Monty Pelerin's World

Collapsing civilizations happen infrequently. The process, at least in the beginning, is slow and unnoticed. Even in advanced stages, most people are oblivious to what is happening. They mistake a [...]

Bob Chapman summarizes matters quite nicely: Public debt has become a problem worldwide. What is becoming more and more evident is that it is unsustainable and simply unpayable. It could [...]

The end is near, according to this post from Mike Krieger that appeared on Zerohedge: I believe we have finally breached the tipping point in the socio-political landscape of the [...]

The chart below illustrates rather dramatically the inevitable collapse of the Ponzi scheme known as public pensions. By 2030 France will only have two people working to pay the benefits [...]

The darling of the politicans in Washington has become not-so darling. Social Security, for decades a hidden slush fund that allowed pols to spend beyond what they taxed, has turned [...]

The following represents a comment received on the post The Wealthy Beg. I thought it important enough to deserve a post. It provides an explanation of SIPC and how it [...]

In a further sign of the deterioration of society, the wealthy (or formerly wealthy) believe they are entitled to be bailed out for their losses. The victims of the Madoff [...]

These three articles are must reading for anyone interested in the future of the economy.  No investor or citizen should be ignorant of the possibilities raised in these articles. Ponzi [...]

The establishment of Social Security as a retirement program should have been so simple that a caveman could have run it. Probably, but not our political geniuses. Once considered the [...]