“If you know a 26-year-old who can get out of the market before the financial industry collapses again, first of all, she’s very smart. I want to meet her. I’d say to her, you better start reading a lot of history next year to temper your enthusiasm. The same result is coming again. Secondly, she should definitely know another language. Finally, she should definitely, if she likes the outdoors, farming or planting, consider agriculture. We’ve had many periods in world history when the financial types have been the center of the universe and many periods when the people who produce real goods are the center of the universe. Well, that’s coming again.”
Related posts:
Money Will Be Digital — But Will It Be Free?
Murray Rothbard: Fighting for Oil? [1990]
Syria and the Perpetual War Economy
Bill Bonner: Fed's QE has not created one single extra job
The “Zero Hour” Scenario
Bill Bonner: When the Feds Tell You Bend Over…
The Echo Boom in Housing-Recovery Stocks
Who Can Best Advise You?
Agorism and Nazism: A Study in Polar Opposites
Fred Reed: The Eye of Sauron
The Triumvirate of Modern Warfare
North Korea and the United States: Will the Real Aggressor Please Stand Down?
Political Savvy of Osama Bin Laden vs. US Foreign Policy Establishment
Should We Celebrate the American Revolution?
In France's Welfare State Status Quo, Are We Seeing America's Future?