Warum gibt es etwas und nicht nichts? (Why is there something rather than nothing?) - Leibniz

Sunday, October 18, 2009

Wine pressings

The crush of the present distils wisdom:

In general, my own prescription is all that I will share. I am 58 years old, and have amassed a fair amount of savings over the past twenty years. My general rules for the current period now are:

1. Get liquid. Have little or no debt. Be in cash and diversified. Reduce your expenses.
2. Get as far away as you can from Wall Street and dollar based assets as is practical.
3. Put something you can spare from savings into long term assets that are not directly contingent on anyone else whom you cannot trust:

a. Personal food production, preservation, and preparation
b. Precious metals as insurance against monetary inflation / breakdown
c. Essentials for daily living and personal health care
d. Investments in practical education
e. Personal infrastructure and efficiency

f. Have a contingency plan for a systemic shock.

If you wish raise your voice or to peacefully demonstrate, be prepared with a simple set of coherent positions and specific demands, avoiding anger. The mainstream media likes nothing better than to portrary demonstrators as cranks or fools. In general they are not sympathetic to the less powerful. They will not lead change, but they will eventually follow.


Nick Drew said...

If you wish to raise your voice ...

have posted a question to HG on one of her recent posts ('Middle Class Lifestyle') on this very point - if she allows it through moderation, of course ...

dearieme said...

"Get liquid." Yup. Especially Semillon.