Guy is a friend of an 80-year-old friend of mine, whom I visited briefly over the holidays.
He's a multi-millionaire, who worked as a Hollywood technician but made his bucks with wise investments. He smokes but doesn't inhale, lives on the ocean in Baja and has ladyfriends 40 and 50 years his junior. Born 1917, and was a lad when the Great Depression hit, and remembers the run-up to it.
"It just like 1929. Inflation was all around then too. There was the same kind of irrational insanity in the stock market, crazy emotional swings on every rumor, that we see now."
He thinks it very likely a huge bust is coming. And that a culturally and racially fractured people will not hold together as they did in the 30s. "Crazy wildness and deep blood in the streets," is the shorthand way he describes the most probable scenario.
This isn't an old fart who thinks everything after 1950 is garbage. (He made his money after he turned 60) Rather, a cheerful, energetic old dude who hits Vegas regularly (drives his Lexus there, a new one every two years) and enjoys life.
But speaking his mind - and he may be right.
He's a multi-millionaire, who worked as a Hollywood technician but made his bucks with wise investments. He smokes but doesn't inhale, lives on the ocean in Baja and has ladyfriends 40 and 50 years his junior. Born 1917, and was a lad when the Great Depression hit, and remembers the run-up to it.
"It just like 1929. Inflation was all around then too. There was the same kind of irrational insanity in the stock market, crazy emotional swings on every rumor, that we see now."
He thinks it very likely a huge bust is coming. And that a culturally and racially fractured people will not hold together as they did in the 30s. "Crazy wildness and deep blood in the streets," is the shorthand way he describes the most probable scenario.
This isn't an old fart who thinks everything after 1950 is garbage. (He made his money after he turned 60) Rather, a cheerful, energetic old dude who hits Vegas regularly (drives his Lexus there, a new one every two years) and enjoys life.
But speaking his mind - and he may be right.
Are you serious? Does this apply to cash withdrawals as well? Are they really having the audacity to say you are not allowed to withdraw more than $2000 of your own money on any day? 
