How to surf the cycles of monetary systems

You might think that money is inherently something the government and central bank provide. But there are many different types of monetary system…

The Olympics, hard power, oil wars and the US election

The Olympics is all about soft power, but in the Middle East, hard power still dominates, with scary implications for energy markets and the global inflation narrative.

The Olympics of debt and delusion

In today’s issue: The opening ceremony would’ve been called a freakshow The Fed lives in a dreamworld of its own The insiders take the money…