What is money, where does it come from and more importantly where does it go? At first glance, it might appear inexplicable and bizarre that our governments and our rulers have managed to keep their stronghold over the monetary system for 2000 years, especially when one thinks about the countless ways in which they abused that power and used their monopoly to the detriment of their own citizens. It was a mass delusion that facilitated this, a blind belief that they, and they alone, can...
Read More »The Great War Christmas Truce: ‘They Were Positively Human’
“Wishing all of you a very Merry Christmas and only the very best for 2019! I hope you will enjoy reading this article, written by Hunter Derensis, which reminded me immediately of what Ayn Rand said about man: “ “Man – every man – is an end in himself, not a means to the ends of others; he must live for his own sake, neither sacrificing himself to others nor sacrificing others to himself.” Warmest regards, Claudio A 19th-century peace activist once asked, “Is it possible that any...
Read More »Venezuela: when fiat money reaches its intrinsic value
Over the last years, Venezuela has become a modern poster child for the failure of socialism and with good reason. It offers an abundance of lessons and stern warnings for many western nations, but it also provides a very insightful and relevant reminder for individual investors too. Economic, social and human costs Within the space of 5 years, a combination of plunging oil prices and extreme socialist policies have brought the country to its knees, together with its increasingly...
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