It is inevitable – again, I stress not just possible but inevitable – that we have another major economic crash in the next few years. I’d say 5-8, but it could be sooner or a little later. Not much later, though.

It will be triggered by something, but the “something” won’t matter, just as contrary to popular belief the collapse of Lehman didn’t really matter as the cause of the financial crisis that began in 2007.

Lehman has been used as a scapegoat, and most people have bought it, just as most people buy most propaganda. (Another bit of bought and sold propaganda is the hoocoodande defense that I’ve seen several very smart people hornswoggled by.)

Anyway, having a lot of liquid money (if you have means) and not being in debt are steps to take now, not years from now.