"the world is full of foolish gamblers and they will not do as well as the patient investors” - charlie munger. 

 "Uncontrolled #inflation creates ever larger booms and busts. There is no turning back once it is entrenched into society... Destruction of the wealth will be by taxation, devaluation of the paper currency and confiscation of property" - T. Rowe Price memo, 1970 

 "you cannot borrow your way to prosperity" 

 - be cautious applying past patterns/indicators to future
- wen recession it will be "very very ugly experience"
- playbook is the same: slash rates, do QE
- geopolitics / loss of confidence in western powers fuelling #gold, #bitcoin
- average person starting to realise gravity of problem
- shift to real money

https://www.youtube.com/watch?v=kMj0KZaEZsA 

 "It looks like a powerful set of individual building blocks coming together. It’s really early." LynAlden 

https://www.swanbitcoin.com/the-implications-of-open-monetary-and-information-networks/