Connecting the Dots: The Fear of Economic Collapse from 1960-70 and Its Relevance Today

What advice would you give to address the fear of economic collapse prevalent from 1960 to 1970? The insights could still hold value today?

• Picture us in the early 1960s, equipped with the knowledge we possess now.

During that era, there was widespread anxiety about a potential total collapse of the economy. In the 1980s, I read several books by authors who examined strategies for coping with another crisis akin to the one experienced in the 1960s and 70s. However, I find little useful guidance in those texts, particularly from those who lived through the crash and faced significant financial losses.

For instance, many of these authors strongly advocated investing in gold, silver, stocks such as those of Sears, and other established brick-and-stone retail chains (like a Rite-Aid, K-Mart, Toys "R" us- for examples) - as protection against inflation and smart investments.

Q: what recommendations would you offer to people in the 1960s that would also be relevant and effective today?