When It’s Time To Get Out of Dodge
Moving How Far Out?
by Gary North
A growing minority of the American public is beginning to catch on to the meaning of the Federal government’s deficits and the Federal Reserve’s QE2. The voters did not understand QE1 in October 2008.
We are beginning to see videos lampooning tax rates. This humor is spreading to Europe. Some choice ones are here.
Yet we know that people prefer to sit tight, hoping for the best, even when the evidence screams: “Things will not get better; they will get worse.”
This raises a question: What are signs that it’s time to move out?
FORECASTING WHEN IT’S TIME TO MOVE
Here are a series of scenarios. They are all based on historical examples.
It is Christmas Eve 1773. You live in Boston. The tea party is over. You own a prosperous trading firm. You deal with imports from Great Britain. You tell your wife that you will sell your establishment to your rival before spring. You say that the British will retaliate. You don’t want to get caught in the crossfire.