Some people never learn. It was fun while it lasted. It’s the ninth inning with two outs and two strikes on the batter. It couldn’t be any clearer.
“All currencies, not only the American dollar but all currencies, always go down, mainly because of democracy. The voters will vote for a person who is going to spend too much. And so you have to expect all currencies to go down. And just recently, America has started to spend too much and the currency has already gone down a lot. But other nations now realize that and they don’t want to lose out to America. So they make their money go down, too.” – Sir John Templeton
Margin – borrowing money to purchase an investment – just another form of gambling.
Seven years and waiting………not so much as a fart of air out of this bubble much less a kaboom. This could go on for years, now go back to sleep.
Greetings,
After what happened in 2008, the charts and predictions mean very little to me. After all, 2008 was a perfect storm yet those sociopathic dullards were somehow able to kick the can down the road yet again. I was damn sure that TEOTWAWKI was upon us and acted accordingly by dispossessing myself of the majority of my things and moving myself and my family on to a sailboat so as to wait it out.
Like with Tinkerbell, the American people wished really hard and believed themselves back to some fragile sense of stability. After witnessing the entire country close its eyes and wish really hard, I’ve become convinced that anything is possible and nothing can be accurately predicted.
When it comes it will come so fast and from such an unexpected direction that there wont be time to wish things better or prepare.
Bea Lever
Observe the dates on the chart.
The first bubble (1995 – 2000) – 5 years
The second bubble (2003 – 2008) – 5 years
Today’s bubble (2009 – 2014) – 5 years
It will not go on for years. Months, weeks, days, hours or minutes.
It’s late in the game.
Oh well. There goes my inheritance. My 90 year old mom has dementia and her attorney will not listen. This is not 1970 anymore. LOOK out below.
Admin- I know you are right but how many times have we seen this same article? This can go on as long as they want……..they can make money out of thin air, remember.
Bea Lever, while it’s tempting to see this all as “in their control,” I suspect that’s an illusion.
DC
Sorry about your job, hope it all turns out well for you. In 2008 I kicked it into high gear to live through the coming collapse, moving assets in all manner of haste. Posting heavy on ZH at the time and these articles were constant. It took the Roman empire something like 150 years to collapse so who knows.
I watched a video by Ron Paul the other day.Maybe it was new? Like he says, Its not an if, Its a when thing for an economic collapse. I watched a talk show on Sunday morning and they were talking about 3% growth. It was good for a laugh.
I didn’t see QE coming and thought it would all melt down starting late 2007, so I got short real quick but hung on too long and got stung. Bigger problem is the decline in biz volume; I liquidated a lot of assets to stay afloat. I think many others did the same. I’m hoping I have enough powder left for a restart if things improve…still waiting.
Greetings,
Whilst in the military, it was not uncommon to hear some other officer or NCO rattle off the old saying: Hope is not a plan.
With that said, I really do hope that the collapse can be postponed for as long as possible. Each day that brings us running water and electricity is another day that we are not all beating each other with hammers while shitting ourselves to death due to cholera. Sure, I can easily weather 3 or 4 months of it but I would hate to think what the survivors would look like on the other side of such an event.
Leaping back to 1850 to fight some Hobbsian war of all against all can just wait until another day.
Bea Leaver, thanks for the kind thoughts.
I’m fine. Actually, I’ve been planning for an extended period of unemployment for a long, long time and as NickelthroweR attests, getting extra time to plan for such things is like pennies from heaven.
I am in far better condition to weather this storm than I ever hoped. I’m well positioned to do well in Plan A, Plan B and Plan C. I do not plan for Plan D (TEOTWAWKI) because I believe being prepared for Plan D renders it impossible to be well-prepared for Plans A through C.
Plan A: Current conditions continue.
Plan B: Deflationary depression, lots of FDR-like stupid government tricks.
Plan C: SHTF, but people largely muddle through.
Like I said, if we get a full boat TEOTWAWKI problem, I’m as hosed as the next suburbanite. Anything less than that and I’m probably okey-dokey.
But I’m with NickelthrowR, I’d rather live in a crappy Plan A than any Plan C. I personally think Plan B is a certainty, with Plan C being possible in a few decades…possibly after I’m beyond caring about it.