Shark Infested

silver-coin-investor.com / By Dr. Jeffrey Lewis / March 26, 2015

The top two questions people ask me when they learn that I’m a northern California surfer, are

1) whether I’m afraid of sharks or, 2) isn’t the water cold? The answer is yes to both.

Of course I’m afraid of natural born killers the size of small cars lurking beneath the murky surface in the ocean while I am floating on a thin layer of fiberglass wearing what might as well be a wounded seal suit three quarters of a mile from the shore. Who wouldn’t be?

So, why do it? Because the odds are very low that I will be ‘tasted’.  Plus I do it for sport, not for livelihood. Although, based on most people’s fear, you would think that the risk was much higher.

Money and wealth are a different matter, yet we have the same collective denial. Many consider the pursuit a sport, but no one understands the high-risk probability of being eaten alive. We are swimming in the collective waters of overvalued fantasies fueled by a currency that has been breaking since 1913, culminating in the parallel shift of power.

Of course the sharks are out there. All you can do is keep treading water. Have you ever seen one? No! If you see one, you know ‘it’ saw you long before that moment.

Money and, in particular, finance is a different story. We’ve all seen a big crash. Many of us managed to recover relatively unscathed. All of us have scars and visceral memory. Too few realize that we never fully capitulated last time around.

The banks are bigger, further above the law. We have more debt across the board; from trading margin, to corporate bonds, to sovereign debt. The policy has become increasingly invasive and threatening. If you look closely enough, you can see that they are out there.

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