submitted by jwithrow.
Journal of a Wayward Philosopher
Becoming Antifragile
September 16, 2015
Hot Springs, VA
The S&P closed out Tuesday at $1,970. Gold closed at $1,102 per ounce. Oil closed at $44.59 per barrel, and the 10-year Treasury rate closed at 2.18%. Bitcoin is trading around $227 per BTC today.
Dear Journal,
Wife Rachel cornered me the other day: “I saw what you did in your newest post!”, she said in an accusatory tone.
“Whatever do you mean, honey?”, I asked innocently.
“You talked about Madison buying me a walker when I am old!”
I couldn’t contain my laughter. It’s the little things that I find most amusing.
Last week I delved into global finance and speculated that a currency crisis in the U.S. was on the horizon. It is just unreasonable to create trillions of dollars from thin air on a regular basis and expect the world to accept those dollars ad infinitum. I observed that government has no intention of ceasing its monetary escapades, thus currency ruin is inevitable. Continue reading “Becoming Antifragile”