When the stock market closed, just four hours before this apocalypse was to begin, US capital values were about where they were when the market opened. The stock market didn’t take any of it seriously
Knock Out Punch
Our strategic objectives in the war, such as they were, have already been accomplished: We went. We saw. We kicked butt.
Night at the Museum
Everyone knows that the feds are already insolvent, with spending commitments eight times as much as their revenues. But if you can’t spend money you don’t have on war, what can you spend it on?
Shock and Aw Shucks
The pound sank into the mud of the Somme and never recovered. By the end of WWI, Britain was deeply in debt. It had to give up India in 1947. And then, in 1956, it was unable to control the Suez Canal.
Edge of Empire
The British empire came to a final, wimpy end in the Suez Crisis of 1956. ‘Allied’ with France and Israel, Britain set out to take back the canal from Egypt. The three allies attacked.
Lions led by Donkeys
It was obvious that the British Empire was in decline. And the Gallipoli campaign helped bring down all three empires — Tsarist Russia, the Ottoman Turks, and the UK.
The Teacher of Life
Bad policies…unnecessary wars…foolish theories — never go away. Like zombies, they rise up in the light of the full moon, and terrorize the world once again.
Time running out on stocks
There’s a time for everything. The time to get into stocks is when prices are low, not when they are high. This is not exactly advanced geophysics, but when they are at epic lows there is more upside.
Bipartisan Boondoggles
The two parties are doing something that China, Russia, Iran et al might like to do, but lack the means to do it. They’re bankrupting and impoverishing the USA.
The Glory of Gold
A gamble is just a gamble; it could go either way. And who wants to bet against gold? It was the star performer for the last 26 years…and the most reliable performer since the Flood
