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Popular Threads
Sometimes you have to rebel, not only against the crowd, but against your friends and your family. And your own natural tendencies. Giving up everything you don't want to get everything you want can be really hard.
But that's the real work, isn't it?
Jules
(I happened upon the Peter Schiff video today from a completely separate source. Peter Schiff must feel SO VINDICATED right now.)
If he's a Cassandra that's one thing, but there's such a thing as randomly being right, too.
to me it is a kind a same statement when Reagan went: ´ FACT`S ARE STUPID THINGS ....` George is probably the worst president ever...laughs.. oh my ....
Bird died 34, too... the doctor predicted his age 64...
Hendrix died with just a few bucks on in his account.. at age 27....
Marley was 36... Himself predicting his death and illness 3 years earlier....
´Me gwon die at 36 like the Christ... ` Who are the real revolutionists? and what it is?
Now you tell me...
The best markets, energy precious metals and uranium have been sold off into the dirt because of a belief that there will be deep deflation. On TV this is what everyone is saying, the so called experts. (guy Adami, Dennis Gartman, Steve Forbes, Robert Praechter (who will still claim deflation when canned corn costs a 100 dollars a can) and every one else that parrots them. Peter understands that the "deflation" that we are having is from de-leveraging. Banks, hedge funds and everyone else short the dollar and long assets in leverage are being made to unwind the positions due to margin calls and redemptions. This forces buying of the dollar which will ultimately crash after this impulse is played out. It is true that the credit lockups of the past two years have killed businesses everywhere. There are plenty of real reasons to think that a vicious deflation is underway. My opinion is that they will only go into the greater depression after the currencies collapse and that gives everyone time get their act together in preparation for this.
There is tons of money sitting idle. When money velocity returns and the effects of the massive increase in the worldwide monetary base kick in the next round of inflation will be whithering. Many assets being shunned now will return 100 to 1 or much more later when the sentiment changes. Intelligent investing frequently involves doing what everyone is not doing in a large way at critical turning points. If someone knows the correct gold, silver, oil/gas, uranium stocks to purchase they will be blown away at what they make. If someone does not want to think much and just play for solid returns of merely 100% and better they could just buy silver and gold. Hold it in a foreign country because currency controls are coming. Then when you are rich go do what ever you want in music backed by your mighty wealth. You won't have long to wait the printing presses of the worlds currencies are humming right now!
Thats amazing that you guys are following Peter. Bud Conrad, Jim Willie, Doug Noland, Jim Turk, Mark Faber, Puru Saxena and many others provide great insight into the complex world that we are members of.
And so on... count for ya self.... I am poorer than ever because the paychecks are dragging.... like they always do...mind ya : THE ONLY LEARNED PERSONS ARE SELF TAUGHT. THE OTHERS ARE TAUGHT. - Erno Paasilinna, Finnish Writer.
“Don't worry about people stealing your ideas. If your ideas are any good, you'll have to ram them down people's throats.” - Howard Aiken
except when that band genuinely sucks.
our band and for our music. Our plan is to stay busy making music and gigging and making videos and making guitar pedals.. So far very good for The Hippy Nuts.
and Tim Champion pedals just got selected in the Best of 2008 in Premier Guitar Magazine. It's a brand new business and it's so exciting to be selling so many so soon.
Derek, you said to just jump in and start a business without lengthy business plans.
Thanks for sharing those pearls of wisdom. Everybody, keep on smiling. Kathena