Thursday Western Civilization is perched on the edge of chaos. Nothing will be the same again. We had it made and threw it away with a cavalier disregard for the future of not just our progeny, but of mankind itself. We had risen to a peak of technical innovation with its promise for a glorious future. The law, while not perfect, generally acted to ensure … [Read more...]
Central Banks
Sunday Central Banks are the equivalent of the Central Planning Committees of the old USSR and present-day China. They specialise in distorting markets such that sane investing is disincentivized and speculations leading to capital destruction are incentivized. Anger against central banks is rising, and spreading, and rightly so. But they operated with the … [Read more...]
China’s Great Leap Forward 2.1
Wednesday See 2.0 China is beginning to crack down on tax avoidance with some high-profile, well publicised, targets. This is designed to bring the masses into compliance with the tax code. If it works, it is the beginning of the end. There will be an immediate boost to government revenue, followed by a sharp decline next year. It is the wrong time (is there a right … [Read more...]
Prepping
Wednesday A discourse by Dr. Keith Weiner on an important subject. Imagining that one can ‘prep’ and thus be spared the consequences of capital destruction and debt collapse is misguided. Only the speedy return of Gold to circulation can get us out of this mess. Like it or not, we are all in this together. The idea of a small handful of smart preppers surviving, while … [Read more...]