1/ The Cathedral is starting to admit that Social Security is going to collapsehttps://www.washingtonpost.com/opinions/we-were-right-to-worry-about-the-nations-fiscal-future-but-i-know-when-to-fold-em/2021/01/27/dae752fc-6023-11eb-9061-07abcc1f9229_story.html …
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7/ A financial collapse won't be "the end of late stage capitalism". It'll just be another 2008 or Black Tuesday of 1929. The system will continue, just folks will lose 30-50% of their assets.
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"Other Assets" is important. Things might get bad in the financial markets, but if you have tangible assets, you're a lot less likely to lose them in a financial crash. Urban property may be an exception.
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