Looking for a safe asset class today, is like a Soviet bureaucrat in 1989, sensing trouble ahead, looking for the directorate with the safest job.
August 30, 2011
JOURNAL: Where Should I Put My Money Before Things Collapse?
[I think there is some truth in the statement above but there are some flaws in the rest of the post. He seems to believe the problems are with capitalism rather than government interference in the free market.
What do I think are safe “asset classes”? The essentials of life: water, food, shelter, communication, health care, security, and the means to produce them. Which isn’t all that far off from what Robb advocates.—Joe]