ACC Archives

Tag: banking
European banks near ‘terrifying’ crisis: Raoul Pal (VIDEO)

Sure, “European banks.” All banks. People in America are just plugging along seemingly oblivious to the storm which continues to gather strength overseas and in some cases is already buffeting the United States. It is foolhardy. We have just gotten...

2008 Was a Crisis… It Was Not THE Crisis

Think of 2008 as a primer. A very difficult and disruptive primer. Nothing’s “fixed.” Markets never really cleared. Additionally, as is explained below, the now 0% interest rates are almost locked there as the cost of serving US debt by...

‘Ghost bank’ spooks Chinese savers

OK. So you go to the 1st Bank of Bankertown or whatever. You deposit a check. Take a little cash out. But you wake the next day to find – surprise – the 1st Bank of Bankertown isn’t actually a...

A Free Market in Money? (VIDEO)

In the effort to inject interesting economic thought into the discussion at ACC we present the following video by Jeff Deist recorded at the Mises Institute. This lecture will likely challenge many of your assumptions about money. Read more…

All Hail Our Banking Overlords!

Kodos and Kang actually run a currency hedge fund now. As I watch the calamity in Greece and the chaos in China I am struck by how much things have changed in 10 years. “Wealth” looks very different to many...

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