Don't get hit by the shrapnel of the "fatal conceit".
The "fatal conceit" is an idea coined by Friedrich Hayek. It simply means that central planners working for the government tend to miraculously consider themselves free from sin and error. Nowhere is this more evident than in watching the present gang of do-gooders try to borrow their way out of a mess created primarily by, you guessed it, debt.
So while names like Obama, Bernanke, and Geithner fervently believe they can do a better job distributing capital than the free market, we occupy ringside seats at the circus and marvel at the size of reality blinders men like this must be wearing.
But how does an average, everyday Joe Citizen keep from getting hit by the economic shrapnel created by these financial sub-morons? If you want to get ahead despite their idiot machinations, you better start looking for an investment strategy that can profit from inflation. Profit from inflation? What kind of crazy talk is that?
Actually, it’s the kind of crazy talk that makes sense in today’s economy. Income property investing. Not just any kind of income property investing but the kind based on maintaining high levels of prudent debt so that you actually benefit from rising inflation. If there’s one thing you can rely on, it’s the fact that central planners do not know how to hold inflation in check for long. Now’s the time to position yourself for that day when the cat gets out of the bag yet again.
The Platinum Team