More On What Causes Financial Crisis and How to Prepare
Last week, one day, after the success of my interview with Russell Wilder about the stock market, I mentioned a video on the matter by Stefan Molyneux.
Here it is. Forty minutes of good information. Please watch:
Video by Stefan Molyneux/YouTube.
Stefan breaks down what happened last week on Wall Street, similarly to Mr. Wilder’s assessment. Then he branched into two great topics.
First he covered why all of the cyclical uncertainty never seems to change in the markets and in the economy. In three words – The. Federal. Reserve.
Check out the various graphs he posts. You can nearly track fed activity to market bounces, one to one.These people really don’t have an idea what they’re doing.
Second, he talks about how to prepare for the coming turmoil. And, as always, it is coming.
Perrin Lovett writes about freedom, firearms, and cigars (and everything else) at www.perrinlovett.me. He is none too fond of government meddling.