Today, we consult the (fictional) ‘Argentine Economic Survival Manual’. There’s no better resource. Because there’s no cockamamie money scheme…no jackass spending program…and no underhanded rip off that the Argentines haven’t tried…at least once.
Necessity may be the mother of invention. But it is the deadbeat dad of intervention, too. The authorities use ‘necessity’ to meddle, control, tax, and spend…while providing no real support.
Where does the money go? Wherever the elite wants it to go, of course. This is not the kind of market economy where you get by giving. That is, you don’t get wealth by creating…
So what should you do? The big money over the last 10 years was made by front-running the Fed — buying stocks and bonds, knowing that the Fed would pump them higher. How can we…
The first wave may take our lives; the second tortures, torments, and twists them into grotesque new shapes. Bars are closed, as are shops…offices…airlines…restaurants…beaches…parks. And the feds have brought down upon us calamity never before…
We’re now only seeing the first part of the costs — unemployment, lost profits, lost sales, dead businesses, breakdowns, suicide, careers on hold, lives suspended…The next part will be even costlier. Fake money will foul…
To bring new readers up to date, the originarios are a group of malcontents in Argentina (mostly in the mountains) who claim ‘indigenous rights’ above and beyond the rights of others.
How will these big, new programs be funded? Tax revenues are collapsing. Deficits are exploding. There’s only one funder-of-first-and-last-resort: the Federal Reserve.
You can’t create real wealth with fake money. And cronyism destroys wealth; it doesn’t create it. So we probably haven’t seen the last of Mr Bear Market…
Let’s first turn to the coming economic, political, and social ruin of America… A page from Argentina’s book. There’s an advantage to spending time in a place like Argentina. It’s been through these things before.…