Nearly a century of financial history, including the (real) great depression and a war that was bigger than any of us can imagine.
And yes, the Federal Reserve, fiat currency and all these other evils existed throughout the bulk of this period.
Definitely some bumps along the way, yet somehow it all kept growing.
I’m not trying to paint a rosy picture – the economy is in pretty grim shape and there will be pain in the short term. And no one knows if the short-term will be 5 years, or even 20. But this is not the end of the civilized world.
You will hear arguments that somehow the rules have changed, but I don’t think anyone you’ll meet or read is qualified to dispel the forces that have contributed to centuries of continued economic growth. As long as people wake up every morning and endeavor to improve their lives, the economy will find a way to grow.
Of course this isn’t really specific investment advice, but hopefully it will provide some context that will allow you to evaluate the merits of the advice that you will inevitably get.
