Day: November 21, 2021

Preparedness Notes for Sunday — November 21, 2021

On November 21, 1916, Britannic, the sister ship to the Titanic, sinks in the Aegean Sea, killing 30 people. In the wake of the Titanic disaster, the White Star line had made significant modifications to the design of the ship, but on its way to pick up wounded soldiers near the Gulf of Athens, it was rocked by an explosion causing even more damage than that which had sunk the Titanic. Many of the dead were from some of the crew who attempted to launch lifeboats while the Captain tried to run the ship aground. The lifeboats were sucked up …


Inflation Risk: Milton Friedman Would Buy Gold Right Now, by Arkadiusz Sieroń

Editor’s Introductory Note:  This guest article, reposted with permission, was authored by economist Arkadiusz Sieron, PhD. It was first posted by Sunshine Profits. — Powell maintains that inflation is transitory, but the monetary theory of inflation suggests otherwise. So, elevated inflation could stay with us! Some economists downplay the risk stemming from elevated inflation, saying that comparisons to the 1970s style stagflation appear unfounded. They say that labor unions are weaker and economies are less dependent on energy than in the past, which makes inflationary risks less likely to materialize. Isabel Schnabel, Board Member of the European Central Bank, even …



The Editors’ Quote of the Day:

“The Pharisees also with the Sadducees came, and tempting desired him that he would shew them a sign from heaven. He answered and said unto them, When it is evening, ye say, It will be fair weather: for the sky is red. And in the morning, It will be foul weather to day: for the sky is red and lowering. O ye hypocrites, ye can discern the face of the sky; but can ye not discern the signs of the times? A wicked and adulterous generation seeketh after a sign; and there shall no sign be given unto it, but …