(1) "fiat money inflation in france" mises.org script says that when ever-worth-less and eventually worthless money is being printed
(1 i) bad money drives out good money
(1 ii) pop-culture spendthrift-ing, entitled laziness, and facebook unproductive speculation drives away thrift, enterprise and investment
(1 iii) bad mob politics overwhelms good policies
in several words, descent, devolution, debacle, debt deflation, depression, distribution, dissolution, and demise
recommendation: do not fight the trend even if it isn't our friend
(2) we of this generation are fortunate to be able to learn by firsthand experience the once-in-several generations inflection process, much as these tourists were able to witness an iceberg flipping over
ca.news.yahoo.com
(3) we are more blessed in that we have read tomorrow's financial times today, to study very convincing historical facts that show a way to certainly opt-out of the coming direness, and possibly benefit by the inexorable process and do better at the inevitable zero-state reset - iow, we are allowed an opportunity to front run, on ignored information, and even to earn as we go in self-sustaining and very entertaining on-line gaming
(4) keeping it simple, zirp tees up all activities until all activities become not worthwhile, removing all opportunities for alpha, leaving just risk-on/off beta, and over time, dust to dust
(5) at the inevitable debt depression deflation dissolution time, only cash would do, and amongst the various flavors of cash, per historical fact, only the elemental cash remain the last standing
all making our daily news watch protocol very simple
step one: check gold pricing
step two: go do anything else, and avoid pissing up hill into the wind
(6) speaking of money, i was able to secure several copies of "asia geographic" 88th edition, titled "money".
i thought i had aggregated enough, and in truth i had aggregated all that were still available in money rock hong kong cbd, and yet i have ran out. however, there is still gold around. i encourage you to try and source some, the former to pass down to the next generation as teachings, and the latter as starting-stake seed-corn or (may it never be so) call-of-duty backstop
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