Dexter B. Wakefield

What if you could borrow a large sum of money, and your lender paid you to borrow it? This actually happened in Europe recently, and in Spain and Portugal, banks have actually paid interest to their borrowers—instead of the depositors! This phenomenon is called “negative interest,” and although it is a bit complicated, you need to know how it works.

Is history the future? It has been said, “Those who fail to learn from history are doomed to repeat it.” But in a strange twist of history in our day, the radical Islamists of Islamic State, or ISIS, have learned their history quite well, and they want to repeat it. And they plan to force everyone else to repeat it as well. What history do they want to repeat?