endoftheamericandream.com We are in the early stages of a global economic collapse, and people all over the globe are getting extremely angry. Here in the United States, higher prices are an inconvenience, but in other parts of the world higher prices can mean the difference between feeding your family
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher Part 13 of 18 The social conditions prevailing in the Kingdom of England and Wales at the very beginning of the 18th century were such that the parliament of the Kingdom
Jing Zeng Assistant Professor of Digital Methods and Critical Data Studies Utrecht University Daniela Mahl PhD student at the Department of Communication and Media Research (IKMZ) University of Zurich The last few years have seen the West swept by political polarisation, much of which has played out online. Debates around
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher Part 12 of 18 There is an eminently viable alternative to the present banking and monetary system, known as a full Sovereign Money system, an early advocate for which was Nobel
Labelled the crypto winter, the cryptocurrency market went through a rollercoaster ride last year. In 2021, riding on the crypto frenzy wave, the poster boy of the crypto industry, Bitcoin, soared to an all-time high of US$65,000 in November 2021, but then plummeted to a low of
“Because gold is honest money it is disliked by dishonest men.” Ron Paul Buying physical gold is a time-proven method of securing generational wealth, and a security measure often taken in times of economic turbulence. Gold investing has long been viewed as a hedge against inflation and a store
Every time Grant Robertson, as Minister for Finance, opens his mouth about the economy, the word Covid pops up. When I hear those two words in the same sentence, I cringe. To my mind, Covid is a bad word, not because I think it will kill me, but because it
The ANZ Chief Economist is a scold, ticking us off in a tone-deaf article at Stuff for not saving for a rainy day. This is called rich-splaining, when a person who has never experienced poverty gives you patronising advice on how to get yourself out of poverty. There’
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 11 of 18 As described in Part 9 of this article, the unprecedented announcement by the UK government that it would create huge sums of money ex-nihilo and spend
There’s a term in economics, the precautionary savings motive, which refers to the point where consumers see enough trouble on the horizon that they start holding onto their cash for a rainy day. ANZ chief economist Sharon Zollner said Kiwis still have not reached that point, despite repeated warnings
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 10 of 18 One of the first actions of the first New Zealand Labour government (1935-1949) was to nationalise the RBNZ. The first New Zealand Labour Government then instructed
Last week the government announced, yes I know, a plan for a new bridge over Auckland’s harbour. This announcement should be filed in the same basket as 100,000 new Kiwibuild homes in 10 years, light rail to the airport by 2021, planting a billion trees, and a bike
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 9 of 18 It is notable, but unrelated of course, that in his book Mein Kampf, Adolf Hitler coined the term “Big Lie”, writing that “the broad masses” are more
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 7 of 18 Now that you have a basic understanding of how banks operate, you may find it interesting to read how ill-informed a group of major bank CEOs
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 6 of 18 In the mid-1980s, New Zealand’s building societies were de-mutualised and became trading companies. The trustee savings banks were allowed to morph into trading banks
