Saturday Keith Weiner rightfully notes that it is the struggle of the debtors that gives the US$, or any other fiat, its value. But there is a little more to it than that. It is also the desire to gain and to hold dollars in order to secure a future that gives them value. Some people accumulate in order to invest, or simply in order to have something to draw on in … [Read more...]
The One Percent
Friday The term ‘one percent’ is widely identified as those who are perched on top of the system and, accordingly, living the champagne life - while the rest of us, the ninety-nine percent, struggle. They are most commonly typified as the inhabitants of Wall Street. It has become a pejorative. That is all, of course, a generality. Some work their butts … [Read more...]
Socialist Kleptocracies
Thursday Countries never recover from a socialism that is allowed to run its course, i.e., until it has squandered the capital accumulated in the prior period. Compounding this problem is that the human capital also vanishes – for sunnier (saner) climes. The gene pool is weakened as only the old, apathetic and party apparatchiks are left. Lacking capital, intellect and … [Read more...]
Miscegenation
Wednesday The swamping of western cultures with African and Muslim immigrants is due to the naïve belief that miscegenation, the interbreeding of peoples of different racial types, is the way to achieve world harmony. It is not. First, the whole idea is predicated on the idea that people are prone to fighting with ‘other’ people or races. They are not. Wars are … [Read more...]
The developed world is on the brink of a financial, economic, social and political crisis
Tuesday https://www.youtube.com/watch?v=3WclYu5l4G0 … [Read more...]