[EBH]

I am really moving to sitting on the fence and just watching this all unfold.

Been reading a book, “When Money Dies” by Ferguson.

Found a cliff-notes version last night on YouTube. I am feeling more and more like we cannot get a handle on any of this. And very much like the people of Weimar, millions are uneducated regarding money. Not saving it, not investing it, but how the monetary system flows, money velocity, and how a reserve currency functions within the global scale.

The cliff-notes version I listened to last night left me less than hopeful for the immediate future. AND it was incredibly interesting listening to all the tactics Weimar Germany tried from WWI until the crash to stabilize things. Even switching to a gold type standard failed. At some point it all fails because the economic damage is too great.

Listening to the excerpts did not give me a good nights rest. The only take-a-way was learn to grow food, have a market size garden if you can. All the other schemes fail.

It really was quite disturbing to realize history is indeed about to repeat itself.

When Money Dies: Deficit Spending, Devaluation and Hyperinflation in Weimar Germany (Adam Fergusson)
https://www.youtube.com/watch?v=9OJfUdQ9U2w&t=16s

Off YT: https://theworthyhouse.com/2020/06/15/when-money-dies-the-nightmare-of-deficit-spending-devaluation-and-hyperinflation-in-weimar-germany-adam-fergusson/

[PeterPrinciple]

I am really moving to sitting on the fence and just watching this all unfold.

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Yes, the Invisible Hand is at work. It moves slowly.

There are things we are not in control of but there are some things we are in control of.

We are given a short sword to engage other individuals. We must engage them, if they don’t want to engage, shake the dust from feet and move on until you do find one, then camp and disciple.

[Secret Agent Man]

If you have a garden it will be stolen/raided.

[PeterPrinciple]

The cliff-notes version I listened to last night left me less than hopeful for the immediate future. AND it was incredibly interesting listening to all the tactics Weimar Germany tried from WWI until the crash to stabilize things. Even switching to a gold type standard failed. At some point it all fails because the economic damage is too great.

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A few thoughts:

1) One of our best investment right now may be people. Money in the bank will not do us good. But investing in people is very risky, but still worth it.

2) The coming tough times is the cure. Now is the time to prepare for rebuilding. How do we do that? What does history teach us?

[SeafoodGumbo]

Thanks for those links. I'm going to read/watch them a little later.

I have a feeling you might like the book "The Lords of Easy Money: How the Federal Reserve Broke the American Economy" by Christopher Leonard, which I got recently. This podcast describes the book:

https://www.youtube.com/watch?v=j5CaW3O_Ms4

[Red in Blue PA]

Are you able to guard your garden 24/7 with guns?