Thursday The economy of the EU is in big trouble. ECB president, Mario Draghi, has suggested that he is going even deeper into negative interest rate territory in the effort to spur growth. The only growth in the EU is in migrants – migrants who don’t work but who immediately go onto welfare. Most with zero plans to ever get off welfare. Needless to say, … [Read more...]
Real Estate and Tax
Sunday There are times when huge fortunes have been made in real estate. Family names have become legendary because of the prescience of a forebear in buying real estate at the right time. But that time is not now. As we approach the necessary denouement of the Great Fiat Fantasy, so governments will fight tooth and nail to hang on to the illusion that the debt-based … [Read more...]
The Urge to Regulate
Saturday "The more corrupt the state, the more numerous the laws.” Tacitus (A.D 55-130) Whether in the US, UK, EU, Australia, New Zealand or Canada, social engineering is the dominant theme of our time. Dangerously daft legislation is being churned out by the regulators of the Western world. Why is this? Our politicians are a breed apart from most people. They … [Read more...]
New Politics
Tuesday We are on the verge of a new politics. ‘Out with the old and in with the new’ used to refer to one establishment party being replaced by the other. It was a cyclical change that meant very little change at all. Now it is different. The Farage Phenomenon, one man taking on not only the UK establishment, but the whole EU, and winning, was truly extraordinary. … [Read more...]