WWTBAM Bored

Probably written in 1996, given the lead time for book publication. Prediction for the middle of the first decade of the 21st century, called "The Oh-Ohs" by the authors:

"As the Crisis mood congeals, people will come to the jarring realization that they have grown helplessly dependent on a teetering edifice of anonymous transactions and paper guarantees. Many Americans won't know where their savings are, who their employer is, what their pension is, or how their government works. The era will have left the financial world arbitraged and tentacled: Debtors won't know who holds their notes, homeowners who owns their mortgages, and shareholders who runs their equities - and vice versa."

Interesting book. Not much help, though, in suggesting ways to prepare for the Crisis era they predict is inevitable to start in this decade.

(Had to edit a typo noticed one second too late.)

gsabc wrote:Probably written in 1996, given the lead time for book publication. Prediction for the middle of the first decade of the 21st century, called "The Oh-Ohs" by the authors:

"As the Crisis mood congeals, people will come to the jarring realization that they have grown helplessly dependent on a teetering edifice of anonymous transactions and paper guarantees. Many Americans won't know where their savings are, who their employer is, what their pension is, or how their government works. The era will have left the financial world arbitraged and tentacled: Debtors won't know who holds their notes, homeowners who owns their mortgages, and shareholders who runs their equities - and vice versa."

Interesting book. Not much help, though, in suggesting ways to prepare for the Crisis era they predict is inevitable to start in this decade.

(Had to edit a typo noticed one second too late.)

Land that you can grow food on, and weapons.

Those are good ways to prepare.