Kenneth Rogoff’s The Curse Of Cash is filled with drivel about why cash should be abolished. In the end, it’s just his political point-of-view; it has nothing to do with economic or financial considerations. The Wells Fargo scandal. More on subprime automobile loans which are gradually spilling over into the rest of the economy in which the debt is spiraling out of control. George Soros is a demented billionaire, by his own admission. Listen to the details. It’s rather scary. Why the unraveling of the debt will be so painful. More on the crisis of homelessness in America. Huge drop in the ISM services gauge.
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