Saturday, July 18, 2015


Greek Lives Don't Mater: Ed Walker: EmptyWheel
Setting Them Up For Slaughter: Raul Ilargi: The Automatic Earth
Neo-Liberal Seas: Ian Urbina: New York Times
It's Not Just Fox News: Thomas Frank: Salon
Fixing Money: Adrian Kuzminski: ClubOrolov

Money is an IOU from civilization. Those who would prefer gold would prefer that they owe nothing to the civilization that feeds them and wish they could extract the richness that is civilization and carry pieces of it away for themselves.

In their folly they cannot see that any piece they pull free and abscond with is worthless once absented from civilization.

Gold, art, real estate, and any financial assets are worthless without the dense network of human bonds that give them what value they have within consensual networks of exchange, only within the constraints of civilization does this so called wealth bear fruit.

War, an acute absence of civilization, is the perennial reminder that it is civilization that lends value to wealth, not the other way around, need we be reminded?

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