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...]
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...]
Wealth Creation and Destruction
Monday It does not take a degree is miserableness to note that the world is in a bad place. This is exacerbated by the fact that we are ruled by those of undistinguished intellect. Theresa May, Justin Trudeau, Emmanuel Macron, Angela Merkel, Jacinda Ardern (what were the Kiwis thinking?) and Nicolas Maduro; the list could go on and on. At a point in history … [Read more...]
Gold, Silver and Venezuela
Monday Why do you need to hold Gold and/or silver? Ask someone living in the socialist paradise of Venezuela. For 1oz Gold they can buy a house (2oz for a really nice house). For 1oz silver they can buy 3 to 4 months’ worth of food. The narrator sniggers as he imagines how many houses he and his fellow ‘stackers’ will be able to buy when the economy of their … [Read more...]
Fake World
Sunday The collapse of the West will start from the peripheries and move in toward the major cities. It has already begun. In Australia, the recent State election in NSW saw the vote for major parties drop and the vote for parties previously considered ‘minor’ rise significantly. In this topsy-turvy artificial world based on counterfeit credit, most ‘wealth’ is produced … [Read more...]