A Little ‘Not-So-Light’ Reading Tonight.
On a stormy summer’s night in south Florida, what could be better than Jameson’s on the rocks (an oddly prophetic metaphor for our country’s financial state) and some ‘doomer’ non-fiction; specifically – When Money Dies, by Adam Fergusson.
As a blurb review on the cover states: “a timely warning of the potentially dire consequences when central banks hit the printing presses.”. You guessed it; this book is about the Weimar Republic and the hyper-inflation that destroyed it after WWI.
I won’t do a review here, but I’d like to share a rather telling quote from a once well-off woman caught in the throes of a spiraling currency devaluation. On page 22 she laments: “The fact that the future is so uncertain has led to stagnation in industry abs public works, and swelling numbers of unemployed supported by the state.”
Are you prepared?
QE3 is coming.
Have a plan.
Be safe. Be prepared.