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David Gosselin's avatar

Why just focus on this crypto scheme?

The Western financial system is sitting on a quadrillion dollar financial derivatives bubble. There’s a new generation of MBS and other instruments waiting to collapse.

You don’t hear many people talking about solutions, like breaking up the banks (Glass-Steagall), shutting the Fed down and converting it into a National Bank for funding new generations of infrastructure and great projects, like the US used to do. We do hear about governments trying to introduce digital currencies and reduce food production by paying farmers to destroy their crops, or even going directly after people’s farm land, as we see in the Netherlands (under the insane lie of wanting to fight climate change).

I think people need to be thinking and debating in terms of the bigger picture, because this single issue stuff, whether digital currencies, banking, trade, none of it gets at the big picture.

Are we still allowed to talk about the big picture? It’s almost as if people are discouraged from doing so. And that fits perfectly well with our age of specialization where people can study trees and still know nothing about leaves. That’s what these discussions of the financial crisis sound like. We need a new global financial architecture.

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John Daly's avatar

Matt I admire this work above and beyond most everything else you do! Why? Because it’s so fucking HARD to read. And in this time of swatting at the nearest info-mosquito that’s got to be healthy. So I’ll knuckle down and do the work. You have. I salute you!

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