From Eli Lake on blogginheads.tv: "The whole blogosphere is predicated in some ways on, like, a guy in his basement who was reading public source documents and realized that this other guy on CNN was full of shit."
This came out of a discussion on the nature (failure) of expertise, certainly inspired by the continued downward spiral in which our economy finds itself. Apparently, the $700 billion bailout did not work and the Dow Jones Industrial Average slips further daily.
With this in mind, I suppose my advice is as worthy as any. Want my financial advice? Invest in weed (well, that and canned food actually). Unlike stocks, weed is a tangible good, which means that even if the Dow and NASDAQ lose all meaning and paper money becomes worthless, you will still have your herb. Ganja, as noted by the Supreme Court in Gonzalez v. Raich (my paper on the decision here- sorry for the shameless self promotion, even though I suppose this blog is really one big shameless self promotion), is highly fungible, that is, readily exchanged for money, goods and services. Marijuana, especially if grown, but also if purchased in bulk from the right sources, has a high margin of profit (due primarily to its prohibition). Cannabis, if well cared for, will appreciate in value as it cures (much like a bottle of fine wine increases in value as it ages). Mary Jane's worth is not subject to the actions of speculators. Furthermore, so-called 'vice industries' are widely seen as recession proof.
Finally, and the number one reason for investing in pot, (I'm paraphrasing somebody here; if you know, tell me in the comments) the last time our country needed to get out of a great depression, we ended prohibition.
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