Man's greatness is not in never falling but rising every-time he falls

A weblog of R.K.Gurumurthy

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Horizontal vs Vertical Money (Credit vs Cash)



While i do read a lot of economics i consider it sacrilegious to  harm anyone with my economic philosophies as i am myself a beginner and  a perpetual learner.

One recent article that interested me a lot is the quarterly BIS report. Not just quite topical., it offers an excellent perspective into the phenomenon of debt implosion and some of the references to the current US policies are most apt (do i enjoy that freedom of speech to even comment on a  BIS publication!!).  For someone who is an inveterate believer in the occurrence of another Great Depression like life-and-times (unless fiat currency system is banished), this report gives me a kick that i may not be wrong, afterall. Please read on..

   

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