How so much debt is eventually written off is the most important financial story of our era. It is a story in which gold is likely to play a leading role. But not many people want to think about it. A really efficient totalitarian state would be one in which the all-powerful executive of political […]
No Index
Our Higher Purpose
In a small democracy, people can see for themselves what is worthwhile and what is not. They see the mayor in a fancy new car with a fancy new girlfriend and they ask questions. Source: Getty Images Here’s the latest from the Financial Times: Top defence contractors poised for $52bn cash bonanza as orders soar […]
Gouge of the Century
‘How dumb does she think we are?’ was the question we left you with yesterday. Ms. Harris says it’s time for a change. Which is a funny thing to say when you’ve been the Vice President for the last three and a half years… and your boss was MIA during much of that time. Weren’t […]
Mission Accomplished
The press says inflation is beat…and the coast is now clear; the Fed can get back to doing what it has been doing for the last thirty years — supporting Wall Street with artificially cheap credit. Source: Getty Images The parade of lies and claptrap goes on. Here’s the news from MarketWatch: Federal Reserve Chair […]
La Vie de Chateau (Chateau Life) III
We had expected a small gathering for the Piazzolla event. But so attractive was the show that they sold more tickets than ever before… with many surplus attendees spilling out onto the lawn. Do not wait for life. Do not long for it. Be aware, always and at every moment, that the miracle is in […]
A War for Control of the Planet
Since Western governments have pushed the real costs of their boondoggles and BS into the future, they are now all saddled with huge debts and all are caught in the ‘Inflate or Die’ trap. Source :Getty Images ‘Always, at every moment, there will be the thrill of victory, the sensation of trampling on an enemy […]
