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Guest Article: Bikers, Bonds, and Black Swans, by Gary Christenson

A “black swan” event occurred at a gathering of outlaw bikers on Sunday, May 17, 2015 in Waco, Texas. According to news stories, a fight broke out between several motorcycle gangs at the Twin Peaks restaurant. At least nine bikers are dead, another 17 were injured, and perhaps as many as 170 were detained or jailed.

Outlaw Bikers:

They are more likely to trade gunfire than bonds, but consider the similarities:

The Bond Market:

Black Swans:

A financial “black swan” is an unexpected event that has a huge impact when conditions are unstable.

The consequences of a biker brawl, a fight between bankers and debtors, or a confrontation between major powers in Ukraine, Iraq, or the South China Sea will be life changing and irreversible.

If it can happen, and it will eventually happen, which is why people buy insurance. Do you have “black swan” insurance regarding your financial exposure to fiat currencies and paper assets that might be revalued far lower and quite rapidly?

Death, injuries, prison, and life-changing consequences arose from an argument over a parking space. What might occur in an argument over several $Trillion of dodgy sovereign debt or a territorial fight in the Ukraine, Iraq, or Syria?

Do you own insurance in the form of gold and silver, which have NO COUNTER-PARTY RISK?

– Gary Christenson, The Deviant Investor [1]