Friday Various government handouts and bankruptcy protection legislation have come to an end, or soon will. Businesses that have been technically insolvent for over a year will begin to close their doors. Many will go under because they cannot pay the rent that they owe for the period when they were forbidden to trade. They desperately need a renegotiation … [Read more...]
Capitalism or Cooperation?
Saturday The old saying that no man is an island is an absolute truth. If we all had to survive on what it was that each of us can make, grow, construct and cook, our lives would be miserable. Most people would die within a few months. Can you make the petrol for your car, the spare part that’s required, the window to replace the one that broke? … [Read more...]
The Price to Be Paid
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...]
From Gold
Sunday All the power of fiat currencies devolve from Gold. If Gold’s stability of value had never been transformed, via coinage and bars, into a known weight and fineness – i.e., money – then we would still be trading by barter and living in primitive farming communities alongside rivers. Fiat is a deceit based on an ignorance of what money really is. Fiat money, and … [Read more...]