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The Koyaanisqatsi Economy
The Koyaanisqatsi Economy KoyaanisqatsiThe film Koyaanisqatsi was released in 1982. The title means ‘life out of balance’ in the language of the Hopi, a Native American tribe who live(d) mainly in what is now north-east Arizona. It is directed by Godfrey Reggio with music by Philip Glass and cinematography by Ron Fricke. There are no […]
What Is Real Wealth?
What Is Real Wealth? As for acquiring capital–the most important types of capital don’t require much money. What is real wealth? Money, right? Currency, gold, quatloos, you name it.Money is real wealth because you can use it to buy whatever you want. I would argue money in any form is only the means to acquire […]
We Need A Social Revolution
wikimedia We Need A Social Revolution Our future depends on our willingness to fight for it In the conventional view, there are two kinds of revolutions: political and technological. Political revolutions may be peaceful or violent, and technological revolutions may transform civilizations gradually or rather abruptly—for example, revolutionary advances in the technology of warfare. In […]
A Correction To Commenter Matt Damon
A Correction To Commenter Matt Damon Dear Mr. Damon (I like you: can I call you Matt? You’ll never read this anyway, so I’ll call you by your first name). So, dear Matt, The cause of liberty needs people with your spirit. However, I’m sorry, but your recent defense of liberty and independence is so […]
The Coming Great Wealth Transfer
WakingTimes.com The Coming Great Wealth Transfer Spoiler alert! It’s already here. In the past, I’ve warned about the coming Great Wealth Transfer. But now we need to talk about it in the present tense, because it’s here. And it will only accelerate from here on out. The Rich will get richer at the expense of everybody else. This […]
“Gold Is Now Effectively Illegal” In India – The Consequences Of Creating A Cashless Society
“Gold Is Now Effectively Illegal” In India – The Consequences Of Creating A Cashless Society Jayant Bhandari warns “there are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal” as he discusses India’s attempts to create a cashless society (and consequences of it) and why precious metals and geographical […]
Hell To Pay
SkillUp/Shutterstock Hell To Pay The final condition for a market crash is falling into place Sometimes I wonder if I’m ever going to run out of new things to say about the economy. Nothing interesting has happened in a long time. Our liquidity-drunk “markets” remain over-priced due to the chronic intervention of the global central […]
When Government Controls All Wealth
When Government Controls All Wealth Sliding Into Absurdity BALTIMORE – Stock markets continued their rebound on Wednesday. The Dow rose 284 points… or just over 1.5%. London’s FTSE 100 Index was up 3.6%. And Europe’s equivalent of the Dow, the Euro Stoxx 50, was up 2.7%. No wonder the Dragon and his partners in crime […]
Preserving And Creating ‘Wealth’
Preserving And Creating ‘Wealth’ Avoiding loss of one’s ‘wealth’ from whatever crises may befall you and/or your family seems paramount to helping avoid or at least mitigate the negative consequences that accompany emergencies and disasters, or even the general decline of civilisation. With currency devaluation, government overreach, civil unrest, bank bail-in legislation, labour strife, market […]
This Will Be Largest Evaporation of Wealth in Modern History
This Will Be Largest Evaporation of Wealth in Modern History It’ll devastate China’s economy and reverberate around the world Only a handful of countries have a higher savings rate than the Chinese do. For a still relatively poor emerging country with GDP per capita about a fifth of that in the U.S., the Chinese get […]
Gold: Still Misunderstood
Gold: Still Misunderstood Myths That Just Won’t Die Gold just had its best quarter in 30 years. Not surprisingly, gold bears are coming out of the woodwork en masse in the mainstream media and the analyst community (see e.g. this recent write-up by Mish on the Goldman Sachs analyst who has been screaming “short gold” since right before it started […]
Panama Papers only a glimpse into ‘astonishing’ wealth stashed offshore
Panama Papers only a glimpse into ‘astonishing’ wealth stashed offshore Some estimates suggest between 8 and 14 per cent of global wealth is kept in tax havens It’s estimated that at least $7 trillion and up to $32 trillion is currently kept in holdings in tax havens. (Eric Gaillard/Reuters) The provocative revelations coming out of […]
Rotten to the Core
Rotten to the Core Poison Money BALTIMORE – We live in a world of sin and sorrow, infected by a fraudulent democracy, Facebook, and a corrupt money system. Wheezing, weak, and weary from the exertion of trying to appear “normal,” the economy staggers on. Staggering on…. Image credit: David Sidmond Last week, we gained […]
