Italy's horse of a different color

  GOOD INTENTIONS AND DIGITAL CURRENCIES Is a Northern Rock lurking below the surface? why I think that not only Central Bankers WILL push hard for #CBDC , but also why their coy pretending that "we won't access data" or "we'll protect people's right to use their money as they please" as matters stand now looks like pure hogwash. [NOTE: my original article was posted a long time ago on a site no longer operating, I just edited it somewhat to make it more current] Where we are now Central Bank Digital Currencies, or CBDC for short, are a liability of the sovereign, quite similar in their main characteristics to physical cash, as stated by the Federal reserve on their Website :   There are significant differences tough, that would be some kind of “sovereign bitcoin”, which aren't readily apparent from a cursory reading. Physical cash, as the name implies, is something that has to be transferred physically between two parties, ...

  Turin,July 28 th , 2019 The Devil's Alternative: how to help Governments to spend wisely DISCLAIMER: the author is not a disinterested party, since his day job involves recommending securities, especially debt securities as that. So, over and above taking it in with a pinch of salt, the Reader will be well advised to avoid assuming that anything in this article is meant as advice. Bear in mind the usual warning about forward looking statements, namely that they are not worth the paper they are written on, and that they are the personal opinion of the author. Or, as Frank Herbert wrote in Dune, “if wishes were fishes we'd all cast nets.” The easy money policy that all Central Banks have undertaken so far has had enormous effects. Not exactly on what the policy was assumed to be aimed at, mind you: inflation in most advanced economies barely budged, or better, the movement was not proportional with the scale of the intervention. THE one field where the Cent...

  The “Judy Syndrome” of the left leaning Having seen what the takeover of Twitter by Elon Musk has caused in terms of scandal, derangement, and reactions,this concept dawned on me.   This piece is not entirely baked out of my thought, but I must recognise an heavy debt to Professor Luca Ricolfi , one of the most brilliant and honest minds in Italy, and a prolific writer who is in my opinion unknown outside Italy and not popular with the elites here. His most recent book, “La Mutazione” (“the mutation”) is an enlightening read on what the left part of the political spectrum has caused in terms of political and social discourse, and while I haven't finished his book yet some of his words resonated within me. But first, a small “materials and methods”: not only my opinions are my own, but they are all.... wrong . Or at least, I treat them as such: They are simply the filters through which I look at the world around me, and like all filters they make something evident and ...