Sunday Adding to the very real problems of food shortages and the imminent collapse of the world’s debt-based ‘money’ system, is that nation states have a long tradition of lashing out at ‘enemies’ in times of stress. Conjuring up foreign bogey-men is the standard way of diverting people’s attention elsewhere; anywhere that obscures the fact that it is their own … [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. of … [Read more...]
Central Planning Incentivises Corruption
Thursday A neat example of Keith Weiner’s ‘perverse incentives produce perverse outcomes’. “Yi blamed not only government attempts to hide the real data for the discrepancies in numbers, but widespread corruption at the local level. Parents reportedly purchase birth certificates from hospitals for babies that do not exist to receive more public benefits; local governments … [Read more...]
China and the Clash of Civilizations
Saturday The absence of circulating money and the imposition of debt notes in its stead, has ramification across the span of society. The most pernicious is probably war. China is a centrally planned economy. Pockets of relatively free market activity exist, but not many. Because it is a centrally planned economy, it can be known that it will fail. We just need to … [Read more...]
The Great Imponderable
Sunday When will currencies collapse? All we can do is hazard some guesses. First guess, is not imminently. There are still some tricks up the sleeves of our central bankers. The central bank of Switzerland is buying stocks – eighty billion US$s of them. They bought seventeen billion dollars’ worth of US stocks in just the first three months of this year. The SNB … [Read more...]