The US is headed for ruin and revolution. The revolution will almost certainly be put down, violently. But the ruin cannot be stopped.

Both the liberal and the conservative are in agreement: it is all very well to let the people alone, but only if they do what you want them to do.

If there is one thing that marks families with money in the long term it is this: delayed gratification.

The promise of American capitalism is that it makes people richer, freer and more independent. But since the introduction of Fed, the currency in which Americans keep score has so addled the figures, we scarcely know if we are winning or losing. The dollar we knew as a child - in the 1950's - is only worth a tenth as much today.

None of the problems that caused the crises in Europe and America have been resolved. They have been delayed and expanded by more debt and more money printing and will lead to more and worse crises.

You don't get what you want from investing, you get what you deserve.

Printing up extra money - with no backing - used to be the sort of thing only counterfeiters did. Now it is done by the central bankers and Treasury Secretaries themselves. They don't apologize for it. They don't hang their heads and contemplate blowing their brains out. Instead, they're proud of it... announcing that they 'saved civilization,' or some such claptrap.