The greed of King Louis XVI was unmatched. His royal court consumed France’s wealth at an astonishing rate. His household staff numbered four thousand people, and his personal cadre of bodyguards almost twice that amount. Thirty servants alone were employed to serve the king dinner, of which four had the sole duty of ensuring his wine glass remained filled.
I agree with not keeping too much savings, but I do keep a decent amount of cash on hand for if there's a run on the banks, or if the point of sale terminals are down like they were recently. I also keep a couple month's "bare bones" expenses in the bank (just the minimum - mortgage, utilities, food). But beyond this, yeah, everything else is going into investments and (physical) precious metals.
I consider the value I'm losing to inflation the "insurance premium" for having that cash-on-hand.
The fault, dear Brutus, lies not in the stars, but in ourselves, that we are knaves/underlings" - Roman Nobleman, Cassius, speaking to Julius Caesar in the Shakespaerean Play titled "Julius Caesar".
Anybody who is STILL dumb enough at this point, despite all the dozens (or more) of times that the fake News media has been caught LYING over the last few year, to believe that lying scumbag media about anything, deserves ALL the economic pain and poverty that they have coming to them.
As they say in sales, "You can't help broke or stupid, especially stupid".
"50 doctors" and likely none of them knew as much as a village wise woman and healer. Amazing that Louis was able to survive their ministrations long enough to be executed.
Wonderful article, even if the idea of manipulating the masses goes back a lot longer than the 18th century. Also, you've mixed up the 9 and 7 in the date there where that one form of currency failed. Should read 1796 not 1976 I'm guessing. All in all a great and worthwhile read.
I agree with not keeping too much savings, but I do keep a decent amount of cash on hand for if there's a run on the banks, or if the point of sale terminals are down like they were recently. I also keep a couple month's "bare bones" expenses in the bank (just the minimum - mortgage, utilities, food). But beyond this, yeah, everything else is going into investments and (physical) precious metals.
I consider the value I'm losing to inflation the "insurance premium" for having that cash-on-hand.
The fault, dear Brutus, lies not in the stars, but in ourselves, that we are knaves/underlings" - Roman Nobleman, Cassius, speaking to Julius Caesar in the Shakespaerean Play titled "Julius Caesar".
Anybody who is STILL dumb enough at this point, despite all the dozens (or more) of times that the fake News media has been caught LYING over the last few year, to believe that lying scumbag media about anything, deserves ALL the economic pain and poverty that they have coming to them.
As they say in sales, "You can't help broke or stupid, especially stupid".
Good article. I believe the year 1976 should be 1796
"50 doctors" and likely none of them knew as much as a village wise woman and healer. Amazing that Louis was able to survive their ministrations long enough to be executed.
Wonderful article, even if the idea of manipulating the masses goes back a lot longer than the 18th century. Also, you've mixed up the 9 and 7 in the date there where that one form of currency failed. Should read 1796 not 1976 I'm guessing. All in all a great and worthwhile read.