Saturday “Civilizations die from suicide, not by murder” Arnold Toynbee Mr. Toynbee, a twentieth-century historian, got that right, but failed to correctly identify the defining characteristic of the suicide. Namely, Death by Money. First the money is degraded, then follows the degradation and subsequent collapse of society. That is what we are witnessing in the … [Read more...]
The Illogic of Gold Bugs
Friday The illogic of the Gold bugs, with their insistence that Gold is measured by paper debt notes, meant that they were blindsided by the fall in the price of Gold subsequent to the US presidential election. Only two things were necessary to know what was coming: 1 That Gold is the measure of value, currencies included, not the measured, and 2 … [Read more...]