When it is dark enough you can see the stars. Ralph Waldo Emerson
The Western world is full of:
1/ People with no education about money or life,
2/ people who have never known poverty or hunger,
3/ people who assume that the government can/will always help them,
4/ people who assume that how it is, is how it will always be.
It is a harsh and dangerous world and no amount of government borrowing and expropriation can hide that for much longer.
We face times that are hard beyond imagination. An old and pithy saying (a proverb) comes to mind: A fool and his money are soon parted. I have Bitcoin in mind as I write that.
But it will not be restricted to Bitcoin holders. Many prudent and hard-working people are going to lose everything. I am still being approached about ‘investment opportunities’ in real estate!
A time of great pain is upon us.