I know they say you can’t take it with you, but I’m going to be buried with a suitcase full of money just in case you can.Jackie Mason
Money can drive some people out of their minds.
The O’Jays, For the Love of Money
A short while from now, a
There is no means of avoiding the final collapse of a boom brought about by credit expansion.
Nick Land, Suspended Animation
Meanwhile, a pensioner is trying to get his television to work in his poorly heated flat, unaware that his pension has not been paid into his account any more than the Incapacity Benefit usually received by his noisy, aggressive neighbours. For some reason, the electricity has gone off, although he has topped up his key. It may be a trip switch, and he has tried to phone his son. His son knows about the electrics, but the phone network is telling him to try again later.
Astronomy came out of astrology. Chemistry came out of alchemy. What will come out of economics?
Bernard Lewis in conversation
Two miles to the West, the wife of a politician is tearfully packing expensive crockery into a cardboard box. She feels very, very guilty, but doesn’t understand why. After all, it was her husband and his colleagues who kept quiet about the simultaneous collapse of the Bank of England, the downgrading of the
Arguably, this collection of essays is remarkable less for what it includes as what it so markedly excludes. There is nothing here on economics (other than a projection of forthcoming financial collapse…)
Michael Walker, review of Michael O’Meara’s Toward the White Republic
Ten days after the tills stopped ringing in
When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.
Chuck Prince, former CEO of Citigroup (retirement payout: $40 million), from an interview with the FT
On a seasteading development off the Cayman Islands, in non-territorial waters, hedge-fund traders are joining
It is a fact; decadence is far more expensive than prosperity.
Guillaume Faye, Why We Fight
In the garden of a European Commission building in Brussels, next to a commemorative chunk of the Berlin wall, a cat picks at the rotting tendons of a financial expert who died while working on a series of bail-outs, fiscal stimuli and contingency plans for the euro. He was shot in the head by his own bodyguard, a Sunni Muslim who had never felt easy about working for a financier who sanctioned interest payments on capital.
If capital cannot earn a normal rate of return in an activity, capital is not supplied to that activity.
Paul Craig Roberts, The Failure of Laissez Faire Capitalism
Our cultural empire has the addicted… clamouring for more. And they pay for the privilege of their disillusionment.
Major Ralph Peters, Office of the Deputy Chief of Staff for Intelligence
From a basement apartment, its rice-cake-thin door flapping on buckled hinges, the fading sound of a song can just be heard as the batteries in a CD player eke out their last power to propel the Scotch-and-gravel voice of Tom Waits into the Autumn evening.
Baby I’m gonna stay wit’ you
Till the money runs out.
The sky becomes darker, the gradual arrival of night hard to notice in its incremental advance, but total and stifling when it finally descends.