Wednesday When the dollar falls, it registers as the price of gold (POG) rising; when the dollar rises, then it registers as the POG falling. Gold is the only real measure of value and it has been measuring the US$ as rising in value for a while now. Most of that rise (demand) is due to the necessity to service the massive world-wide debt, much of which is … [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...]
From Gold
Sunday All the power of fiat currencies devolve from Gold. If Gold’s stability of value had never been transformed, via coinage and bars, into a known weight and fineness – i.e., money – then we would still be trading by barter and living in primitive farming communities alongside rivers. Fiat is a deceit based on an ignorance of what money really is. Fiat money, and … [Read more...]
Society as a Construct
Thursday Social engineering schemes always fail. As the 20th century English philosopher Ringo Starr eloquently noted: “Everything the government touches turns to shit.” My Starr was quite correct. Since the dawn of human society, centralised control, in one form or another, has always, eventually, collapsed that society. But why is that? The usual … [Read more...]
Socialist Kleptocracies
Thursday Countries never recover from a socialism that is allowed to run its course, i.e., until it has squandered the capital accumulated in the prior period. Compounding this problem is that the human capital also vanishes – for sunnier (saner) climes. The gene pool is weakened as only the old, apathetic and party apparatchiks are left. Lacking capital, intellect and … [Read more...]