I read a story recently about a lady school teacher in Yazoo City, Miss., in the impoverished Delta country that is teaching unprivileged kids and there is not enough money to even pay her a salary. Yet kids that would fall through the crack of life are staying in school and making plans for the future. When asked about financial strain she faces, she uttered a phrase that applies to all of us: “What I don’t get in this life, I will get in the next.”
That phrase indicates good news for some and not so good for others.
I generally look at the financial news every day and noticed that Bitcoin has now reached $100,000, four times what it was a few months ago and a few analysts are predicting it will go over a $1,000,000 in 2025, an increase of 40 times within 18 months. Old-timers say you never know whether something is real or a bubble until it pops.
The tulip bulb mania destroyed Holland back in the 1600s and the silver bubble in 1981 destroyed, at the time, the largest fortune in the world, the Hunt family of Dallas.
Matt Damon said in the Rounders when you sit at a poker table and can’t figure out who the sucker is, it’s you.
