A Banker to the World

Yesterday, over a beer with an old friend—very liberal, like I once was—the conversation drifted, as it always does, from the personal into politics. “The only thing I agree with Trump on,” he said, “is his attitude toward China.” “Educate me,” I replied. “I know I wouldn’t want to live under the Chinese regime, and… Continue reading A Banker to the World

Trump’s Aug 8 Tariff Ultimatum. Will it be Financial Tsunami or a Teacup Ripple?

Few days ago Trump aimed his magnum loaded with the 100% tariffs at the dragon, the tiger, and the bear (China, India, and Russia) and said: “Make my August 8 punks.” Will the August 8 mark a new chapter in global trade history or be as impactful as a toddler’s ultimatum to bedtime? Both outcomes… Continue reading Trump’s Aug 8 Tariff Ultimatum. Will it be Financial Tsunami or a Teacup Ripple?

“Princes of the Yen” 

“Princes of the Yen” is currently listed for $200 on Amazon. It’s Richard Werner’s book—the same economist Tucker Carlson recently interviewed about the collapse of Japan’s once-miraculous economy. Apparently, someone translated the book from Japanese and is now charging that outrageous price. Thankfully, someone else created a documentary based on the book, and I watched… Continue reading “Princes of the Yen” 

Truman Show

Ever since I seriously got interested in history, I’ve believed that in order to understand how the world truly works, one needs to look under the hood—at how its financial system operates. By and large, history books miss this crucial aspect of the human story, probably because it’s too technical and requires expertise to grasp.… Continue reading Truman Show

The State and Your Money.

What the Bank of England history teaches us about how to protect our 401(K). When I was a child, my least favorite subject in school was history. I hated memorizing meaningless dates for events that were meaningless to me. All that changed in 2000. Early in the dot-com bust, I lost my well-paying job as… Continue reading The State and Your Money.

Let’s Ride.

Tomorrow, I fly back home from Europe. This summer was immensely productive for me. Early in the morning I’d make a cup of “Dolce Gusto” coffee, spike it with amaretto liqueur for taste (the breakfast of philosophers), walk out onto a terrace overlooking the Black Sea and read . Then I’d make breakfast and spend… Continue reading Let’s Ride.