Anarchy – An Investor’s Best Friend
By Eric Fry
Laguna Beach, California – A revolution is underway — one that will topple the existing order.
It’s not the sort of revolution that decapitates monarchs or murders czars. But a revolution is underway, and it is the kind that’s going to overthrow faith in government.
But that’s not necessarily a bad thing. In fact, it might be a very helpful thing.
I think it is time now to begin investing as if there were no government guarantees…or at least no reliable government guarantees.
For my entire lifetime, no financial guarantee has been more reliable than the guarantee of the US government. The T-bond was the safest security, the dollar, the safest currency. No one doubted that Medicare, Unemployment insurance, food stamps, Social Security, etc., would be there for them if and when the time came.