Welcome to Capital Account. Economist Nouriel Roubini, also known as Dr. Doom, predicted another crisis in the US in his Financial Times op-ed, he warned readers “given the dysfunctional nature of the American political system, it won’t be long before there is another crisis. Two months, in fact.” This prediction should be no major revelation, since in two months Congress must deal with the debt ceiling and sequestration spending cuts. [...]
Well known to anyone watching, current affairs have not been of peace, as promised, but rather have embodied the same perpetual warfare that has defined America and Americans internationally. The explosion of fiat currency is nearly always accompanied by the onset of war—and the U.S. dollar standard is and will be no different.
In Obamas defense comes an unlikely voice, Jeffrey Tucker, editor and publisher of Laissez-Faire Books:
“Nor is it the case that [...]