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Sunday, November 13, 2022

The Cusp of something big?

It makes you wonder whether we are at the end of something, or maybe at the beginning of something very different.

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"In good times people are relaxed, trusting, and money is plentiful. But even though money is plentiful, there are always many people who need more. Under these circumstances the rate of embezzlement grows, the rate of discovery falls off, and the bezzle increases rapidly.

In depression all this is reversed. Money is watched with a narrow, suspicious eye. The man who handles it is assumed to be dishonest until he proves himself otherwise. Audits are penetrating and meticulous. Commercial morality is enormously improved. The bezzle shrinks.”

John Kenneth Galbraith

The Great Crash, 1929 (1955)

Invest in yourself.  Skills, physical assets, real money like gold and silver in your possession.  Unplug, disconnect, disengage, retreat. 

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