Monday It does not take a degree is miserableness to note that the world is in a bad place. This is exacerbated by the fact that we are ruled by those of undistinguished intellect. Theresa May, Justin Trudeau, Emmanuel Macron, Angela Merkel, Jacinda Ardern (what were the Kiwis thinking?) and Nicolas Maduro; the list could go on and on. At a point in history … [Read more...]
Fake World
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...]
Capitalism Equals Wealth Creation – Socialism Equals Wealth Destruction
Monday Let’s not be too hard on the Venezuelan socialists. Yes, it’s been a disaster and has resulted in widespread hunger amongst the poor and untold deaths. But the people did originally vote for socialism, despite all the historical evidence for what would happen. Besides, Venezuela is a minor manifestation of the disease. From the national socialism of Hitler, Mao … [Read more...]
GDP
Wednesday I have been trading in the same style of business since 1967. In my own experience, and coupled with conversations with other business owners around Australia, this is the worst recession for fifty years. More severe than 1982, the previous worst of my experience. This is a real doozy. There is no sense of any sort of a recovery. Quite the reverse, a number … [Read more...]