Friday “Everything in the world may be endured, except continual prosperity.” Johann Wolfgang von Goethe The current under 40s are, generally speaking, the most dangerously effete and deluded generations in history. Is that because of the prosperity brought about by creating synthetic credit and circulating the debt notes in the guise of money? There is an … [Read more...]
With What is Value Measured?
Monday With regard to the quantification of a good’s value, with what is it measured? How is the subjective value of a good expressed? Well, with money of course; one of the jobs of money in the marketplace is to measure value. For most of the 20th century and at the beginning of the 21st century, the marketplace has used fiat debt notes, otherwise known … [Read more...]
Venezuelan Bolivar – Buy and Hold (joke)
Tuesday For as long as people continue to believe that the value of Gold is measured in dollars, then they will fail to grasp the fundamentals of not only money, but what is happening in the world. Central Bank approved Graph – Price of Gold in Au$s Reality Graph – Price of Au$s in milligrams money Yes, the ‘price of Gold’ is going up in terms of Au$s, and most … [Read more...]
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...]
Perceptions and Experience
Sunday How can it be that we are so close to a catastrophic collapse, yet the mass of people remains oblivious? Pejoratives such as ‘stupid’ and ‘sheeple’ are not helpful because they provide no answers. A more precise answer is that people are affected only by knowledge that they can either perceive or experience. The accumulation of unpayable debt is the feature of … [Read more...]