Wednesday For all the glaring faults and failures of paper money, it is the more subtle effects that are the most damaging. The emphatic truth is that paper money only exists because of the desire of politicians to inflate the money supply in order to buy votes and to wage wars. There are no other reasons. The vote-buying passes under the innocuous title … [Read more...]
Talkers and Doers
Monday I've been blogging on the virus, on and off, for over a year. However, in response to an email that essentially accuses me of not emphasising it enough, I do not believe that it is the senior issue of the day. IF, and all the evidence points that way, it is a deliberate attempt to kill off a high percentage of the world's population, then the weirdo … [Read more...]
Between Scylla and Charybdis
Wednesday The situation of being between Scylla and Charybdis is a state that small business knows well. It is otherwise known as being between a rock and a hard place. The simple truth that ‘people build civilizations and governments destroy them’ seems terribly hard for people to grasp. Yet, it is profoundly obvious. It is private business that is the … [Read more...]
Waiting for Inflation – Waiting for Godot?
Monday I see headlines warning of inflation (meaning rising prices), even hyperinflation. These predictions have ebbed and flowed for just under twenty years and many a commentator has a face full of egg. Not that any of them have acknowledged being wrong, or apologised for misleading their readers. Their basic problem was the belief that the more credit notes (fiat) … [Read more...]
The Ping Symphony
Wednesday I just pulled out some coins from my pocket to toss into the jar. Isn’t it fascinating that so many years after Gold and silver disappeared from circulation, the larger denomination coins are still a Gold colour, and the smaller denominations still a silver colour? Our link to the time when real money circulated is still there, but oh so very tenuously. There … [Read more...]