Monday
Wealth is either being created, or it is being destroyed. The only flat line graph is that of a dead entity.
Governments around the world have been involved in wealth destruction for many generations. They have redoubled their efforts in the last few decades. While the words of the noted English philosopher Ringo Starr: “everything the government touches turns to shit” is a timeless truth, governments of all hues and stripes have excelled at wealth destruction.
So successful have they been, that the end of the road is now in sight, but only for those with the courage to acknowledge what is in front of their face. How close is the end? It depends upon where you live and how secure your job is and will continue to be.
However, to quote the timeless truth – inevitable does not necessarily mean imminent.
Some countries will fall before others. Top of the ‘majors’ list, in my opinion, will be China, Japan, the E.U. and the U.K. I still believe that the US$ will be the last to collapse – notwithstanding all the chatter about de-dollarization.
What is to be found at the end of the road of capital destruction? The answer is the collapse of all currencies, banks, insurance companies and pension funds and the resultant impairment to business, jobs and trade leading to poverty, with all the problems attendant to that such as disease.
What can be done about it?
Systemic change is the only answer. Here I do not refer to the Mickey Mouse ‘great reset’ dreamed up by the bumbling twits of the W.E.F. I refer to practical and positive change that will, given time and the nullification of the myriad government wealth-destroying regulations, allow Western Civilization to return to prosperity.
That will not happen without freedom.
The first reaction to freedom will be that people will demand honest money again – Gold.