Fool’s Gold comes in many guises, whether it is in fake paper money, Ponzi investment schemes, fake and manipulated gold derivatives, Bitcoin, or just fake gold discoveries in Uganda, all of which are discussed in this article.
‘The tendency of an inconvertible paper money is to create fictitious wealth, bubbles, which by their bursting, produce inconvenience.’ – Lord Liverpool 1810 (UK Prime Minister 1812-27)
The elegant and understated courtesy of the English is well known. “Inconvenience” is for an early 19th-century aristocrat what a modern Englishman today would call a “bloody mess.“
Confucius described this trait 2,500 years ago:
“The noble-minded are calm and steady. Little people are forever fussing and fretting.” – Confucius
As we know from history, paper money doesn’t just cause an inconvenience, as Lord Liverpool said, but a collapse of the monetary system and of the economy involved.
In today’s decadent and morally bankrupt world, leaders tend to be “fussing and fretting little people” who frantically “create fictitious money and wealth”. This is why, as we enter the final stage of this era, we will see more sackings of leaders (Boris Johnson), assassinations (Abe), and escapes (Gotabaya Rajapaksa, Sri Lanka President).
Social unrest and civil wars will sadly be commonplace too.
The combination of weak leaders and fake money is a fitting end to a major economic cycle. It actually couldn’t end in any other way.
But the…
