Tuesday A market is composed of free people interacting with one another in the exchange of goods and/or services. The degree of prosperity created is directly proportional to the degree of freedom. Complete freedom means that all are free to act in their own self-interest in order to achieve an outcome that is optimum for the concerned parties in the prevailing … [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...]
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...]
What’s Happening to the Price of Gold?
Thursday With the US$ (and other currencies) gaining in strength in the last 36hrs, I’ve been busy answering my phone and emails. “What’s happening to the ‘price of Gold’?” I’ve almost given up trying to explain that Gold is a store of stable value and that it is the currencies that are going up and down as measured by Gold. It is because they cannot grasp that … [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...]