Last week’s essay on the subject of lowering landscape prices in 2023 attracted a number of comments from our readers. This one from Mark Dubois at Quality Landscape and Lawn Care grabbed my attention:
“You had to bring up a bank collapse…”
Yes…I sure did Mark. And then we had two of them bank collapses right quick – bang-bang…perhaps more are just around the corner. Who really knows?
But good ole Fedzilla is here to save the day once again. Now (apparently) we all can count on UNLIMITED insurance for cash on deposit in our banks. We no longer have to shop around for a bank to park a measly $250k in and then go find another to insure our next $250k…(with the highest interest payment possible).
Every dollar is insured? For every depositor? Really? I’m not exactly sure how it’s possible to insure the entire money supply.
Oh heck…
Let me go ahead and say it out loud. I’m calling BS on that promise. Nope. Impossible I say.
There’s no way the Department of Treasury (Janet Yellen), the Federal Open Market Committee Chairman (Jerome Powell), and the Federal Deposit Insurance Corporation (Martin J. Gruenberg) …with all their intellect, power, and digital might…can replace all the money in the USA.
But that’s exactly what they said they will do. Unlimited insurance for all depositors! Just one short letter sent to all banks and news media outlets…boom…so shall it be written…so shall it be done!
The point of last week’s essay was intended to keep you on your toes. We learn from the past. At least if we choose to study history. The lessons from 2008 are fresh on my mind. I hope you think about plan B for your 2023. You never know just how fast and how crazy Fedzilla can get.
Which brings me to a moment in March 2020…just 3 short years ago when Fedzilla reared his ugly head and barked out orders for an immediate shut down of our economy. Remember? Essential businesses versus non-essential businesses? Essential workers versus non-essential workers?
Yes…the nostalgia makes me want to puke.
But since we have had so many new readers join here on the journey to become a Wealthy Landscaper…I thought I’d share the article that published on March 15, 2020 as the world was forced into quarantine.
We have the opportunity to demonstrate that our independent thinking and defiance for the idea of absolute rule is consistent and sincere.
We offended a pretty big group of our readers with this essay below. We didn’t set out to offend. But we do continue to share lessons from three and half decades of small business success.
So lets take a stroll together down memory lane.
Happy Spring…
Tony Bass
