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October 24, 2018 | Extraordinary Confiscations by The State

Bob Hoye has been in investment business for some 50 years, making him one of the more experienced researchers. His historical work has been thorough providing the first recognition of the fascinating transition from speculation in commodities to speculation in financial assets. It was controversial when Bob observed that “No matter how much the Fed prints, stocks will outperform commodities”. In January 2000, the research team concluded that the Dot-Com Bubble would peak in March 2000. In early 2007, the team outlined that the credit markets would reverse in May-June 2007. They did and the stock market followed. The latest was the call in early October for the Bitcoin Bubble to complete in December. Bob’s essays and speeches on political change and on actual climate change have been widely circulated.
The two ways the state aggrandizes itself is through raising taxation to levels that prompt protest. Ambition beyond these revenues has been funded through excessive debt issuance made easier to service through currency depreciation. Within the classical world, Rome enjoyed a relatively free economy until there was enough accumulated wealth to fund bureaucratic ambition – eventually without limitation or accountability. Rome turned into a murderous police state, which ruined the economy and the Empire, becoming a predatory bureaucracy, collapsed.

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October 24th, 2018

Posted In: Charts and Markets - Bob Hoye

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