Wednesday The prosperity of Western Civilization is built upon accumulations of money. Accumulations of money translate into money to lend and, the reverse side of the coin, money to borrow. Borrow for what? Increased production – the making of better and/or cheaper goods. (It is interest, and only interest, that draws this money out of the … [Read more...]
Early Retirement
Monday I see another report about a young couple that have surmounted the work trap and managed to retire by the age of forty. Well, actually, I didn’t read the article, but that is what I surmise from the headline. From the number of such headlines I would assume that it is an aspiration in the peculiar zeitgeist that passes as the modern world. Why would … [Read more...]
Push Them Hard Enough And The Productive Class Will Opt Out Of Servitude
Sunday Exactly so. Ayn Rand was remarkably prescient in many ways, not least of which with her character John Galt. I will keep my business going for the sake of my key production staff. They have to work harder and harder to keep the business profitable. When they too eventually throw up their hands, then that will be the end and the doors will … [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...]
The Duality of Money
Tuesday Keith Weiner makes the distinction here between the two roles of money. Most people see money purely from the income/spend perspective, but that is not money’s only role, in fact, it is not even money’s primary role. Many things can successfully be used as a medium of exchange; only surplus money (capital) can be used to build more wealth and also convey wealth … [Read more...]