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The Cycle of Freedom

The Cycle of Freedom Periodically, I offer up a statement by Scottish economist Alexander Tytler, who, in 1787, was reported to have commented on the then-new American Republic as follows: A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until […]

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Investing in Collapse

Investing in Collapse For years, I’ve been writing about Venezuela, describing it as the “movie” by which we can view the future of other jurisdictions that are presently in decline. The reason is that declining nations follow the same pattern, time and time again, over the centuries. This is not coincidence. The pattern exists because […]

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Nothing Exceeds Like Excess

Nothing Exceeds Like Excess The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists. —Ernest Hemingway Military spending is the second largest item in the US federal budget after […]

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China Is Days Away From Killing the Petrodollar

China Is Days Away From Killing the Petrodollar Not long ago, there was a popular joke in China that went something like, “Who is Xi Jinping?” The answer was, “The husband of Peng Liyuan,” the famous singer Xi is married to. Today, Xi is China’s president. He leads 1.4 billion people. And he’ll likely be […]

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Trump’s Tariffs Could Start a Real War

Trump’s Tariffs Could Start a Real War Trump’s steel and aluminum tariffs may set his epitaph in stone… “Herbert Hoover II.” History remembers Hoover as one of the worst American presidents. Like Trump, he was a rich international businessman. He was also a political outsider. Hoover hadn’t held public office before his 1929 inauguration. And, […]

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How China Could Freeze the US Military

How China Could Freeze the US Military Last April, President Trump launched 59 Tomahawk cruise missiles into Syria. He was responding to an alleged chemical weapons attack by Bashar al-Assad’s Syrian government. It was Trump’s most dramatic military move since he became president. It was also the United States’ first deliberate attack on the Syrian […]

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The All-Important Doorman

The All-Important Doorman Picture this: A tribal leader from a distant country visits the US. He’s brought to a large apartment building in New York City. When he gets out of the car, he looks up at the great building and is quite impressed. A uniformed doorman exits the foyer and comes out on the […]

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The Antidote to Optimism

The Antidote to Optimism It is always brightest before they turn the lights out. You can quote us on that, Dear Reader. Just when you thought things couldn’t get better… guess what? They don’t. They go dark as a dungeon. Antidote to Optimism Our task today is to show that however wonderful things may appear […]

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A Bedtime Story

A Bedtime Story We are explaining our money system to our grandson, James, now 14 months old… His mother tries to get him to go to bed at 9 p.m. But the little boy’s internal clock is still on Baltimore time; it tells him it is much too early to go to sleep. Bill’s living […]

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Are Governments Running Out of Candy?

Are Governments Running Out of Candy? By now, many readers will have seen the popular American YouTube video by Mark Dice in which he stands on a city sidewalk and offers passers-by a free gift. They may choose between a 10-ounce silver bar or a large Hershey’s candy bar. Each taker chooses the candy – […]

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Doug Casey on What Happens After the Next 9/11

Doug Casey on What Happens After the Next 9/11 Is a police state in the US possible? Absolutely. That’s because people are essentially the same the world over, regardless of their culture, religion, race, or what-have-you. A certain percentage of them are sociopaths. There is a standard distribution of sociopaths across time and space. It’s […]

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Where Does It End?

Where Does It End? It’s nothing new. Whenever a major country is in decline and approaching collapse, a contingent arises that does everything it can to speed up the process toward collapse. This is always done in the same way: Vilify the established rulers as being the culprits for the nation’s woes. Establish simplistic arguments […]

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What Will Push Them Over the Edge?

What Will Push Them Over the Edge? Recently, the people of two of Italy’s most prosperous regions voted in a referendum, on whether they wished to have greater autonomy from Rome. The referendum is non-binding, but that’s not what’s most significant in the results. What is significant is that over 95% of those who voted […]

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The Destruction of the Dollar

The Destruction of the Dollar “Inflation” occurs when the creation of currency outruns the creation of real wealth it can bid for… It isn’t caused by price increases; rather, it causes price increases. Inflation is not caused by the butcher, the baker, or the auto maker, although they usually get blamed. On the contrary, by […]

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The Secret Reason Trump Is So Cozy With Saudi Arabia

The Secret Reason Trump Is So Cozy With Saudi Arabia As a candidate, Donald Trump used uncommonly harsh language to criticize Saudi Arabia—the world’s largest oil exporter. He called the Saudi regime the world’s biggest funder of terrorism. He also said the Saudi government uses “our petro dollars—our very own money—to fund the terrorists that […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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