Wednesday "… for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle." Winston Churchill There are two imperatives that should be pushing you toward switching from dollars to Gold – now. One, the dollar price of Gold is due for a major rise. I do not use the word ‘major’ without meaning it. … [Read more...]
Poverty and Wealth
Tuesday “Ultimately it is only wealth that can reduce poverty.” Thomas Sowell There is a great deal of blather about reducing poverty by this or that measure and about how to better organise society to achieve this supposedly desirable outcome. Personally I like having some poor people around because they maintain my garden cheaply. Practically … [Read more...]
Governments and Economies
Tuesday An excerpt from dollar collapse a little while ago: https://www.dollarcollapse.com/tunisia-emerging-market-implode/ ‘Tunisians have enjoyed greater political freedoms since the Arab Spring uprising and Mr. Ben Ali’s fall, but a series of post-revolutionary governments have failed to revive the economy and create jobs.’ Despite thousands of years of example … [Read more...]
Regulation Strangulation
Sunday New word… Stregulation: the throttling of an economy by regulations The passage of every single piece of regulation by parliaments and their quangos has a financial cost. That cost is wholly absorbed by businesses. Who else? Ultimately, all wealth can only be extracted from those who create wealth. Businesses pass on that cost. They must if they are to … [Read more...]
Restaurant Regulations
Wednesday The working of a traditional restaurant is not complex, though smooth execution is sometimes elusive. It comprises greeting and seating and a waiter who takes the order at the table. Then a docket that goes to the kitchen and drinks area where the desired products are produced. The waiter then takes the products to the tables. Reorders and table clearing … [Read more...]