Category Archives: Global Currencies
Glocal Econ 19: Caribbean Conspiracies and Canadian Austerities
Homework Due: Web of Debt Chapters 39 & 40 Wizards of Money 19: The Education Sweepstakes Extra reading: A 2020 Vision: extended outline Web of Debt Blog: Oh Canada! Imposing Austerity on the World’s Most Resource-Rich Country Extra listening: David … Continue reading
Glocal Econ 11: Fiat Paper Tigers and Chinese Miracles
Homework Due: Web of Debt Chapters 26 & 27 Wizards of Money 12: The Imperial Budget and the Mythical Lock-Box Chris Martensen’s The Crash Course Extra credit: Zeitgeist Moving Forward or Unwelcome Guests Episode 573: I Spit in the Face of … Continue reading
Glocal Econ 10: Vulture Funds and Flying Monkeys
Glocal Economics 10: Random Notes and WoD Questions Definition of Economics: A system of incentives and disincentives through which a community governs itself without resorting to physical force. A community can be a world, a country, a state, a county, … Continue reading
Glocal Econ 9: Ponzi Schemes and Petrodollars
Questions for Chapter 20: Hedge Funds and Derivatives: A Horse of a Different Color What’s the difference between a hedge fund and a margin account? How do hedge funds make “absolute returns” (like absolute numbers in math) that make a … Continue reading
Greece and the Secrets of the Temple
Jon Stewart did a riff on the Greek riots here: The Daily Show – Grecian Burn Get More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook Followed by this explanation of the credit default swaps: The … Continue reading
Class 5: Money as Terrorism, Balance or Flow
Homework due: Video: The Money Masters, Part 2 of 2 Reading: Web of Debt, Chapters 8, 9 & 10 Audio: Smithy’s Wizards of Money, episode 5: Monetary Terrorism For extra credit, read the interview of Eustace Mullins and address whether … Continue reading
Class 4 – Debt as a WMD
Homework Due: Videos: Extended Confessions of an Economic Hit Man, parts 1-3 by John Perkins. The video that follows these three, translated into Arabic, is mostly redundant. But it’s interesting to imagine how Middle Easterners would hear this information about … Continue reading
Class 3 – Web of Debt Questions, Ch 6 and 7
Chapter 6: Pulling the Strings of the King: the Moneylenders Take England How did Queen Elizabeth avoid the usery trap when the supply of money contracted after she tightened the usery laws? What legal precedent did her actions set? Which English … Continue reading
Class 2 – Risky Business without the Risk
This week’s assignments are: watch the movie Inside Job listen to Wizards of Money episode 2: Financial Risk Transfer read Web of Debt, Chapter 3: Experiments in Utopia: Colonial Paper Money as Legal Tender, Chapter 4: How the Government was … Continue reading