Sunday Central Banks are the equivalent of the Central Planning Committees of the old USSR and present-day China. They specialise in distorting markets such that sane investing is disincentivized and speculations leading to capital destruction are incentivized. Anger against central banks is rising, and spreading, and rightly so. But they operated with the … [Read more...]
The Warming Herring
Monday Global Warming is the greatest ever Red Herring, but it has to be acknowledged that it is also the most successful. A whole generation of children have been indoctrinated with the belief that unless we destroy Western Civilization by removing the use of fossil fuels, then Western Civilization will end. It is a combination of Chicken Little writ large and the … [Read more...]
Why the United States Needs to Encourage Americans to Hold Gold.
Monday Times have changed since I first became involved in Gold on an almost full time basis in 2010. This article, published by The Federalist, would have been unthinkable just ten years ago… “While discouraging and even prohibiting Americans from owning gold was never good policy, it was at least understandable at a time the Federal Reserve was struggling to … [Read more...]
‘Drone’ Will Become a Verb
Friday I extracted the following quotes from an article by someone somewhere. I can no longer find it to credit the author. The following quotes are from Stuart Russell - professor of computer science at Berkeley and one of the world’s leading AI researchers “The capabilities of autonomous weapons will be limited more by the laws of physics — for example, by … [Read more...]
The China Story
Monday David Archibald is a most interesting fellow - an eclectic man. I would strongly recommend his musings on China - and on much else. But China is a greater threat to the world than the reemergence of the bubonic plague, so let's stick with that. https://wentworthreport.com/the-china-trade/ … [Read more...]