Adam Smith, the father of capitalist theory and modern economics, proposed in his book “The Wealth of Nations” in 1776 a different capitalism that could work for the common good if the market was left to regulate itself without government interference. Since its inception, capitalism has never worked as Smith envisioned. It has been just […]
Since Covid-19 hit the planet early this year, most businesses swiftly changed their business models from offline to online. The number of businesses which are born online every day is staggering. To survive, go online. The trend is online. It is a survival game which is understandable, but how many me-too businesses and me-too products […]
Romans kept the amounts of gold and silver in the minted coins unchanged, they would not have been able to increase spending and wage more wars.
Close the planet for three months and you get a massive global economic downturn. You should not be a Nobel laureate in economics to understand this.
A lot of discussions in the news about the potential return to the gold standard after the collapse of the dollar or the petro-dollar standard. The fact of the matter is that central banks love booms and busts. Gold prevents them from booming and busting the markets. Gold cannot be printed from thin air. It’s […]
When it comes to analyzing and understanding the global crazy events at all levels, ignoring unintentionally or intentionally the past events is a disaster. If we want to understand the current pandemic of Covid-19, we must understand and analyze the previous pandemics to decipher this one. If we want to understand the current financial crisis […]
I do not think that I would add up much to the precious conversation about the importance of gold in good and bad times. However, I strongly believe that the power of questions raises awareness which is always needed. Why humans throughout history never swayed from gold? Why do all the central banks hoard and preserve gold? Why do all investors diversify […]
Naive are those who think that the world would experience something similar to the great depression in 1929. It is going to be worse. In 1929, the planet earth did not shut down like in 2020.
Without further complicating the subject, let’s get directly to the crisis of 2020. Is Corona virus collapsing the markets? The simple answer is no. It is a contributing factor to the culminating crisis. The world has known Ebola, bird flu and swine flu but none of them grounded flights, closed airports and forced full lockdowns. What […]
When companies face a risky situation, the normal business practice is that senior managers end up with a graph that nobody understands. The resulting data is compiled from a mixture of complicated analyses that do not diagnose the problem or provide a way to a solution. Such analyses usually further complicate the situation. Who is […]