Comments on: If you’re so smart, what are you doing in here?

By: hans

hans — Mon, 09 Jun 2014 12:09:41 +0000

” gold is the same, you wanna buy gold, hang on, are we talking PHYSICAL gold here? and even that is subject to fraud, at the highest levels, that gold? or tungsten wrapped in gold?”
The hits do seem to come in closer, don´t they.

It´s obvious by now that the “real” power-elites of this planet (the ones we DON´T know the names of) are almost done looting the system.
They usually trigger some world war when they´re done.

I´m about to get my beach chair and a cold beverage ready for the show.

By: Wake

Wake — Mon, 09 Jun 2014 11:08:33 +0000

I remember the P/E ratio of `96, shaking my head in disbelief, telling to whom would listen that buying stocks was stupid. Well, the sheeples went along for 4 more years and propulsed the P/E ratio to outer space. I looked stupid.

The whole problem with looking at and acting according to fundamental data in this debt-driven system, is that it only really has significance if a majority also does. Until then the next wave of unsustainable credit will just keep the show alive. The madness is astonishingly resilient because the crowd of sheeples is decidedly mad.

I used to believe it would all end by the end of this decade. I am not so sure now. Even though the Soviet Union didn’t have a sustainable economic model and and people knew it, it took so long to unravel that people were taken by surprise when it imploded in ’89. I wouldn’t be surprised to have to wait very long to see this system die.

I now tend to look closer at this type of thinking:

http://armstrongeconomics.com/models/7219-2/

Martin Armstrong says the house prices will contract from 2015 to 2033, and that only by 2033 the system will be dropped. Just in time for me to reach retirement age.

By: Joe

Joe — Sun, 08 Jun 2014 22:12:40 +0000

what’s your position on the supply of fossil fuel energy relative to fiat currency inflation?

By: Tim

Tim — Sun, 08 Jun 2014 16:21:59 +0000

That makes sense, thanks for the clarification. Very interesting point about not even being able to use hind sight yet.

By: wimminz

wimminz — Sun, 08 Jun 2014 16:19:05 +0000

I honestly don’t know, I think like it says in the post, it’s one of those things you can only positively identify with 20/20 hindsight, and I dunno we are yet at the point where you can use hindsight.

Also, it’s a process, so you can’t call a time on it and say this happened on 6th June 1997 at 4pm, I think it’s more a case of in 1990 a bus driver could genuinely buy his own home on a 20 year mortgage, as in buy it and pay it off and own it outright, and in 2000 he couldn’t, and in 2010 he couldn’t, and in 2020… who knows… maybe there will be no more bus drivers..

By: Tim

Tim — Sun, 08 Jun 2014 14:38:01 +0000

At what point do you think it happened? Genuine question, 1995 is way before I became aware of anything except imminent puberty 😀

By: wimminz

wimminz — Sun, 08 Jun 2014 14:24:40 +0000

I agree entirely, the crash already happened, so by definition we are well past the point of no return…

By: Tim

Tim — Sun, 08 Jun 2014 14:16:21 +0000

I agree with every word, but I think we are past the point of no return. We’re either in for years and years of stagnation, or if/when it goes, it’s going to be BIG.

‘They’ seem to be keeping the plates spinning for now…

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