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Culture War Roundup for the week of August 12, 2024

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Remember to buy assets

What assets specifically do you have in mind?

Land, Stocks, Gold, Bitcoin, Ammunition, Collectible Lego sets, anything that isn't US Treasuries or derivatives thereof. And in particular anything that is safe from seizure.

History shows most of this stuff tends to fluctuate highly in value during economic crises, and some of it can get wiped out by war, economic repression, etc; but government paper is by far the worst performer.

Granted it doesn't always lose, sometimes governments do manage to dig themselves out of the hole by seizing enough assets, but it's rare indeed for currency holders to come out on top. Much more common is the scenario where government prints itself out of debt by rendering the currency worthless.

Picture what happened in Russia in the 90s where they printed and distributed stock certificates to all ex soviet citizens. Those that kept the stock and bought it from others are now oligarchs, those that sold the certificates for food fell prey to starvation, drugs and misery in general. Avoid that position, try to secure autonomy for your daily needs and hold onto assets long term.