Loading ...RNO, you said “You can be stupid your whole life and be a genius just once and be successful.”
I hear you loud and clear. It also works the other way around.
You can be a genius your whole life and be stupid just once and be a failure!
Well, I never claimed to be a genius but I have been a winner many times in my life simply by working a little harder and longer and smarter than anyone else. I got a good piece of advice from a mentor in my youth. He said “there are two ways to live your life successfully. One is to owe for everything and own nothing. The other is to own everything and owe nothing. Either way can give you a very successful and enjoyable life; it’s when you mix the two that you make yourself vulnerable to failure”.
I chose the second, always owned everything and owed nothing and it has been a most wonderful life….but I didn’t drive a new shiny Cadillac or live in a fancy penthouse like some of my grasshopper friends who never owned much of anything and owed for everything…..and yet they had wonderful lives too.
My point is that my mentor who gave me the above advice was forced to violate his own advice, ended up borrowing against his ranch he had always kept out of debt, trying to hold his logging business together so his employees didn’t lose their jobs; then due to a downturn in the local economy, defaulted on the mortgage and lost it all.
That’s kinda where I see our countries right now. They have vast wealth in land, natural resources, and technology, but they have been forced to borrow and borrow and borrow until they can no longer afford to pay even the interest on their debt. In other words they have combined the two and they are going to lose it all in the end. All this monetary finagling is only forestalling their bankruptcy a little longer.
Ororeef, IMO you are exactly right. All it amounts to is a reverse split where you own half the shares for twice the price. The difference though is that in the past it has only been this country or that country who has defaulted on their debt and had their “reverse split”. This time TPTB have set up the whole world financial systems to default….so they can usher in the New World Digital Currency. That is why they are calibrating all these countries monetary systems to some prearranged exchange rates….so when their calibration is finished all countries will be forced to accept what is offered them…. A one world currency. I am NOT for it, nor are most who know it is coming, but since all countries have been forced into bankruptcy by the corrupt financial systems they will have no choice but to comply.
IMO the only chance we have to survive this is to know and understand it is coming and to be prepared for it in whatever way we feel is right for us. For me it is stay debt free and…………..Silverngold