Guyana & the Future


QUESTION: Hi Martin, thanks for including little Guyana in your blog today. I was born in Canada, but my parents emigrated from Guyana decades ago. I haven’t been back yet. Nevertheless, I am eager to see great things become of the country, have been tracking the oil industry developments there, and am invested in it as well. I want to see this country elevate out of poverty as a result of all of this but I am concerned about lack of strong and moral leadership and corruption. If you don’t mind me asking, what makes you so confident that democracy will rule out? Growth is growth, but all we have to do is look across the pond to Africa to see the mix of growth and corruption!
Thanks as always sir – your teachings and insights have reshaped me many times over.
Regards, D

ANSWER: I am not certain that Guyana will be the perfect democracy. South America has historically had a problem with corruption in government. The US sanctions against Venezuela are really stupid. The economy was turning down dramatically and the government has done everything possible against the people. The US sanctions merely give people an excuse to point to the US as the cause of the economic decline despite the fact that the sanctions were put on in response to the events and not before them. I am opposed to sanctions anyhow because they never seem to work. They boosted the support for Putin instead of causing the people to blame Putin. This is really brain dead.

Nevertheless, simply because you can invest in Guyana is a major difference in comparison to Venezuela. There will be corruption. That seems to be systemic in South/Latin America, but it is also a rising problem globally. Hopefully, they will still keep the free market as long as they get their fair share under the table unlike Venezuela. We have added the currency to Socrates.

Manipulating the World Economy – COMING SOON


“Manipulating the World Economy” has been printed and shipped to Amazon. We are hoping to have the links up for Christmas. I have tried to make this an interesting textbook on the world economy and how it functions. Every page of this hardcover book is printed in full color. I have illustrated everything I could get my hands on, including old newspaper articles from contemporary events, so you can read what I read. This illustrates the problems we have with governments and how they have lost control of events going forward.

  

I have tried to cover all the important subjects such as economic theories, Philips’ curve, supply & demand, random walks, defining what is really money, banks and their role in the creation of money, capital flows that overpower domestic policy objectives, taxation, a history of contagions, Modern Monetary Theory, and class warfare – among many more subjects.


These hardbound, full color books will make great Christmas gifts. They will be priced under $100.

(Click on any image above to enlarge)

We will let everyone know the moment they go on sale in Amazon.

The Mother of all Financial Crises


COMMENT: Sir,

While taking a break from reading the Repo Report, I came across these words written by Albert Einstein before he passed away

“Not one statesman in a position of responsibility has dared to pursue the only course that holds out any promise of peace…” he wrote. “For a statesman to follow such a course would be tantamount to political suicide. Political passions, once they have been fanned into flame, exact their victims.”

I fear we are going to crash and burn as you have said

Keep up the good work

DK

REPLY: That is a very good quote. It is so true. All the disinformation circulating around about this Repo Crisis one must question can they really be that stupid? This is really the Mother of all Financial Crises which will impact everything it touches. This will make the 2007-2009 financial crisis look like a trial run.There is no politician who will stand up and talk about this crisis nor will they dare to even ask pertinent questions for fear what will be revealed.

This is why this report does not end with this report alone. We will update it next year as everything unfolds. So it is more like a subscription to this catastrophe.