6/18/09

June 17, 2009: 40 ways to lose your future

Peacenik wasn't going to take any recreational reading into the wilderness because Peacenik is going to be busy cutting firewood, harvesting leeks, picking mushrooms, and fishing. But this list from Stoneleigh is something that Peacenik can ponder while the mushrooms cook over an open fire. This is something everyone can ponder. If only some of Stoneliegh's 40 points are valid it is very bad news. Have a good weekend.

Stoneleigh: People have been asking how we see the future unfold. In case you wonder what we stand for, much of our view of what's to come can be found in the primers on the right-hand side bar. Here is an additional brief summary (in no particular order and not meant to be exhaustive) of the ground we have consistently covered here at TAE over the last year and a half, and before that elsewhere.

  1. Deflation is inevitable due to Ponzi dynamics (see From the Top of the Great Pyramid)
  2. The collapse of credit will crash the money supply as credit is the vast majority of the effective money supply
  3. Cash will be king for a long time
Read on...