Feature Article #1
Credit Default Swaps: Another Part of the Puzzle
Something I have not spoken about, because I considered it tangential to the root cause of the current problems with the financial system, is the role of Credit Default Swaps. Although the real problem is that people essentially counterfeited money, credit default swaps were sometimes used as part of this process.
A credit default swap is [...]
Feature Article #2
The Economy. Where we are, why we’re here, and the future. (PART 3)
Continued from Part 2
So whatever happens, we’re going to hurt a lot?
Yes. It’s going to hurt. A deflationary crash would be quick, and extreme. People who watch too many Hollywood movies think this means blood in the streets, but it really just means a lot of hard working people will be on the streets trying [...]
Feature Article #3
The Economy. Where we are, why we’re here, and the future. (PART 2)
Continued from Part 1
Please explain your three possible futures.
In a deflationary crash, a portion of the money within an economy disappears. This means that money becomes scarce. This means that what money there is becomes very valuable. Because the money looks valuable, everything else looks cheap. That is, prices tend to go down, and people [...]
Feature Article #4
The Economy. Where we are, why we’re here, and the future. (PART 1)
Where are we, why are we here, and what will happen? This post is my attempt to answers these questions as simply as I can. I have broken this post into three parts for ease of presentation.
This post will link to several other posts that will expand on a point. I will add links as [...]
About this Site
Hi!
Oh. Right. Welcome to Geek Universalis II: Wrath of etc… Ray and I messed around with blogging for a little bit, decided we weren’t going about it the way we really wanted to, and banged on some different possibilities until all but one fell apart. The result? You’re looking at it.
We want Geek Universalis to [...]
