In the early 1980's the State of Illinois wanted to build a toll road. So they did the only thing they could do in order to raise the necessary funds, they floated bonds. I was fresh out of High school & had a friend working at the local bank where it was his job to sell these bonds. At the time you could purchase one for 15 grand. The state of Illinois would use the 15k to build the toll road. The bonds payed no yearly interest on the money - but at maturity - in 30 years, the state of Illinois promised to pay the holder of one of these bonds a Million dollars. 15k in 1982 would get you $1 million in 2012, which works out to 12.2% return every year - and yet my friend could not sell those bonds to anybody. Inflation had been running so high for so long, people were conditioned to believe 15k would buy more products & services in 1982, than a million dollars in 2012.
So, how much of your own wealth have you plowed into metals/commodities? I ask only because I want to understand how much you, yourself, believe this is the next rotation?
Interesting turn of events over the last couple of weeks. I never thought I would see the day when our own gov is attempting to cancel Russia. If that isn't the height of absurdity in virtue signaling, I really don't know what is. These attempts to sanction them are inevitably creating a vulnerability which could come back and smack us in the ass. Cutting them off from SWIFT is only going to drive Russia and all the trade they do onto CIPS, the Chinese version of SWIFT. And to make matters worse...look at all of the private companies joining the fracas and virtue signaling their support for cancelling Russia too. When did business people lose their common sense in support of alienating their customers?
I truly believe we are nearing a devastating financial event for the dollar...and when it hits, that second after, chaos will ensue, as the markets have given us an inkling of what is to come.
If you still sleep at night with no worries, do nothing. But, if sleeping at night into your retirement is a goal, you might consider the wise words from Bagholder. I know I have.
Creating generational wealth
Would love to hear your thoughts on “Contrarian “ Funds.
So, how much of your own wealth have you plowed into metals/commodities? I ask only because I want to understand how much you, yourself, believe this is the next rotation?
Interesting turn of events over the last couple of weeks. I never thought I would see the day when our own gov is attempting to cancel Russia. If that isn't the height of absurdity in virtue signaling, I really don't know what is. These attempts to sanction them are inevitably creating a vulnerability which could come back and smack us in the ass. Cutting them off from SWIFT is only going to drive Russia and all the trade they do onto CIPS, the Chinese version of SWIFT. And to make matters worse...look at all of the private companies joining the fracas and virtue signaling their support for cancelling Russia too. When did business people lose their common sense in support of alienating their customers?
I truly believe we are nearing a devastating financial event for the dollar...and when it hits, that second after, chaos will ensue, as the markets have given us an inkling of what is to come.
If you still sleep at night with no worries, do nothing. But, if sleeping at night into your retirement is a goal, you might consider the wise words from Bagholder. I know I have.
This article continues to age well.
Many ratio charts point to this underlying paradigm shift transition in progress. Well written piece on human psychology.