People of privilege will always risk their complete destruction rather than surrender any material part of their advantage. Intellectual myopia, often called stupidity, is no doubt a reason. But the privileged also feel that their privileges, however egregious they may seem to others, are a solemn, basic, God-given right.
Earlier this year, gold prices hit all-time highs in most major currencies.
It also broke above $1,500 in dollar terms. The highest itâs been in 6 years.
This shouldnât come as a total surprise with a trade war between global economic powers, global debt spiraling out of control, Iran and North Korea building up weapons.
The world is in uncharted waters.
Are the chickens going to come home to roost?
A good rule to live by in modern America is that you can never be too cynical. No matter how negative your view of something, particularly politics, you are most likely being naive or optimistic relative to reality.
If you go back a few decades, youâll find that every cynical joke about how things will get worse turned out to be sunny optimism, at least with regards to politics and culture. Sadly, the doomsday predictions about meteor strikes and other
catastrophes turned out to be false.