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DOOMER'S..................If you want to keep your friends follow this survival plan!
I quite like being a "Doomer", for years i watched it total disbelief as this insane Credit bubble developed. "New time" was the term i keep hearing....."the end to boom & bust"......Oh Please!...................To misquote Plato only the dead have seen the end to boom & bust. I always known that a recession will one day arrive, i left school at 16 and walking into mass unemployment of 1980's Britain. Some off you might recall the riots that ripped though Britain at that time including the Toxeth riot here in Liverpool............I remember it well.....I was THERE!
I got a job in 84 and things ran well till 1988, again house price bubble that was totally unstoppable.....by 89 things began to flaunter by 90 we had a Recession. It wasn't too bad, over quite quickly and those whom didn't understand the term "Prudence" where taught a VERY hard lesson. I noticed that since 1945 Brittan has "enjoyed" a recession every 12 years or so. In 2000 with the Dot Com crash i got ready, house prices had inflated a bit too much and this would "Clip" them back down to earth nicely.
I waited, but nothing happened, no recession.............What i didn't know was the Fed along with the BOE had a plan, to flood the World with cheap credit. Thus the Housing bubble swelled to such a size that it was only a period of time before it must POP. An Example is my Mum's House, £110,000 in 99.....................£385,000 in 05 (that's the price one next to her's went for). 400 % in 6 years!.......WTF!
I began to research on the Web and a friend in Oz gave me the link to Aaron's site and from there i found "HP" and others....i was not alone. Smart sensible people around the planet were as alarmed by this as me! The icing in the cake was "Euro-Pacific" site and the video interviews with Peter S.......This guy is a real live wire and his logic is unshakable.
I tried to discuss this others whom just laughed at me "Mike, THEY won't let it happen"........The Fed will sort it. "We don't have recessions any more". I got the feeling that i was getting known more & more as "Chicken little Mike". However the news is NOW beginning to make the MSM (now that they stopped "Flip that House"). You think people would be happy or at lest admit i was right to be concerned......not a bit of it!
Just as they were convinced that Iraq WAS a major threat about to attack us with WMD (only to find that was a lie) they feel "Sure" that this Sub-prime thing will blow over. Now if your in the same position might i suggest a survival plan.
1. Yes, you were right, you were always going to be right, now yes feel smug, but don't show it.
2. "Suffer" with your friends, yep they will be in DEEP trouble, may be losing their homes etc, be sensitive to that.
3. Don't buy a new car, nothing kicks in the balls quite as hard as seeing somebody doing FINE when your NOT.
4. Don't discuss "offshore banking" or buying Gold/Silver....These people are going to be BIG pain and very short of cash.
5. Remember people in pain can become quite spiteful, eg they will happy to drop you in trouble with Tax or Police etc simply to feel "better"
6. Don't Cheer at getting a VERY large saving rate at the bank, remember they paying for that.
Yes they were dumbfucks and your were not, but you must appear to be a dumbfuck as well as to fit in. My late Irish Grandfather had a great saying......."Becarful about following the herd because its either being lead off to be milked or slaughter!"
"Chicken little Mike.................more like Mavick Mike"..............Enjoy this recession, make good use of the "fire sale" opportunity's that will come, invest well into the recovery.......profit greatly from it..................Just don't show it!
Cheers
Mike
I quite like being a "Doomer", for years i watched it total disbelief as this insane Credit bubble developed. "New time" was the term i keep hearing....."the end to boom & bust"......Oh Please!...................To misquote Plato only the dead have seen the end to boom & bust. I always known that a recession will one day arrive, i left school at 16 and walking into mass unemployment of 1980's Britain. Some off you might recall the riots that ripped though Britain at that time including the Toxeth riot here in Liverpool............I remember it well.....I was THERE!
I got a job in 84 and things ran well till 1988, again house price bubble that was totally unstoppable.....by 89 things began to flaunter by 90 we had a Recession. It wasn't too bad, over quite quickly and those whom didn't understand the term "Prudence" where taught a VERY hard lesson. I noticed that since 1945 Brittan has "enjoyed" a recession every 12 years or so. In 2000 with the Dot Com crash i got ready, house prices had inflated a bit too much and this would "Clip" them back down to earth nicely.
I waited, but nothing happened, no recession.............What i didn't know was the Fed along with the BOE had a plan, to flood the World with cheap credit. Thus the Housing bubble swelled to such a size that it was only a period of time before it must POP. An Example is my Mum's House, £110,000 in 99.....................£385,000 in 05 (that's the price one next to her's went for). 400 % in 6 years!.......WTF!
I began to research on the Web and a friend in Oz gave me the link to Aaron's site and from there i found "HP" and others....i was not alone. Smart sensible people around the planet were as alarmed by this as me! The icing in the cake was "Euro-Pacific" site and the video interviews with Peter S.......This guy is a real live wire and his logic is unshakable.
I tried to discuss this others whom just laughed at me "Mike, THEY won't let it happen"........The Fed will sort it. "We don't have recessions any more". I got the feeling that i was getting known more & more as "Chicken little Mike". However the news is NOW beginning to make the MSM (now that they stopped "Flip that House"). You think people would be happy or at lest admit i was right to be concerned......not a bit of it!
Just as they were convinced that Iraq WAS a major threat about to attack us with WMD (only to find that was a lie) they feel "Sure" that this Sub-prime thing will blow over. Now if your in the same position might i suggest a survival plan.
1. Yes, you were right, you were always going to be right, now yes feel smug, but don't show it.
2. "Suffer" with your friends, yep they will be in DEEP trouble, may be losing their homes etc, be sensitive to that.
3. Don't buy a new car, nothing kicks in the balls quite as hard as seeing somebody doing FINE when your NOT.
4. Don't discuss "offshore banking" or buying Gold/Silver....These people are going to be BIG pain and very short of cash.
5. Remember people in pain can become quite spiteful, eg they will happy to drop you in trouble with Tax or Police etc simply to feel "better"
6. Don't Cheer at getting a VERY large saving rate at the bank, remember they paying for that.
Yes they were dumbfucks and your were not, but you must appear to be a dumbfuck as well as to fit in. My late Irish Grandfather had a great saying......."Becarful about following the herd because its either being lead off to be milked or slaughter!"
"Chicken little Mike.................more like Mavick Mike"..............Enjoy this recession, make good use of the "fire sale" opportunity's that will come, invest well into the recovery.......profit greatly from it..................Just don't show it!
Cheers
Mike
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