Avoiding The Debtors Prison
Quick note: this will be my last article for 2023. I’ll be back the first week of January! Have a Merry Christmas and Happy New Year. As always, if you want to reach out, ask questions or give suggestions, my email is always open: gencocapital@protonmail.com!
In the Middle Ages, a child could be sent to debtors prison if his parents died in debt. Even in the 1800s, debtor prisons were fairly commonplace. Charles Dickens watched his father get sent to debtors prison as he was forced to drop out of school and work in a shoe-polish factory at a very young age.
It seems crazy until you realize the generations prior to us have racked up trillions in debt and enriched themselves without worrying about their kids and grandkids. Now we’re watching the dollar devalue and are ending up in perpetual debt slavery. While we don’t have debtor prisons anymore, we have the inescapable prison of endless inflation and dollar devaluation.
This is why younger people have bleak outlooks of their future. Everybody’s so screwed when you look at the cost of housing, cost of mortgages, cost of living. Millennials are looking to buy homes, start families and figure it all out but no one has the money to do so. We’re strapped. In fact, the number of Americans working two or more jobs has reached its highest level since the pandemic’s start. Even still, its not moving the dial for many.
So we need to look for opportunities that have an asymmetric upside. Opportunities that secure our financial future. Opportunities to get us out of modern-day “debtors prison”.
This article isn’t to focus on the bleak, depressing future that may await many. It’s actually to focus on the opposite. We’re on the brink of one of the biggest macro investment opportunities unfolding. We have a lot to be excited about. We just have to not fuck this up.
Fucking this opportunity up would mean not having the knowledge of what’s ahead then not having skills to invest. That’s why I started this newsletter - to help others gain insight and information on investing - and, this year, we’ve done a great job if you’ve been following along.
In the premium portion of this article, I’m going to go into detail on what lies ahead of us in the next year. I’ve done hours of research into what lies ahead - reading Wall Street reports, listening to skilled investors/analysts, following the economic data, etc. It’s time…