Times of Gold

People build civilizations; governments destroy them.

Phil Barton
Philip Barton, Author

Dead End Ahead

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Friday The banking crisis is not finished; it has only just begun. The problem that brought it on is ‘mismatch of duration’.  Banks borrowed short (deposits) at low interest rates, and lent out long at high interest rates.  Excellent business – unless there is a run. Then it is a recipe for disaster. Which is where we are now. The banks cannot pony up … [Read more...]

Eminent Oxford Scientist Says Wind Power “Fails on Every Count”

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Monday And yet governments will continue to spend billions - eventually trillions, on these environmental disasters. But hey, they'll feel good. Read it all at The Daily Sceptic. by Chris Morrison 25 March 2023 7:00 AM It could be argued that the basic arithmetic showing wind power is an economic and societal disaster in the making should be clear to a bright … [Read more...]