James Turk believes the time we live in now will be studied by future
historians for generations to come. Just as we today marvel at the
collective madness that resulted in the South Sea and Dutch tulip
manias, our age will be known as the era when society lost sight of what
money really is.
And as result, the wrong kinds of wealth --
today, that's mostly financial assets -- are valued and pursued. And
just like those bubbles from centuries ago, when the current asset boom
goes bust, the value of paper wealth will vaporize.
In contrast, those holding tangible productive assets or real money will fare much better on a relative basis.
James
and co-author John Rubino (of DollarCollapse.com) have recently
published a new book covering the details of this prediction called The
Money Bubble: What To Do Before It Pops. Within it, they delve into the
reasons for why the world is destined for what Ludwig von Mises termed a
"crack up boom":
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