143 comments on Financial bubble - who will say that the emperor is naked?
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Don in Colorado said,
"I'm so tired of waiting for this impending implosion."
What a great sentence!
I don't know how long you've been waiting, but some of us have been waiting since the 1970's....gas lines, hyper inflation, double digit interest rates and unemployment...of course, the era of "growth" was over, the book "Limits Of Growth" was written then, so was Treasury Secretary William Simmons book "A Time For Truth" that said if the U.S. ever went more than 1 trillion in the red, that was pretty much the end of the nation....
Of course, many who kept waiting for the "impending implosion" missed out on the biggest personal wealth building era in world history. And I have to love those who say, "well it's all fiat money, not the REAL thing". These folks are living in giant homes (REAL), on dozens of acres of paid for land (REAL), with big luxury cars (REAL), and their kids are by now graduated from REAL colleges and making nice incomes....., they have spent their lives eating REAL food at nice restuarants, going to REAL vacation spots, wearing REAL clothes and jewelry.....what wasn't REAL about it?
Oh, fuel costs....I'll give an example...I know a guy who just bought a big sport ute (I tried to talk him into one of the Diesel Benzes, but he said, "I'm not listening to that racket...(referring not to me, but to the Diesel engine clatter! :-) When I pressed him on the issue of fuel costs, he said, "let it go up, I can pay for the gas out of my energy investment dividends alone...."
I recently heard one of the "coming doom" debunkers say he didn't have time for it, he was going to enjoy life....the person speaking to him said, "but just you wait", to which he replied, "NO, you wait, I'll live.."
RC
Remember, we are only one cubic mile from freedom
You know, you don't have to wait any longer for the disaster, you are allready right in it. You have to grasp the larger picture. Your rich friend, he eats supermarket-food, so even when he choses only the alleged healthy stuff (fruits and vegetables), he gets a lot less for his health as twenty or thirty years ago, because it is all produced industrially and so the healthy things (vitamins etc...) in it are almost gone (REAL).
He works in a hyper-clean office and therefore has all kinds of allergies (REAL).
To displace himself, he uses his nice climatised car instead of walking or cycling, he doesn't know the weather, he doesn't meet someone accidentally, he gets fat (REAL).
To not get fat, he works out in a fittnes-club and pays 50€ a month (REAL).
In fact, he lives a complete sterile life. He follows the fashion and the offers he sees in the advertisement at 20:00, just when he comes home, he eats what they tell him, he wears what they tell him, he looks how they tell him, his girlfriend also, his flat or house, his insurrances, his „friends“, his opinion about everything, even his freetime, where he is supposed to be free, is stuffed to fulfill the wishes of the system. He is a slave to this system, that he is so happy that it functions so great. This is all REAL.
Your friend doesn't live while you wait, he is desperate (REAL) while you live, because you know what is going on (you read the oildrum), you can decide, he doesn't have a choice, until he in turn begins to wait, as he calls it.
Interesting isn't it those of us who considered disaster the last 20 or 30 years probably have a better life than the players? Better prepared, less hubris, more time.