The Bank for International Settlements (BIS) has reported exactly what we have been warning about – the explosion in dollar-denominated debt outside the USA which means a rise in the dollar will see a massive debt crisis. The total volume of US dollar-denominated debt outside ………………..
World Dollar Debt up 5.2% – World Euro Debt Up 10.5%
Hardly anyone talks of the table of virtues and vices anymore — which includes the Seven Deadly Sins — but in reviewing them, we find that they nicely sum up the foundation of bourgeois ethics, and provide a solid moral critique of the modern state.……….we do need to observe that vices and virtues — and our conception of what constitutes proper behavior and culture generally — have a strong bearing on the rise and decline of freedom.
— Llewellynn H. Rockwell Jr.