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When All Crimes Are Those Against the State
When All Crimes Are Those Against the State “Do not encroach against others or their property.” The above principle is a simple one, yet it’s the basis for all criminal law. In turn, criminal law is the basis for Common Law, the legal system for English-speaking peoples and much of the rest of the world. […]
Quantitative Brainwashing
Quantitative Brainwashing We’re all familiar with the term, “quantitative easing.” It’s described as meaning, “A monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply.” Well, that sounds reasonable… even beneficial. But, unfortunately, that’s not really the whole […]
An Empire Self-Destructs
An Empire Self-Destructs Empires are built through the creation or acquisition of wealth. The Roman Empire came about through the productivity of its people and its subsequent acquisition of wealth from those that it invaded. The Spanish Empire began with productivity and expanded through the use of its large armada of ships, looting the New […]
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 […]
Falling From Grace
Falling From Grace Years ago, Doug Casey mentioned in a correspondence to me, “Empires fall from grace with alarming speed.” Every now and then, you receive a comment that, although it may have been stated casually, has a lasting effect, as it offers uncommon insight. For me, this was one of those and it’s one […]
Give Me Liberty or Give Me Debt
Give Me Liberty or Give Me Debt Some people are more observant than others. Some are more capable of thinking outside the box than others. Whether this is by nature or nurture is a moot point. When we are children, we tend to look upon the world in all its wonder. We are amazed at […]
If a Tree Falls in a Forest…
If a Tree Falls in a Forest… In the late eighteenth century, Bishop George Berkeley posed the question, “If a tree falls in a forest and no one is there to hear it, does it make a sound?” Since that time, generations of university philosophy professors have required their students to consider the question. Countless […]
It Will Happen Suddenly
It Will Happen Suddenly As the Great Unravelling progresses, we shall be seeing many negative developments, some of them unprecedented. Only a year ago, the average person was still hanging on to the belief that the world is in a state of recovery, that, however tentative, the economy was on the mend. And this is […]
Leave Home
Leave Home As an increasing number of people realize that their home country is becoming a liability to them, the most common question I hear from them is, “What do I have to do to remain where I am and still be assured that I’ll be able to retain both my wealth and my freedom?” […]
When in Rome
When in Rome Over its last one hundred years, the State steadily devalued the currency by 98% The high cost of government—particularly, growing entitlements and perpetual warfare, coupled with a diminished number of taxpayers, led the government to massive debt, to the point that it could not be repaid. Those citizens that were productive began […]
Question Everything
Question Everything The average person in the First World receives more information than he would if he lived in a Second or Third World country. In many countries of the world, the very idea of twenty-four hour television news coverage would be unthinkable, yet many Westerners feel that, without this constant input, they would be […]
Who’s Got the Gold?
Who’s Got the Gold? In 1971, the US abruptly went off the gold standard, and in making the public announcement, US President Richard Nixon looked into the television camera and said, “We’re all Keynesians now.” I was a young man at the time and had previously bought gold, albeit on a very small scale, but […]
The New World Order, Courtesy of Rube Goldberg
The New World Order, Courtesy of Rube Goldberg In the 1930s, cartoonist Rube Goldberg became famous for designing machines that sought to fulfill a task, but did so in such a complex way as to be utterly ridiculous and, very possibly, unworkable. Governments, of course, are Rube Goldbergs on steroids. They have a penchant for […]
The Blind Leading the Clueless
The Blind Leading the Clueless (Gregory Mankiw, an economics professor at Harvard, interviews Janet Yellen.) Most of us watch television. In part, we seek to be entertained, but, additionally, we often seek to be enlightened as to “what’s going on.” In a difficult era like the present one, in which some of the most prominent […]
