"The Big Kahuna, Part II"

 Below is an email I recently sent to family and a few friends.

...............

 In the last month or so---

1.  Michael Burry ("The Big Short") says:  the worst Crash in history ("the mother of all crashes") is coming...

https://markets.businessinsider.com/currencies/news/big-short-michael-burry-deletes-twitter-predicts-epic-market-crash-2021-6  AND -

https://www.youtube.com/watch?v=0QhXIQAAo2E

2.  Ray Dalio (who has managed a $150 billion Fund for decades, & from whom nat'l gov'ts have sought advice) says:  the Asset Bubble is about to collapse, & it will be "worse than 2008"...  https://www.youtube.com/watch?v=73Gpg6KDFsI

3.  Bill Gates has sold large blocks of his stocks in companies this yr - he sold 100% of them in Amazon, Apple, & Twitter...

https://www.youtube.com/watch?v=tcuIswW3B3o

4.  Warren Buffett also has sold large amounts of his stock portfolio this yr., and says massive inflation is coming.

5.  On the other hand, a few economists & financial gurus are saying the inflation will be temporary, followed by Depression-like deflation, thus causing the Crash.

Does all this definitively prove anything... obviously, no... but it does suggest that people a lot smarter than me are extremely worried about the big kahuna being just around the corner.  [I thought it should have hit 4-5 yrs ago:] 

So, you have nothing to lose by preparing accordingly.  At the very least, having extra household goods on hand (& rotating them as needed) is no big deal - Crash or no Crash, you'll use them anyway.   

Everyone Be Well, & Be Prepared... just in case

End of Reminder   

..........

Contrary to what the gentlemen above are saying, irrational exuberance currently seems to be the flavor of the day in government and on Wall Street.  To some degree or another, it all reminds me of the Tulip Asset craze a long time ago in the Netherlands.  As a species, will we ever learn the consequences of Bubbles?

Not only my opinion.

A Prediction, and How to Prepare for the Next One

 How to Prepare for the NEXT Financial & Economic Crash A Concise Pocket Guide by Scott Haley | NOOK Book (eBook) | Barnes & Noble® (barnesandnoble.com)

I've been blogging for fourteen years.  Almost all of that time, the blogs have had zero ads.  Of my three blogs, this is the only one in which I'm posting new material.  I've decided that, once in a blue moon, I'll post one of my ads on Ecological Liberalism.  Am doing it because the writings for sale are, & will be in the future, related to the subjects I cover here.  Plus, I could use a few bucks.  😊  The first one is at the link above.

Our current economic woes are not due only to the effects of covid-19.  In the booklet (or long pamphlet) above, I delve into a bit of monetary & economic history which shows why there's a high probability of a severe Crash - over & above the covid Crash.  And it's coming relatively soon.  Then I detail specific steps every household can take to minimize the impact on you & yours.

While I'm pleased with the writing in "How to Prepare...", I must issue the following mea culpa.  Because I'm essentially a No-Tech person, and time constraints seem to be always pressing, I did not take the time to figure out how to correct the formatting errors which happened during the conversion (by a company that charged nothing for the service) from my text file to an eBook file.  As a result, there are page-numbering and other minor errors - such as splitting a page into two pages when that was unnecessary.  Despite the errors, the text is completely readable.  Nevertheless, in the interest of transparency, I felt any potential buyers should be aware of the flaws.

Thanks in advance for any interest and support regarding the piece.  I'm currently working on a full-length (but short) book - perhaps about 100 pages - with the tentative title, Notes on the Socio-Eco-Econ-Ethical Crisis, the Problems & the Solutions.  By the time it's finished, I should have the conversion/formatting problem figured out.

Be Well