Tuesday Why have the world’s leaders acted in lockstep to destroy the economies of their own nations? Why have they continued to panic about a virus which we knew by May of 2020 was nowhere near as dangerous as initially feared. I strongly suspect that they came to the belated realization that the existing fiat ‘money’ system is collapsing – it has been doing so … [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...]
What is Money?
Wednesday I studied economics for three years (2007 -2010). What intrigued me most was that in a room full of students, some of them very bright, none of them could plausibly define money, not even my Professor. Economics is a coarse instrument without the lubricant of money. How could a whole subject evolve around a core concept that everyone and his dog … [Read more...]
How to Identify a Capitalist Economy
Friday There are three options with regard to a nation’s economy: 1 Capitalism, which leads to capital creation, 2 socialism, which leads to capital destruction, and 3 the ‘Third Way’, which impairs capital creation but, in moderation, does not put the process in reverse and destroy capital. Today, option 3, the Third Way, is the preferred model … [Read more...]
Logic and Money
"Nothing has such power to broaden the mind as the ability to investigate systematically and truly all that comes under thy observation in life." Marcus Aurelius Marcus Aurelius was the most famous of the Roman Stoics. He understood that the first requirement in the search for truth was clear, accurate and ordered thinking, underpinned by precision in the … [Read more...]