Thursday In a government planned and controlled economy, the resultant disasters can be delayed and hidden for a long time, but not forever. It is now almost 14 months since our imbecilic governments began to close down ‘their’ economies. There was very little fuss about that at the time, because, generally speaking, the electorate is also daft – note the I.Q. … [Read more...]
Regulation Strangulation 2
Tuesday The paradigm shift that is underway in western civilization is composed of minor trends. The distinguishing feature of all these trends is that they are negative. One of the trends is unemployment; it rises inexorably. The free market of yesteryear created businesses; those businesses supplied not only products, but also jobs. It takes a … [Read more...]
Wealth and Taxes
Monday There are those who create wealth and pay taxes, and those who destroy wealth by living off taxes. … [Read more...]
Another US Default
Sunday In 1944, as WW2 drew to a close, representatives from all the Allied countries arrived at Bretton Wood, New Hampshire, in the U.S. of A. At that Bretton Woods conference, it was agreed by the forty-four participating countries that the US$ would be used for international trade instead of Gold. The dollars would still be redeemable for Gold, but only by … [Read more...]
Smart Cat
Saturday Found at the most important news https://twitter.com/i/status/1384711659810402305 … [Read more...]