Tag Archives: Venezuela

The Fantasy of “Balanced Returns” Funding Retirement

The fantasy that a “balanced portfolio” yielding “balanced returns” will fund a stable retirement for decades to come is widely accepted as a sure thing:inflation will stay near-zero essentially forever, assets such as stocks and bonds will continue yielding hefty … Continue reading

Posted in General | Tagged , , , , , , , | Leave a comment

Sustainability Boils Down to Scale

Several conversations I had at the recent Peak Prosperity conference in Sonoma, CA sparked an insight into why societies and economies thrive or fail: It All Boils Down to Scale. In a conversation with a Peak Prosperity member who goes by MemeMonkey, … Continue reading

Posted in General | Tagged , , , , , , , , | Leave a comment

The Choice For Venezuela Is Stark: Either Print Money and Fail or Establish Sound Money (USD to the Rescue?)

Let’s start our analysis of Venezuela’s economic plight with two exhibits: Exhibit A is a chart of the market (free) exchange rate of the Venezuelan Bolivar and the U.S. dollar (USD), and Exhibit B is a chart of the USD. … Continue reading

Posted in General | Tagged , , , , , , | 3 Comments

Why the Periphery Is Crumbling: The Spoils System Is Cracking

Instability starts on the periphery and moves into the core. While it is clear that the instability in periphery nations is arising from dynamics unique to each nation, there is one unifying causal factor: the spoils system in each nation … Continue reading

Posted in Politics / World News | Tagged , , , , , , , , , , , | 5 Comments