Friday Various government handouts and bankruptcy protection legislation have come to an end, or soon will. Businesses that have been technically insolvent for over a year will begin to close their doors. Many will go under because they cannot pay the rent that they owe for the period when they were forbidden to trade. They desperately need a renegotiation … [Read more...]
Assets or Money?
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...]
Return to Reality
Friday “Everything in the world may be endured, except continual prosperity.” Johann Wolfgang von Goethe The current under 40s are, generally speaking, the most dangerously effete and deluded generations in history. Is that because of the prosperity brought about by creating synthetic credit and circulating the debt notes in the guise of money? There is an … [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...]
The Mighty Snails
Wednesday Australian businesses are burdened by regulations (useless ingredients), taxation, litigation and debt. All are increasing. Change is a constant; the speed and scope of change is not. The marketplace is now changing dramatically – and quickly. It is not small business operators that are at most threat, it is the corporations. Small … [Read more...]