5min chapter

The Jim Rutt Show cover image

EP 168 Nate Hagens on Collective Futures

The Jim Rutt Show

CHAPTER

How Long Did It Take for the World to Restart?

We could declare a global debt jubilee, for instance, scrap all existing financial contracts and replace them with an entirely fresh financial infrastructure. In 1920s, three countries in Europe suffered the famous massive hyperinflation where people had wheelbarrows full of cash to buy milk. How did they get out of that trap? They declared, essentially, a clean slate. The Peacock's strategy is in bad times, he doesn't grow the tail. And guess what? He survives the bad times, till the good times when he regrows the tail. We don't need $5 coffees from Starbucks or $1,000 pocketbooks or pourshes or more clothes that will

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