Trading with the World on a Barter Basis and How It Can Save us
I’m no expert, but, I’ve spent my whole professional career as a journalist specializing in business, finance and economic reporting for a leading business magazine in Lebanon listening to the so-called experts and professionals in finance and economic prognostication. I have found that being an expert doesn’t mean you are always informed or honest. Yes, they lied to us! And as a result, we are here, at the eye of the perfect storm of shit: Economic and financial collapse and pandemic restrictions mixed in with government formation paralysis. If you were to design a perfect shit storm you couldn’t do a better job than this. But, the crisis has exposed many weaknesses and we have learned many useful lessons as a result. One of those lessons is to not have a dollarized economy! Duh! am I right!? And yet, this fact was neither self-evident a few years ago nor was it given much credence or taken seriously. Back then we favored financial engineering by our internationally lauded central ban...