Im getting tired of waiting for the end of the world as we know it.
Whoh brother, don't rush the things you don' t really want to see. Relax. Take a breath and enjoy it while it's here.
I am not exactly a die hard prepper but I have taken steps and believe in trying to be self sufficient. I feel pretty confident that I have done pretty much everything I could do withing my financial means to plan for the future what ever it might hold. I have read most of the doomsayers books. Peter Shiff, Harry Dent, Eric Sprott, Wolf Richter, James Rickards, David Stockman, Mike Maloney, Chris Martenson and a host of others. I honestly think they are right. I think the next 20 years will be nothing like the last 20. I think we are in the middle of a real depression that will carry on for at least the next 5-7 years and the worst leg is yet to come. I dont know if that's the end of the world as we know it, but I think we will have some tough times and I think a lot of people will be angry when promises get broken.
Thing is I was sure 3-4 years ago that the crash was just months away, that this crazy paper money binge would never work and people would see the stock market and recovery where all a sham. Well I couldn't have been more wrong. I pulled all our retirement money out 3-4 years or so ago to "protect" it. Worse yet is I put much of it in gold and silver to "preserve" my spending power. Well the market has gone up 50-70% since then and precious metals have tanked by half. The combination has been brutal to my long term plans. The thing is I still think I was right, just early. Problem being, early is the same as wrong. Even if I am right I did the wrong thing. That is easy to say in hindsight. If I would have timed it right Id look like a genius, instead I look like a crackpot.
The stock market is crazy, there is simply no way the economy supports the current valuations. The hockey stick up swing was created with freshly minted pretend money in a crazy monetary experiment that I think is doomed to create a much bigger problem than the one it was trying to "fix"
So what do you think?
What do I think? This is what I think. You can't time it. No one in the world can. Thought that Charles Merrill said it perfectly back before we were born. In 1928 Merrill became convinced that the stock market was overpriced and advised his customers to sell their holdings. He was a brilliant man, and it choked his craw to hear every week from some or another douchbag ***cough*** customer *** cough *** that all of his clients saw their friends getting rich and they - who had followed the advice and sold out "too early", were not making a nickel while the market rose so dramatically. Really. It was horrible for his reputation and had to be super painful for him. http://biography.yourdictionary.com/charles-e-merrill
Until 1929 and redemption.
If you read Jim Rodgers, Bill Gross (ex PIMCO manger) and other savvy folks, they called the same thing you did , and were also too early. Bill Gross was managing $1.7 TRILLON dollars. He missed it, you missed it, and he's smarter than us both combined. It's timing, no one can call it.
I get tired of reading the same doom and gloom on Zerohedge and all the other pages day after day. Ever since I have been reading those pages the crash was eminent, and is still. Nothing changes. There is some fresh hell someplace in the world dang near every day yet the powers that be have managed to keep it together one more day. Thing is I keep reading them, I keep agreeing with them and they keep being wrong (or at least early)
Back up and just consider the overview. Don't read Zero hedge and Seeking Alpha unless you are looking for an opposing view, I believe they feed bullbubblegum to us to temporarily sway the market so the big guys can bail and screw the little guy. Pretty sure about that.
All you can do is try and cover your bases, and you have done that. You have Food, water, extra money and skill. Don't try and time a crash, there are way too many variables. Relax and enjoy living in a great place. Remember that Kings of old? I hear folks who would like to go back in time and be them. The richest kings of old never had what you have. None of them. A fresh Orange out of season? Out of the question. Toilet paper? Hah, they didn't even have rough single ply, let along the soft quilted 2 ply we can rub out butts with. The ability to be super mobile where you can jump in a car and be 100 miles away in less than 2 hours in bubblegum traffic: nope - they never had anything close to that. Modern medicine? Hah! The richest dudes of old were sleeping in lice and fleas and regularly dieing of all kinds of nasty things which we easily avoid. On and on.
No, let it go. Cover your bases, do the best you can, be the best person you can be to others: live a good life. This is what is important. I'd listen to Jim Rogers and Bill Gross for financial advise. Rodgers was recently advocating buying farmland for whatever reason. Gold if it drops below $1000 but not until. Mostly everyone else is trying to f-bubblegum us all in the A- bubblegum.
That's all I have, hope it helps you. I too regularly read that kind of thing. David Stockman's book for example: Page 1 Gloom. Page 2: Doom, Page 3: Gloom and doom! Goes like that for 700 pages with facts and figures. Yet the man NEVER gives a time frame for the end game. Think of that. If what he predicts occurs in 20 or 30 years, what and where are you? How about 10?
Why no time frame? If he' cannot time it, why do you think you or anyone else can? Cause it may not even occur like he say as he frames the end game. That's why. He doesn't know, I don't know, you don't know: nobody does. The Fed may have a head start. That's all.
We're left with covering our bases and living a good life. Now we both could benefit by going and hugging our wives and loved ones to jump start that feeling and relax a bit, so I'm gone for a bit
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