[Burgundy]

Totally agree with this statement “When the Deflation Tsunami Hits, Losing the Least is a Winner”. The problem is that finding a different place to hide on a sinking ship tends to be futile. So finding a different place within the financial system to hide one’s wealth seems equally futile. Even the notion that one can live off the saved credits in the tertiary make-believe financial system even after it crashes and defaults on its obligations seems somewhat obtuse.

As I see it we’re facing a multifaceted collapse as follows:

1. tertiary economy (finance, services and make-believe) collapses due to internal dynamics;

2. secondary economy (production, transformation and real work) collapses due to energy constraints, resource depletion and failure of the primary economy;

3. primary economy (everything nature provides) collapses due to climate change and ecological damage.

Seems to me that weaving a successful survival path through the labyrinth of existential dangers will require much more than simply rearranging financial investments. Especially when they’re just claims on underlying assets which are themselves vanishing.

[Author]

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