I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???

Monday, 31 August 2009

The fat American consumer is well fed by asian labour, until the lean times begin!

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Sunday, 23 August 2009

Freedom in Iraq

This was their basic government: The elders of the community acting as leaders and decision makers, the young providing the brute force of police and military action, and the senior elder acting as judge.

The system had many great benefits. There was no divide between police and the people because everyone either was or lived with a police officer. Since every household had a police officer, if a stranger came to town, someone always noticed and notified the patrol. Although surrounded by violence on all sides, in my seven months in Iraq that is the only town where I could walk the streets without body armor and enjoy relaxing dinners without fear of being attacked.

There was a strongman directly to the north of the village who dominated his area as a tyrant extorting money from businesses and households. He never once made a move against this village. If he had attempted to extort money from one house or shop, every able-bodied man would have emerged armed with an AK-47 ready to fight.


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Wednesday, 19 August 2009

Deflation Theory Is Lemon We Have All Been Sold

For much of the last year, central bankers, industrial leaders and politicians have been warning us about deflation. Falling prices, they tell us, will create another 1930s-style depression. The only answer is to print money furiously.

Now it turns out the theory is a lemon.

Deflation is no threat at all.

It doesn’t prevent an economy from functioning, and it doesn’t stop it from recovering either. The evidence suggests a period of sustained deflation might be what indebted economies need to get them back on the right track

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