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...]
The New Rich
Thursday There is a popular idea that when the depression hits hard, most of the wealth will continue to exist and that it will just change hands. In other words, smart people who saw this coming and hoarded Gold and silver will gain ownership over all the riches – ‘the greatest wealth transfer in human history’, blah, blah, blah. It is balderdash. An … [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...]
Capital Destruction and Dispersal
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...]