No Index

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?

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.

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.

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.

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.

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.