Thanks for the climate YouTube although old, still useful as we see the fools protesting. We shall soon see we can't afford bad policy anymore. I just don't know what happens when the debt load causes so many failures. Those holding unpayable debt will be badly hurt. There are a lot of SBF's to fall, taking a lot of paper along with them. Real assets still matter as the Chinese are wise to observe as they themselves fall prey to reality. Are they able to exploit their gains in the 3rd world? Can the Chinese wage war of Africans?
Excellent observations as usual HH, thank you for your valuable contributions to our ongoing saga of economic destruction. In hindsight everything appears to be so obvious but when I am in the eye of a storm, riding the high seas laying to a sea anchor, my unfailing tactic is to go below, have a dram of strong liquor, and enjoy the ride.
I other words, recognising those things I cannot change, finding the courage to change those things I can, and praying for the wisdom to know the difference, allows me to find the peace and serenity I need to think clearly and engage my Plan 'B'.
It is only when the storm has passed that I can repair the damage and begin to make way once again:
Thanks for the climate YouTube although old, still useful as we see the fools protesting. We shall soon see we can't afford bad policy anymore. I just don't know what happens when the debt load causes so many failures. Those holding unpayable debt will be badly hurt. There are a lot of SBF's to fall, taking a lot of paper along with them. Real assets still matter as the Chinese are wise to observe as they themselves fall prey to reality. Are they able to exploit their gains in the 3rd world? Can the Chinese wage war of Africans?
Excellent observations as usual HH, thank you for your valuable contributions to our ongoing saga of economic destruction. In hindsight everything appears to be so obvious but when I am in the eye of a storm, riding the high seas laying to a sea anchor, my unfailing tactic is to go below, have a dram of strong liquor, and enjoy the ride.
I other words, recognising those things I cannot change, finding the courage to change those things I can, and praying for the wisdom to know the difference, allows me to find the peace and serenity I need to think clearly and engage my Plan 'B'.
It is only when the storm has passed that I can repair the damage and begin to make way once again:
https://austrianpeter.substack.com/p/progressing-plan-b-a-quarterly-review?s=w