26.08 George, Western Cape: Cradock and George Ridge, an opportunity from on high.
'Cheers from a colorful George' as we move up into the mist. We knew we were back in South Africa when we walked into the supermarket, Pick 'n Pay. Strung up from the ceilings (not people, mind you; please don't fret) but posters advertising the onslaught against inflation. Bring back the seventies. That was the old understanding we always had and which makes sense--call us squares, you won't be the first. Lower or at least, stable prices make sense to us. However, ask Bernanke or his successor Yellen, not to mention the dictators at the world's central banks for their 'wisdom'. 'We need inflation they say.' Rising prices are what they seek aggressively as they pursue negative interest rates. Well, we are old-fashioned; we admit we have not cottoned on to the new thinking, the new age. Mind you, that could be said for many things but that's outside the realm of economics. Anyway, with the various shocks to the system, I find myself g...