The Ultimate Panacea is... [drumroll]

“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin…” [Unsubscribe]( [Wiggin Sessions] June 13, 2022 The Ultimate Panacea is… [drumroll] “The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists”. – Ernest Hemingway [Addison Wiggin]Dear Reader, I’m completely aware that Hemingway’s quote is overused. But guess what? Panacea is Merriam-Webster’s word of the day. You’ll just have to suffer this lead. That’s not to say Ernest’s comment isn’t accurate. Or even more pointedly appropriate to our current time. We concern ourselves with permanent ruin. Some of our colleagues call it a hobby. But we know some other folks who do the same. We first met James Howard Kunstler right after he published The Long Emergency. He was talking about climate change mostly. But after speaking with him this past week, I gained a more nuanced view of his understanding. Climate change is a thing, but the long emergency is really our response to it. The same could be said of mass shootings. Jim’s an interesting guy. He wrote for Rolling Stone for some time. Then went out on his own. I admire him for having the temerity to choose his own path. You’ll probably agree. Take a look: [Click here to learn more]( To learn about the greatest misallocation of capital in human history, [click here]( “It's a hallucination du jour,” Jim tells me, “a hallucination of the moment. It's a figment. And that's exactly why so many people in the financial world are afraid of a real King Hell crash because they know if the bond market goes up in a vapor, our money's going to disappear. ‘We're going to be in the most unbelievable deflationary depression that world history ever saw because the money is just going to rush out of here into a black hole. And it will, of course, take the equity markets down with it as that occurs.” There’s more where that came from at the link above. Follow your bliss, [Addison Wiggin] Addison Wiggin Founder, The Wiggin Sessions P.S. For a while on his website, Jim was offering oil paintings of roadside signs like Mobile or McDonald’s. I tried to buy one once, but he’d sold the one I wanted. He said he was painting these “landmarks” along I-87 near where he lives outside Saratoga Springs, NY because they represent an era he thinks is heartwarming but unsustainable. Jim offered to don his Carhart jumpsuit and go out to paint another one. I said no. But now I’m thinking maybe I should reconsider. [BANNED?! The Greatest Moneymaking Opportunity Ever?]( [Click here to learn more]( Politicians want to BAN one of the greatest moneymaking strategies ever. But Alexander Green and Bill O'Reilly are helping you fight for the right to use it... so you can achieve financial independence. [See this now!]( Ed. note: Got something to say? Send your feedback to The Wiggin Sessions, [here.](mailto:WigginSessions@5minforecast.com) Follow the Wiggin Sessions on Social Media! [Facebook Group]( [Twitter]( [Instagram]( [YouTube]( [LinkedIn]( [The Financial Reserve]The Wiggin Sessions is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Consilience, LLC. delivering daily email issues and advertisements. To end your The Wiggin Sessions e-mail subscription and associated external offers sent from The Wiggin Sessions, feel free to [click here.]( Please read our [Privacy Statement.]( For any further comments or concerns please email us at support@5minforecast.com. If you are having trouble receiving your The Wiggin Sessions subscription, you can ensure its arrival in your mailbox by [whitelisting The Wiggin Sessions.]( © 2022 Consilience, LLC. 808 Saint Paul Street, Baltimore MD 21202. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security they personally recommend to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Email Reference ID: 400WIGED01