amzn/1591846706 Page 267, our friend Jim Rickards - TopicsExpress

amzn/1591846706 Page 267, our friend Jim Rickards states: Financial avalanches are goaded by greed, but greed is not a complete explanation. Bankers parasitic behavior, the result of a cultural phase transition, is entirely characteristic of a society nearing collapse. Wealth is no longer created: it is taken from others. Parasitic behavior is not confined to bankers; it also infects high government officials, corporate executives, and the elite societal stratum. The key to wealth preservation is to understand the complex processes and to seek shelter from the cascade. Investors are not helpless in the face of elite decadence.

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