In finance and investing, a sudden and catastrophic collapse of asset prices after a period of growth and stability is known as a Minsky moment. Named after economist Hyman Minsky (1911 to 1996), this label has been applied to some of the most devastating economic crises in history.
In short, a Minsky Moment collapse always occurs when the “market” is making new highs, speculation is rampant, and nobody believes it can actually happen.
Hyman Minsky, The Financial Instability Hypothesis
Basically, exactly what’s occurring right now. Everyone who remembers the 2008 global market collapse triggered by the sub-prime mortgage fiasco and subsequent depression must recall how awful it all was. Plan now. Downsize, prep food, ammo and medicines/first aid items and stock up on tradable goods like alcohol, tobacco, weed (were legal obviously).
If you don’t know how to make basic household cleaning products – learn now. Citric acid, sodium percarbonate, washing soda, white vinegar, isopropyl alcohol are relatively cheap and in various combinations can clean and sterilize just about anything.
And keep an eye on your savings and retirement pension plan. These so-called experts messed up badly last time and we have no reason to think they won’t again.
Epoch Times has a good piece here.