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...]
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...]
Get Out of Debt
Thursday Pondering on the dollar price of Gold, I am reminded of Dr. Keith Weiner’s adage that a perverse incentive will produce a perverse outcome. As all regulations are written for political, not economic reasons, that means that all regulations achieve perverse results. Nowhere is this more apparent than in the area of money. Because we are forced by legal tender … [Read more...]
Australia Down the Plughole
Saturday I wrote the following in response to a letter from a good friend inviting me, again, to invest in a start-up in Canada. It seemed like a good deal. I had fobbed him off before by saying that my cash flow was bad. He wrote back gently pressing me, which led to the following. On reflection, I decided that it was worth putting up on the blog as a statement of just … [Read more...]
Gold Standard Management
Wednesday “…if central bankers are managing a “gold standard” in order to control monetary policy, whatever it is they are managing is not really a gold standard.” Richard Timberlake (from: Gold Standards and the Real Bills Doctrine in U.S. Monetary Policy) There are necessary elements of the Gold standard that, when present, ensure widespread wealth creation and … [Read more...]