Saturday This is about as far as it is possible to get from the subject of gold, but I found it fascinating and felt that it was important to share it. Please allot the time to watch it all. I promise you that it will be worth it. https://www.youtube.com/watch?v=ANMTPF1blpQ … [Read more...]
People of Colour
Thursday The latest buzzword is ‘blackface’. Blackface refers to a white person darkening his face in order to look like a black person. It is very upsetting to some people. As a young boy, I watched the Black and White Minstrel show. I was not a huge fan but, at the undiscerning age of 12 (or thereabouts) it seemed perfectly harmless. Does the fact that about 60 years … [Read more...]
Odious Debt
Tuesday From: Investopedia (suggest to read it all) “A nation's debt is considered odious debt when government leaders use borrowed funds in ways that do not benefit its citizens, and to the contrary, often oppress them. Some legal scholars argue that, for moral reasons, these debts should not have to be repaid. Many believe countries doing the lending must have known, or … [Read more...]
How to Identify a Capitalist Economy
Friday There are three options with regard to a nation’s economy: 1 Capitalism, which leads to capital creation, 2 socialism, which leads to capital destruction, and 3 the ‘Third Way’, which impairs capital creation but, in moderation, does not put the process in reverse and destroy capital. Today, option 3, the Third Way, is the preferred model … [Read more...]
Bono – Taming Capitalism
Sunday I find some agreement with Bono and his call for Capitalism to be tamed. We should begin with pop concerts. These anarchic, free-wheeling, displays of youthful over-exuberance should be tamed by government legislation. A Music Authority must be established to report (without limitation) to the government on: 1 Concert Ticket Prices Prices should not … [Read more...]