Thursday, November 12, 2020

Surviving Tumultuous Years

It appears that we have entered a tumultuous period in history. There are riots and lockdowns. There are spend thrift politicians and limitless money printing. The gap between the rich and poor is growing. Things are not looking good for our short to medium term future.

Luckily for us, this is hardly the first time in history with this kind of unrest. There is no lack of examples to pick from for those wondering what a good strategy might be going forward, and they all point to a single strategy that always works. When things get weird, we unwind our businesses, pay down debt and save in gold. We keep our economic activity at an absolute minimum until things again look stable and relatively sane.

This is what the successful have done all through history. They get out of harm's way early, hunker down for as long as it takes, only to bounce back with wealth and health intact. Those who catch on to growing insanity at an early stage end up better off, especially if they are equally good at catching onto the new up wave.

So far, I've done very well following this strategy. After a gradual dismantling of my business activities over several years since 2006, I went all in on this strategy back in 2016. I sold my house in Norway, settled all debts, and distributed my remaining wealth among my children. I'm now living off a modest fixed income. Savings are in gold. I've secured a great deal of liberty for myself, and my savings are up by an impressive 80% since 2017.

It's important in this to keep a realistic perspective on politics. Putting too much trust in the ability of politicians to sort things out can seriously damage our ability to time things right. What's important is the general attitude in society at large, not what some politician may promise. What made me decide to go all in back in 2016, was not the politicians, but the sense that hardly anyone was concerned about the trend towards tyranny which was clear to see even back then. People saw no problem in taxing people more than 50%. They were not at all concerned about increasing deficits and out of control public spending.

As things stand, nothing has improved since 2016. We're still traveling down the same road to ruin. At some point, this will go off a cliff, and there will be great suffering. Only those well out of harms way by then are likely to fare relatively well.

Goldeagle.jpg
Gold eagle

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