I need to caveat this missive and highlight that I am not a pessimistic person. I’ve traveled to so many places over the years– well over 100 countries. And I typically visit 30-40 each year.
So I’ve seen first hand the tremendous opportunity that exists in the world, and the incredible way that human beings innovate to overcome challenges.
But the reality is that the world is on fire right now. In some places, like Ukraine or Thailand, quite literally.
In many others (like Japan, China, and much of southern Europe), there are heaps of smoldering embers beneath a continent-wide funeral pyre.
And in the Land of the Free, it’s as if politicians and central bankers are smoking their back-room cigars at the foot of a mountain of napalm and thermite that grows ever-higher by the day.
—From Simon Black at the Zero Hedge econo-blog, who eventually concludes:
So the question to ask is, “Am I prepared if this kind of turmoil ever comes to my doorstep?”
Leon Trotsky could not be reached for comment.