Sunday The collapse of the West will start from the peripheries and move in toward the major cities. It has already begun. In Australia, the recent State election in NSW saw the vote for major parties drop and the vote for parties previously considered ‘minor’ rise significantly. In this topsy-turvy artificial world based on counterfeit credit, most ‘wealth’ is produced … [Read more...]
Simple Economic Facts
Tuesday Those governments that tax and regulate little, don’t excessively hinder wealth creation. (free market) Those that tax and regulate too much, hinder the economy. (mixed economy) Those that tax away all incentive and regulate everything, destroy the economy and destroy also, not just prosperity, but the ability to survive. (socialism) Widespread prosperity is … [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...]
Real Estate and Tax
Sunday There are times when huge fortunes have been made in real estate. Family names have become legendary because of the prescience of a forebear in buying real estate at the right time. But that time is not now. As we approach the necessary denouement of the Great Fiat Fantasy, so governments will fight tooth and nail to hang on to the illusion that the debt-based … [Read more...]
The Urge to Regulate
Saturday "The more corrupt the state, the more numerous the laws.” Tacitus (A.D 55-130) Whether in the US, UK, EU, Australia, New Zealand or Canada, social engineering is the dominant theme of our time. Dangerously daft legislation is being churned out by the regulators of the Western world. Why is this? Our politicians are a breed apart from most people. They … [Read more...]