Wednesday Sending soldiers off to war zones and then prosecuting them for not abiding by the ‘rules of engagement’ stinks. In a life and death struggle, those who pause to contemplate the rules get killed by those who do not. Life is composed of endeavours - things such as football, a job, business, gardening, painting, boxing, relationship, music etc. An … [Read more...]
Socialism – The Final Shudder of a Degenerative Process
Wednesday 1 Free people create wealth (capitalism). 2 Governments begin to tax and regulate 3 Taxes and regulations degrade freedom and begin to strangle the economy. 4 Legislative distortions divide society into winners and losers. 5 The economy begins to fail. 6 In the effort to keep the show on the road, central banks … [Read more...]
Our Times
Tuesday Our times are not our parents’ times, nor are they like any other times. Some see the fall of Western Civilization as a distant approach. They are wrong; the collapse has begun. The fiat notes that replaced money are dwarfed by the debt that created them. The debt can never, and will never, be paid. When the discipline of money (Gold) was banished, then so too … [Read more...]
A Fair Day’s Work for a Fair Day’s Pay
Friday Society is undergoing a radical transformation that is more profound than the Industrial and Computer Revolutions. These created not only vast amounts of new wealth, but also vast amounts of new jobs. Many of the benefits of those revolutions are still with us, but the jobs have gone; not just new jobs, but a lot of old jobs. Governments in the western world … [Read more...]
As Goes Gold, So Goes Society
Thursday President Nixon, defaulted on the US$ obligations in 1971. The Bretton Woods agreement of 1944 was torn up, and the US$ was no longer redeemable for Gold anywhere. While this betrayal shocked the world, it should not have. It was the logical next step to Roosevelt’s default thirty-eight years earlier, when overnight the US$ was made irredeemable to US … [Read more...]