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RE: World Turbulence and Crypto: Returning to Some Old Assumptions

in Silver Bloggers4 years ago

There's nothing here that can be counted on.

I feel that's pretty much true of life. In terms of currencies, the rouble is taking a hit and we've been told in the UK to "expect hard times". Reading the reports from Russia, businesses are going bankrupt overnight and people are losing their jobs. The disruption in Ukraine must be massive, even where there is no direct conflict.

Similar things happened here through the pandemic and following the 2008 crash. The house next door to me was being developed then and was abandoned for the next ten years. Work has only just begun on it in the past few weeks.

The social contract that existed in the 1970s has long gone, along with jobs for life (a concept that always terrified me at the time) or, even, "jobs", and health is a major issue for individuals, families and communities. I don't even know where to start with climate change.

That doesn't mean that we can't be prepared and have some skills, knowledge and contacts that will help us, along with a degree of flexibility.

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Well, yes... it is pretty much true of life, as a whole. I have always been someone who has sought out oases of stability, but such an idea seems more and more obsolete in the current world. Seems like we all need to be prepared to be both destitute and wealthy, multiple times, all within the same year.

I recognize it as the reality of things, but I still don't like it, even one tiny bit.