The Economy...Let's Get Serious, Very Serious
Don't just do something. Stand there.....
If you've ever surfed anywhere be it Jaws in Hawaii or Malibu on the SoCal coast you know the feeling of catching what looked like a "real nice" wave only to have it turn into a fucking monster that bucks you twenty feet above the shallows and then crashes. You know you're fucked while the wave turns but there isn't a fucking thing you can do to save yourself from a potential death ride. It's either dive off and pray or stay on and pray. The result is completely out of your control. The Wave Rules.
That's where all of us are as this "recession" rolls toward the beach as everything that is done to "save us" fails to work. We are trillions in debt, our political class can only pander to their client base. We refuse to acknowledge that the only thing that can "work" penalizes those in the middle or bottom who have had zero to do with Wall Street excesses, bank greed, ponzi schemes, and all the other shit that is sticking on the wall. A commenter referred me to a YouTube bit by Peter Schiff that sort of sums up our delemma. Schiff has been criticized (most especially by a Forbes "hit piece") but the fact is that he's been correct for a hell of a long time now and his attackers cannot state any specifics as they trash him.
We are deep into a monster wave and we cannot do anything to save ourselves, especially if we accept the "stimulus package,"other than ride it out and hope we land in water after a spectacular ride. It does no good to throw bombs at the past. We are either fucked or we're not
2 comments:
We are truly fucked. Where Schiff fucked up was being short the dollar by being long foreign equities and he got crushed.
You cannot be correct all the time. The key is to recognize when you're wrong and get the fuck out. The actual main reason people lose in the markets is they cannot face the fact that they are wrong. "He who fights then runs away, lives to fight another day."
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