Wednesday For all the glaring faults and failures of paper money, it is the more subtle effects that are the most damaging. The emphatic truth is that paper money only exists because of the desire of politicians to inflate the money supply in order to buy votes and to wage wars. There are no other reasons. The vote-buying passes under the innocuous title … [Read more...]
Predictions and Assumptions
Sunday In January of 2000, it began to dawn on me that the world had some serious problems. A great deal of subsequent reading informed me that the world’s monetary system was not only seriously flawed (it had been since 1933) but that it was at the point of breakdown. It was like a drunk at the bar who was being kept upright only by the swell of people around … [Read more...]
Peak Uncertainty
Thursday The markets are manifesting an exuberant and giddy blend of hope and fear. The primary cause is the seemingly bottomless credit being pumped into the system. Crypto Mania (CryMan) will end up more famous than Tulip Bulb Mania as an example of group nuttiness. The problem is that either the credit will stop, or that the credit will become greatly … [Read more...]
The Big R
Saturday The history of economics and war tells us that the world is in a bad place. Empires are in collision. It is 1914 – with nukes. The West’s softest and silliest ever generation, is about to get a real life lesson in Reality – the Big R. It will be an unrecognisable concept to most. Despite the giddy euphoria of the stock market, we have … [Read more...]
Miscegenation
Wednesday The swamping of western cultures with African and Muslim immigrants is due to the naïve belief that miscegenation, the interbreeding of peoples of different racial types, is the way to achieve world harmony. It is not. First, the whole idea is predicated on the idea that people are prone to fighting with ‘other’ people or races. They are not. Wars are … [Read more...]