House of Cards
I thought my readers might find the following interesting and/or frightening:
In November 2, 2014: The New Normal, David Johnson wrote, “When the economic house of cards fell, it brought civilization as we know it down with it. Governments no longer had the funds to maintain infrastructure so they raised taxes on private industry to try to pay for it. Robbed of its profits, private industry laid off workers by the millions. Eventually, there wasn’t a currency in the world that was worth the paper it was printed on. In fact, if you have cash squirreled away right now, the best use for it is as a fire-starter. At least you’ll be warm for a while. Secondarily, you may want to consider using your cash as toilet paper.”
On January 30, 2012, investment manager, Robert L. Rauch said, “It is just a matter of time before the whole house of cards falls apart,” when referring to the March 20, 2012 target date for the Greek default.
Where’s your Union Creek?