I love being outside, especially in the water or wilderness. I also have a huge stack of books in the Que. Reading anything good at the moment?
Discussion
Ray Dalio’s book
Classic doomsday end of world! I love it.
Eh more just about debt cycles and how borrowing expands in good times, leading to leverage, inflation, and eventual deleveraging/crisis.
But also post-crisis deleveraging can be painful but ultimately sets the stage for the next growth cycle.
It certainly feels painful lol. If 2008 and 2020 were just warm ups to the main event it's gonna be one to remember!
I don’t see any deleveraging happening. This is why we Bitcoin.
Yep that's true, but I feel like a percentage of the population won't bitcoin and will go bankrupt(hopefully not a large percentage).
But perhaps that's just natures way of balancing.
There will be a lot of variability in outcomes if we have a true collapse. My bet is on bitcoiners being the victors but I am constantly challenging that belief but not changing it. At least since 2018.
I'm currently reading Beowulf. An English teacher (who also owns the French bakery by my house randomly) recommended particular translation and it's really good.
Awesome are you enjoying it?
It makes me want to run through a snowy forest half naked with a sword and slay a dragon. So yes it's great.