And if Russia Defaults?

This Wednesday, Federal Reserve Chair Jerome Powell will address the world to likely announce the raising of interest rates. With the first rate hike in several years and the promise to reduce the balance sheet later this year, the stage for 2022 will be set. Also tomorrow, per CNN:

…Moscow needs to hand over $117 million in interest payments on dollar-denominated government bonds…

Russia owes foreign creditors in US Dollars, yet at the same time:

A Review of Nik Bhatia’s Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies

For understanding our modern monetary troubles, Nik Bhatia’s pamphlet-sized book from last year hits exactly the right intersection between money and banking, between the past and the future. Clocking in at around 150 pages of easy prose, it’s accessible but not dumbed down, revealing but not inaccurate. It has a simple framework that Bhatia explains and explores with great expertise.

Dr. Thomas Szasz’s Campaign against Psychiatric Coercion and the “Therapeutic State”

During the Cold War, people were shocked to see the Soviet Union lock up dissidents in state mental institutions because being against socialism was “proof of mental illness.” Soviet psychiatrists were condemned for violating the Hippocratic oath, with one of the most important promises of that oath being “First, do no harm.”

Why Die for Biden?

As you would expect from brain-dead Biden and the people controlling him, American policy has been moving in the wrong direction. Whatever you think about the situation in the Ukraine, one thing is obvious. It’s a crisis. Shouldn’t we try to stay out of danger? Instead, the US has led the way in imposing drastic economic sanctions on Russia, backing Putin into the wall. What if he gets desperate and uses atomic weapons? This could result in the end of civilized life on our planet. Is this what Americans want?