Welcome preppers, gold bugs, silver stackers, bitcoin buyers, etc. I'm no Cliff High, but my data sets suggest, I love the smell of chem-trails in the morning. I'm only kidding. I think Cliff is the most interesting guy on the internet, and I wish he were my neighbor.
I've been a prepper since about 1981, or survivalist as we were called back then. Crisis Investing, a book by Doug Casey, opened my eyes to the evils of fiat currency, and fractional reserve banking. Were it not for him, i would not have saved as much over the years. This was before wide-spread PCs and the internet, so I received my information from books and newsletters. I devoured the Mother Earth News in one hand, and The Duck Book in the other each month.
Henry Kaufman, Howard Ruff, the Aden sisters, and others were the doom-and- gloomers of that era. Inflation was going to destroy the dollar. Of course, that never developed into hyper inflation. Fed chairman, Paul Volker raised interest rates, and got it under control. We did have inflation though. The dollar I saved in 1981 is only worth about 50 cents today-probably less.
Harry Brown and his "Permanent Portfolio" probably would have been a better guide to preserving my wealth. Also , technology was growing rapidly, and I missed out on investing in Microsoft, Apple, Intel, etc. Hell, even my own employer's stock would have made me rich.
My point is don't let emotion and fear force you to put everything into the metals and cryptos. Technology will advance, and the nerds will make the money. Yes , we are witnessing the end of empire, and the banks may be in trouble, but life goes on.
Some of you old-timers have similar stories to tell, and I would love to read them. Mean-while. I need to go pick green beans from the garden.
Very interesting
Write good
Congratulations @pkm! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!