Have you ever had an idea which led you along a train of thought you didn't initially suspect? Such is the case with me this morning. Aesop's fable about the Grasshopper and the Ants has bounced around in my head for days. I assumed this was a result of all the articles I've read about banks close to failing, varies central banks, the Chinese economy, the US economy and news about the Fed and Janet Yelling, not to forget the people off Japan clearing out home supply stores of their inventory of safes. All of it seemed to converge into the one story told by a Greek centuries ago.
Aesop tells of a grasshopper who spent his Spring and Summer days living a bohemian lifestyle. Mr. Grasshopper enjoyed the luxury of an abundant world, singing and dancing for his supper. One day, he noticed a group of ants gathering food and carrying it back to their home. They neither sang nor danced, just worked. He laughed at them. Told them they were silly to worry about the future when the future was capable of taking care if itself. They ought give themselves a break and enjoy the warm sunny days. The ants replied they knew winter was coming and they would need all this food as well as the other supplies they laid in store. The Grasshopper laughed and danced away. When winter came, the ants were cozy in their home with plenty of food to eat and they relaxed after all their hard work. Mr. Grasshopper died of exposure and starvation. The moral of Aesop's story: be focused in what you do so that no one can talk you out of your goal; be prepared.
The link above is for a 1934 Disney cartoon. Keep in mind President Franklin Roosevelt advised Congress on 6 June 1934 of his intention to create a national social insurance plan so that Americans hit be the Great Depression would be able to have food and shelter. Pay close attention to the final minutes of the cartoon to the message conveyed. Also worth noting is the bill creating Social Security was signed into law 14 August 1935. The US stock market crashed 29 October 1929.
No wonder this story came to mind with so many financial advisers, market forecasters, and economic cycle observers saying financial conditions are not as good as people are led to believe. The persist in telling people to convert their cash and even some of their stock into the solidity of gold and silver.
Some people are happy to sing a song about how the world will never change. They have no worries for their future. Everything really is too big to fail. Other people are ants. The ant people are converting their wealth into gold. The ant people are creating a secondary stream of income to help when things do go unimaginably wrong. Ant people who have not started to take precautions yet will begin today by clicking the link below.
Aesop tells of a grasshopper who spent his Spring and Summer days living a bohemian lifestyle. Mr. Grasshopper enjoyed the luxury of an abundant world, singing and dancing for his supper. One day, he noticed a group of ants gathering food and carrying it back to their home. They neither sang nor danced, just worked. He laughed at them. Told them they were silly to worry about the future when the future was capable of taking care if itself. They ought give themselves a break and enjoy the warm sunny days. The ants replied they knew winter was coming and they would need all this food as well as the other supplies they laid in store. The Grasshopper laughed and danced away. When winter came, the ants were cozy in their home with plenty of food to eat and they relaxed after all their hard work. Mr. Grasshopper died of exposure and starvation. The moral of Aesop's story: be focused in what you do so that no one can talk you out of your goal; be prepared.
The link above is for a 1934 Disney cartoon. Keep in mind President Franklin Roosevelt advised Congress on 6 June 1934 of his intention to create a national social insurance plan so that Americans hit be the Great Depression would be able to have food and shelter. Pay close attention to the final minutes of the cartoon to the message conveyed. Also worth noting is the bill creating Social Security was signed into law 14 August 1935. The US stock market crashed 29 October 1929.
No wonder this story came to mind with so many financial advisers, market forecasters, and economic cycle observers saying financial conditions are not as good as people are led to believe. The persist in telling people to convert their cash and even some of their stock into the solidity of gold and silver.
Some people are happy to sing a song about how the world will never change. They have no worries for their future. Everything really is too big to fail. Other people are ants. The ant people are converting their wealth into gold. The ant people are creating a secondary stream of income to help when things do go unimaginably wrong. Ant people who have not started to take precautions yet will begin today by clicking the link below.
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