Thursday, June 01, 2006

To Thine Own Self Be True

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Neither a borrower, nor a lender be;
For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry.

This above all: to thine own self be true, And it must follow, as the night the day, Thou canst not then be false to any man. - William Shakespeare


Modern western society now lives on borrowed money and time.

A reckoning is due.


Now is a great time to cut yourself free from financial entanglements that would drag you down in a recession or a world wide depression. Do not take on any new liabilities that will not show an immediate return justifying the risk.


This is not the time to buy gratification through conspicuous consumption.
This is a time to store up food for a long financial winter.

The purpose of a depression is to take money from the fools and knaves of easy money and return it to its proper owners - those that know wealth quickly gotten is a vapor quickly lost.

The governments of the world have printed easy money to their own ends. Those that have profited from it have believed in their brilliance based on the short term success of a financial Chimera about to meet its Bellerphon.

It is not yet too late to prepare.

Above all - to thine own self be true.

Best,

Allan


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