty wet snow in a [...]