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 … [Read more...]
Gold – On Sale
Tuesday “There seems to be a correlation between the intensity of the official attacks on Gold and the severity of the monetary crisis.” Hans F. Sennholz We’re experiencing a wonderful ‘correction’ in the dollar price of Gold as I write this. If you’ve been sitting on any dollars, now is the time to leap into action and exchange them for Gold. Unless … [Read more...]
Assets or Money?
Wednesday "… for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle." Winston Churchill There are two imperatives that should be pushing you toward switching from dollars to Gold – now. One, the dollar price of Gold is due for a major rise. I do not use the word ‘major’ without meaning it. … [Read more...]
Poverty and Wealth
Tuesday “Ultimately it is only wealth that can reduce poverty.” Thomas Sowell There is a great deal of blather about reducing poverty by this or that measure and about how to better organise society to achieve this supposedly desirable outcome. Personally I like having some poor people around because they maintain my garden cheaply. Practically … [Read more...]
From Feudalism to Capitalism and Back Again
Sunday No country will be spared the impact of the lockdowns. It was done and that was the end of normality as we knew it. It was the philosophic and economic destruction of Western Civilization. The mystery is that so few identified it as such at the time. The truly obtuse still don’t. To gain wealth in the ancient world it was necessary to loot, … [Read more...]