I used to rant on Facebook for a few months till the one person that apparently reads what I write suggested I start a blog to make it easier for him to check in and keep up with what I say … to which I could only say: whatever. So when for an extended period of weeks I seemed to be unable to log-0n or add any commentary to Facebook, I started this blog.
My pet peeve is our monetary system. I am dismayed at the fact that even “professionals” in the field of banking and finance are ignorant as to what a monetary system may be or, indeed, what the ramifications of adopting one system over another may be. When questioned, some will say we in the West run a capitalist economy; others will say we adopt a free market approach; still others will say that the USA are on a Dollar monetary system, the UK on a Pound Sterling monetary system and Europe on a Euro monetary system. Few, if any, know what “fiat money” is and how both our monetary system and the management of it are not part of the democratic process. Furthermore, not only is our monetary system imposed unilaterally and arbitrarily by government but government also retains the right to manage interest rates by mandate.
It is the aim of this blog to highlight the relationships between the monetary system and the socio/economic choices it dictates to society particularly in a democratic context.
On a more personal note, I am an Italian national currently residing in the Middle East with domiciles in the UK and Europe. Every now and again, I’ll also add to this blog some of my favorite pasta recipes… you know… just to lighten the mood…
This blog began around February 2009
(Western politicians seem to be forever waiting for spine donors because they surely aren’t growing any themselves – adapted from a quote by Frasier Crane –)