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Paul Murray's avatar

At some point, the government simply creates "money" without bothering to record, anchor, secure it with "debt". In other words, it forsakes the travesty of the balance sheet. Then, it's over quickly, if not mercifully. Then we can learn the really important thing: what form does our inevitable political restart take? To "survive" the coming mess, you will need two things: hard assets in whatever form AND the ability to retain possession of those assets throughout and ongoing. If you don't have both of those things, then it doesn't matter what you do, now or ever. Best always. PM

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Brien's avatar

Perhaps the best piece of investment wisdom I ever received was this: “If everyone at the dance is ugly, there’s still dancing going on”.

But what if everyone at the dance has a broken leg, or two?

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