As I am sure you are aware, we have entered tumultuous times. In this article we are going to consider the Big Picture and what it means to us as investors.
The core of the problem facing the financial system is debt saturation and this is much more of a problem for the western world than for the East for the reason that the West, especially the US, has eviscerated its productive capacity – in the US most production has been moved overseas to places like China which works fine until the day arrives when they are no longer prepared to accept piles of intrinsically worthless paper in exchange for goods and services. Continue reading
I’m not much into the economic area. It’s far from being my long suit. But I caught an item on the news this morning that grabbed my attention. It talked about how, in our present day, most young couples cannot afford to buy a home. With Biden’s inflationary policies running amok the American dream of owning your own home and setting roots down in your own community is now “out of reach.” I noted, awhile back, another news item I saw about how most young folks in the 25 year old age bracket are still living with their parents instead of getting out on their own. It’s lots cheaper. 
The magazine was DISCOVER, October 1998.
I have written to you more times than I can count about how the US government’s own budget officials forecast a $20 trillion increase in national debt over the next ten years.
The historical embodiment of monetary freedom is the gold standard. The era of its greatest flourishing was not coincidentally the 19th century, the century in which classical liberal ideology reigned, a century of unprecedented material progress and peaceful relations between nations. Unfortunately, the monetary freedom represented by the gold standard, along with many other freedoms of the classical liberal era, was brought to a calamitous end by World War I. 
