Thursday There is a popular idea that when the depression hits hard, most of the wealth will continue to exist and that it will just change hands. In other words, smart people who saw this coming and hoarded Gold and silver will gain ownership over all the riches – ‘the greatest wealth transfer in human history’, blah, blah, blah. It is balderdash. An … [Read more...]
Dingbat Dan
Saturday Australia’s Liberal government is going to blame Dingbat Dan for the economic crash that is upon us. Dan Andrews, the Victorian Premier, is widely perceived as a completely out-of-his-depth idiot who has stuffed up his responsibilities to a magnificent degree. It will stick. Dan’s daily, self-obsessed, media ramblings have made him the poster child … [Read more...]
The Big R
Saturday The history of economics and war tells us that the world is in a bad place. Empires are in collision. It is 1914 – with nukes. The West’s softest and silliest ever generation, is about to get a real life lesson in Reality – the Big R. It will be an unrecognisable concept to most. Despite the giddy euphoria of the stock market, we have … [Read more...]
Early Retirement
Monday I see another report about a young couple that have surmounted the work trap and managed to retire by the age of forty. Well, actually, I didn’t read the article, but that is what I surmise from the headline. From the number of such headlines I would assume that it is an aspiration in the peculiar zeitgeist that passes as the modern world. Why would … [Read more...]
The Hidden Depression
Sunday I began my first business (cleaning cars) aged fourteen, fifty-eight years ago. I’ve seen the ups and downs of the business cycles created by economic central planners. I survived the recession of 1982 a lot better than most. Prior to right now, that is the worst that I have experienced. Now we have gone beyond the point of recession and into the beginnings of a … [Read more...]