Tuesday The isolated chatter about central banks going digital has turned into a torrent. That probably means that it is going to happen. The media only runs with the approved narrative. The plan is that as the paper fiats fail, so they will be replaced with electronic money – still run by the same central banks (CBs) geniuses who destroyed the paper … [Read more...]
Return to Reality
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...]
The Price to Be Paid
Thursday In a government planned and controlled economy, the resultant disasters can be delayed and hidden for a long time, but not forever. It is now almost 14 months since our imbecilic governments began to close down ‘their’ economies. There was very little fuss about that at the time, because, generally speaking, the electorate is also daft – note the I.Q. of … [Read more...]
Eight Hours Sleep
Thursday About three months ago, with the doors of my restaurant shuttered by government edict and, accordingly, unable to pay rent, I was given three days to get out by the landlord. It was a grim time. It was hard to swallow that an iconic business with a thirty-six year track record of making money had suddenly, unexpectedly and inexplicably, moved into the … [Read more...]
Between Scylla and Charybdis
Wednesday The situation of being between Scylla and Charybdis is a state that small business knows well. It is otherwise known as being between a rock and a hard place. The simple truth that ‘people build civilizations and governments destroy them’ seems terribly hard for people to grasp. Yet, it is profoundly obvious. It is private business that is the … [Read more...]