Wednesday Venezuela was a prosperous and civilized country with the largest oil fields in the world and Gold and silver deposits in abundance. Then the Venezuelan people made the mistake of electing a socialist government. Just fourteen years later, all that prosperity has gone to be replaced by rioting in the streets. Supermarkets are empty and people are dying from … [Read more...]
The Only Perfect System is No System
Thursday Most people who are against Capitalism have rather odd ideas about what it is; some going so far as to equate it to the ugly blend of fascism and socialism existing in the US. Even those who sort of support it, sometimes repeat the sentiment that ‘Capitalism, despite its flaws, is the best system available. Capitalism has a very tenuous connection with a … [Read more...]
Ponzi Civilization
Thursday We live in an age of threat. International debt collapse is inevitable, as is the concomitant collapse of the fiat ‘money’ that represents the debt. Only the timing is uncertain. Sabre-rattling nation states, desperately trying to distract their citizens from insurmountable economic and monetary problems, have led to a level of nuclear threat only exceeded by the … [Read more...]