journal features

"money masters"

the journal of Michael Werneburg

twenty-seven years and one million words

Tokyo, 2009.09.28

Over the past several days, I've been slowly watching a rather dated but comprehensive video on the role of the Federal Reserve and its ilk. It asks the question what's happening to the US economy (and through it, the world economy), and then proceeds to answer that question.

Not happy watching! But fairly essential, I would think, in understanding "why" rather than "what" is happening.

rand()m quote

Society is indeed a contract... [the state] is a partnership in all science; a partnership in all art; a partnership in every virtue, and in all perfection. As the ends of such a partnership cannot be obtained in many generations, it becomes a partnership not only between those who are living, but between those who are living, those who are dead, and those who are to be born.

—Edmund Burke