Saturday Despite the in-your-face hysteria of the WuFlu fiasco, it is not the most important story of the day, just the most titillating for the media. The destruction caused by the lockdowns is testament to the dopiness of our politicians the world over. What has become forcefully clear over the last sixteen months is that democracy is unworkable once average … [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...]
Peak Uncertainty
Thursday The markets are manifesting an exuberant and giddy blend of hope and fear. The primary cause is the seemingly bottomless credit being pumped into the system. Crypto Mania (CryMan) will end up more famous than Tulip Bulb Mania as an example of group nuttiness. The problem is that either the credit will stop, or that the credit will become greatly … [Read more...]
From Feudalism to Capitalism and Back Again
Sunday No country will be spared the impact of the lockdowns. It was done and that was the end of normality as we knew it. It was the philosophic and economic destruction of Western Civilization. The mystery is that so few identified it as such at the time. The truly obtuse still don’t. To gain wealth in the ancient world it was necessary to loot, … [Read more...]
Capitalism Equals Wealth Creation – Socialism Equals Wealth Destruction
Monday Let’s not be too hard on the Venezuelan socialists. Yes, it’s been a disaster and has resulted in widespread hunger amongst the poor and untold deaths. But the people did originally vote for socialism, despite all the historical evidence for what would happen. Besides, Venezuela is a minor manifestation of the disease. From the national socialism of Hitler, Mao … [Read more...]