There is nothing wrong with trying to preserve one's capital in hard times, but the only real solution is to use one's capital to stop the present trends. In the long run, there is no way to profit from a destroyed America. There is no refuge from a collapse. There is no way to protect your assets, your home, your job, your family, your freedom. As Henry Hazlitt phrased it, "There is no safe hedge against inflation except to stop it." G. Edward Griffin, "The creature from Jekyll Island", 1994

Absolutely wonderful conversation with the 95-year old Thomas Sowell. Can't recommend it enough

Just finished watching Javier Milei's recent 4h30min podcast with Alejandro Fantino. This absolute madman brought a 6 page handwritten document with economics notes and was lecturing them live on air. Love him or hate him, no other president would do this, and we need more of it. Here depicted a part where he explains the Hume-Cantillon effect. According to his plan, Argentina should have close to 0% inflation mid 2026, which left the host speechless. Big if true, let's see!

This is a nice joke, but the interesting thing is: if you can make millions a year consistently, without running out of "customers", then by the laws of the free market, you must be providing a valuable service to someone, otherwise it wouldn't happen! The label of "Fraud" is actually irrelevant or added by a regulating State. Note how a scam wouldn't apply here, because one would run out of willing "customers" quickly. If a fraud consistently generates millions a year, it's not a fraud. "If it's stupid but it works, it's not stupid!"

G.T.T. - Gone to Texas