Investors Should Be Scared

Investors should be scared!

No! Investors should be terrified!!!!

Several years ago, I published a website entitled Trading to Armageddon. It dealt with how to invest/trade in advance of an economic collapse. I abandoned the website for several reasons, one of which was the amazing market recovery after the 2008 crash. The approach presented was profitable, but hardly competitive with the out-sized percentage returns from a simple buy-hold strategy.

I did not believe the economy could remain intact this long. I overestimated the time that baling wire and other gimmickry could hold the system together.

Wherever one thinks we are in the economic cycle, we are worse off than before the 2008 crisis. When the next crisis occurs is impossible to forecast with any precision. Just as no one can predict which snowflake causes the avalanche, it is impossible to know which seemingly insignificant economic event will trigger the next economic calamity.

One thing that can be reasonably predicted is the intensity of the event. It will be worse than 2008!

The Ponzi Scheme We Call Government

 

Ponzi Scheme

Fiscal responsibility disappeared long ago. It was replaced by political prostitution of the worst sort — “if you vote for me, this is what I will give you.” Neither party is interested in the good of the country. Both compete to gain or retain office. The chief tool to achieve this self-centered goal is to out-Santa Claus the other.

The destruction of the school system has made it possible to make people believe that government is the source of income and wealth. Generations of voters now believe the government can take care of them. Individual responsibility and effort is no longer necessary. Everyone is guaranteed a living by the Great God of Government.

Anyone with any common sense or knowledge of economic reality sees through this lie. Unfortunately, those with these attributes are fewer and fewer. A massive debacle is inevitable.

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