When a trend has been firmly in place in the world for 45 years, a reversal of that trend must be the result of a profound change which will produce a new trend. The new trend is deflation, contraction of credit
I was born in 1932. As a little boy, I loved to play in my father's store after school hours, and one afternoon when I was perhaps eight years' old, one of the salesmen took two gold coins out of his vest pockets...
The day is approaching when we are going to wake up with an inevitable world financial crack. What are those accustomed to living off of government spending, either directly or indirectly (which includes practically all of us) going to do?
A presentation by Hugo Salinas-Price, President of the Mexican Civic Association, A.C., offered to the St. Petersburg International Economic Forum, June 16-18, 2016, at the generous invitation of Mr. Sergei Prikhodko, Deputy Prime Minister of the Russian Federation.
"Mainstream Economics" imitates the methodology of Physics because of the enormous prestige that has accrued to Physics over the past four centuries, and is thus leading the world to an economic, political and social collapse which will mark the end of an Age.