Quantitative Madness Here is where it began to go really bad. The largest Wall Street banks such as JP Morgan Chase, Wells Fargo, Citigroup or in London HSBC or Barclays, lent billions to their major corporate clients. The borrowers in turn used the liquidity, not to invest in new manufacturing or mining technology, but rather […]
Reducing Russian Influence in Europe By 1991, the US had managed to regain its military prestige – destroyed by Vietnam. This was the 2nd Gulf War, when Saddam Hussein of Iraq invaded Kuwait; and the subsequent defeat of Iraq by a US-led coalition. Immediately after that, the Soviet Union ceased to exist. It had broken […]
Since we are starting halfway into a movie, let’s clear up what we are going to write. The main story at the moment has to do with the turmoil in the Middle East, the destablization of the financial system along with an increase of terror globally. Why are these things happening? To understand the current, […]
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