Three Forces & the 1983 Pattern That Explain It All “Those who fail to learn from history are condemned to repeat it.” — Winston Churchill If you follow markets, you’ve probably seen the headlines: Gold down nearly 20% in two months. Bombs are falling in the Middle East. Oil is above $100 a…
How a Trip to Uruguay Changed the Way I Think About Money “Abram was very rich in cattle, in silver, and in gold.” —Genesis 13:2 Three weeks ago, I stepped off a plane in Montevideo and spent two weeks exploring Uruguay—endless empty beaches, rolling green hills dotted with cattle, gauchos…
Parallels Between 1929 and Today’s Financial Fragility “The only thing we have to fear is fear itself.” – Franklin D. Roosevelt, 1933 In the final months of 1929, America looked unstoppable. Cities glowed with electric light. Streets swarmed with automobiles. Radios carried jazz, ball scores, and a steady stream of…
How a forgotten economist foresaw the crises we’re repeating today “Where is the wisdom we have lost in knowledge? Where is the knowledge we have lost in information?” — T. S. Eliot, Choruses from The Rock In 2025, global debt hovers at levels unseen since the Great Depression. Inequality has…
“In the end, money is just a belief system — and when that belief falters, people reach for what’s real.” — Ray Dalio If you’ve been following the precious-metals world lately, you’ve probably noticed a growing sense of unease — and for good reason. Gold and silver have been rising…
“It’s not what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” — Mark Twain When I was a little girl, I had big questions. Why do we have to sleep? Why do we die? Why do we need money to…
“There is no theory of the spark. Only of the combustible material.” — Charles Kindleberger In March 2023, Silicon Valley Bank insisted it was safe. By nightfall, depositors had withdrawn $42 billion—the fastest bank run in U.S. history. Another $100 billion was queued for the morning. The speed was new….
“Gold is the only coin that never depreciates.” – Thomas Bailey Aldrich With U.S. public debt now approaching $37 trillion and the Federal Reserve’s balance sheet still near $7 trillion, policymakers face fiscal constraints unseen in decades. Interest payments now consume over one-fifth of federal revenues, narrowing the government’s fiscal…
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” —Henry Ford A New Monetary Era Begins: Born Into Fiat On this day, I was born 54 years ago—just…
On Tesla, Charisma, and the Illusion of Value in the Age of Narrative Capital “The more a society drifts from truth, the more it will hate those who speak it.” — George Orwell Something curious has happened to markets over the past two and a half decades: they’ve lost their…
“Outstanding, sophisticated, and mesmerizing…a spiritual intrigue similar to Dan Brown’s The Da Vinci Code.” —ForeWord Reviews