A particularly annoying question I am often asked and have come to hate is: “How do I invest my money for it to survive financial, political and commercial collapse?” The short answer is: “Nohow. Money will not survive collapse; not yours, not anyone else’s.” But that answer is not acceptable, because accepting it would require a profound loss of faith—faith in money, a profound Götterdämmerung for a civilization based on the worship of money.
We are a nation on the edge of a nervous breakdown. We consume two-thirds of the world’s anti-depressants as we battle for position in the economy. Why not just declare a cease-fire with the Joneses we’ve been trying to keep up with? We’ve bought into the notion that if we’re not wealthy, we’re not good enough, which creates horrible stress and anxiety. Why not become citizens again, creating employee-owned businesses and member-owned credit unions that can reduce both killer stress and unnecessary expenses? (Credit unions save $8 billion a year in interest on loans because they are non-profit) Why not invest in community bonds, portfolios and banks and make living returns on our investments?