Four Steps to Generate and Preserve Wealth

Source: https://www.rogueeconomics.com/bill-bonner-diary/four-steps-to-generate-and-preserve-wealth/

Bill Bonner  | Mar 20, 2021  | Bill Bonner’s Diary | 8 min read

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Emma’s Note:Emma Walsh here, managing editor of theDiary.This weekend’s guest edition comes from Bill’s longtime friend – and legendary speculator – Doug Casey. Doug practically wrote the book on wealth-building and keeping your money safe from corrupt governments. Below, he breaks down four key strategies to do just that…

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Even if you are already wealthy, some thought on this topic is worthwhile. What would you do if some act of God or of government, a catastrophic lawsuit, or a really serious misjudgment took you back to square one? One thing about a real depression is that everybody loses. As Richard Russell quipped, the winners are those who lose the least.

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As far as I’m concerned, the Greater Depression is looming, not just another cyclical downturn. You may find…