Monday From: https://monetary-metals.com/ Constantly falling interest rates are destructive. Those businesses that borrowed at the earlier rate are at a disadvantage to those businesses that borrowed later at a lower rate. As each new business is encouraged into existence by the incentive of lower interest loans, so the viability of the previous businesses is … [Read more...]
Dollar Demand
Friday Many people understand that currencies are just debt notes and that they will have zero value at the precise point that the debt collapses. So why are they not falling in value? Why is demand for currencies so strong? The answer is that we need them – desperately. It has nothing to do with ‘an idea backed by confidence’ as was suggested to me (again) … [Read more...]
Australian Business
Sunday The relief of business operators in Australia is palpable. I have many business acquaintances and each had made their plans for how to cope with a looney-left socialist government; which, have no doubt, Shorten would have led had he been elected. All the plans included retrenchment of some existing staff - from a few, to many. Thus it was with my … [Read more...]
Prepping
Wednesday A discourse by Dr. Keith Weiner on an important subject. Imagining that one can ‘prep’ and thus be spared the consequences of capital destruction and debt collapse is misguided. Only the speedy return of Gold to circulation can get us out of this mess. Like it or not, we are all in this together. The idea of a small handful of smart preppers surviving, while … [Read more...]
Dollar Price of Gold Will Fall
Tuesday For the reasons pointed out in a previous post, a large fall in the dollar price of Gold would signify the point where the debt problem has become so pressing that people have had to use their Gold to buy dollars in order to stave off personal ruin for a while longer. How perverse is that? At the very point where they most need the stability of Gold’s value, it … [Read more...]