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"More fundamentally, we need to abandon the GDP fetishism of equating material consumption, as measured by per capita GDP, with wellbeing."

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"Focus is now turning to the world’s central banker’s annual symposium at Jackson Hole, Wyoming on 27th to 29th August, in particular the speech of Federal Reserve Chief, Kevin Warsh."

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How SCF wrote 4th mortgages

SCF lent 4th mortgages to Greymouth property developer connected to Ed Sullivan, a former SCF director

4th Nov 10, 4:02pm

by Alex Tarrant

SCF lent 4th mortgages to Greymouth property developer connected to Ed Sullivan, a former SCF director

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One of the saddest lessons of history is this: If we've been bamboozled long enough, we tend to reject any evidence of the bamboozle. We're no longer interested in finding out the truth. The bamboozle has captured us. It's simply too painful to acknowledge, even to ourselves, that we've been taken. Once you give a charlatan power over you, you almost never get it back.

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