Tangibles trump conceptuals. Modern fiat currencies are generally accepted, but have essentially no backing. Because they are largely a by-product of interest-bearing debt, modern currencies are destined for inflation. In the long run, inflation dooms fiat currencies to collapse. The majority of your assets should be invested in productive farmland and other tangibles such as useful hand tools. After you have your key logistics squared away, anything extra should be invested in silver and gold.
James Wesley RawlesRelated topics
anything assets backing by-product collapse debt extra fiat gold hand inflation key logistics majority modern run should silver trump farmlandRelated quotes
The difference between me and Bono is that he's quite happy to go and flatter people to get what he wants and he's very good at it, but I just can't do it. I'd probably end up punching them in the face rather than shaking their hand, so it's best that I stay out of their way. I can't engage with that level of bullshit. Which is a shame, really, and in a way it would help if I could, but I just can't. I admire the fact that Bono can, and can walk away from it smelling of roses.
Thom Yorke
Economic man and the Calvinist Christian sing to each other like voices in a fugue. The Calvinist stands alone before an almost merciless God; no human agency can help him; his church is a means to political and social organization rather than a bridge to deity, for no priest can have greater knowledge of the divine way than he himself; no friend can console him - in fact, he should distrust all men; in the same fashion, Economic Man faces a merciless world alone and unaided, his hand against every other's.
Lionel Trilling
The problem of distinguishing prime numbers from composite numbers and of resolving the latter into their prime factors is known to be one of the most important and useful in arithmetic. It has engaged the industry and wisdom of ancient and modern geometers to such an extent that it would be superfluous to discuss the problem at length. ... Further, the dignity of the science itself seems to require that every possible means be explored for the solution of a problem so elegant and so celebrated.
Carl Friedrich Gauss
...what I mean by Socialism is a condition of society in which there should be neither rich nor poor, neither master nor master's man, neither idle nor overworked, neither brainslack brain workers, nor heartsick hand workers, in a word, in which all men would be living in equality of condition, and would manage their affairs unwastefully, and with the full consciousness that harm to one would mean harm to all-the realisation at last of the meaning of the word commonwealth.
William Morris
My God, whose son, as on this night, took on Him the form of man, and for man vouchsafed to suffer and bleed, controls thy hand, and without His behest, thou canst not strike a stroke. My God is sinless, eternal, all-wise, and in Him is my trust, and though stripped and crushed by thee, -though naked, desolate, void of resource- I do not despair:where the lance of Guthrum now wet with my blood, I should not despair. I watch, I toil, I hope, I pray: Jehovah, in His own time, will aid.
Charlotte Brontë
