Originally posted by ALightinDarkness
reply to post by windwaker
Uhh, no. The smart people were already in gold and are now getting out because the sheep are catching on. Its creating a bubble that is going to
burst. The only people left hawking gold are the ones who trying to drive it up before it crashes back down to reality.
The dumb people are the ones listening to the idiots crying wolf and buying whole sale into the commodities bubble and over-investing in foreign
currencies. The dumb people are doing what the sheeple do: sell low, and buy high. The sheeple bought into the dot come bubble burst when it was to
late, they bought into the real estate bubble when it was to late, and now they are buying into the commodities market when its to late.
I'll go with the smart people. You sell low and buy high, I'll buy low and sell high.
[edit on 28-6-2008 by ALightinDarkness]
Thank God someone pointed that out. I'm not an economist, politician, or any of those things. Folks, gold, in today's markets, is just another
commodity. It adds insult to injury amongst the Mises acolytes, but it is. If this ends up just being a recession, it's likely that gold, at some
point, will go into freefall. It's done so before.
What we're seeing today is an attempt at a controlled crash of an insane credit bubble. For every 100 wild claims about what's happening, I see one
really good, well-reasoned explanation for why armchair economists have it wrong.
Y2K seems like a good analogy to me. Many of the more moderate voices are trying to tell our politicians and businessmen what must happen to clean up
this mess in the long run; similarly, Y2K was a non-event because the threat (some of it real) was taken seriously.
Every time the U.S. economy takes a downward slide the end is predicted. I was born in '75 and apparently the dollar nearly collapsed after I was
born. A devil's bargain was made to keep it going. I'm sure that at the time it was pointed out that it wouldn't work forever. In 1987 I
remember great talk about the coming end. At some point in the 90s (the 90s are a bit hazy to me ;-) there was talk of a coming end again. In 2001
there was talk of a coming end. And here we are again.
Maybe they'll be right this time. As we all live in squalor, they'll congratulate themselves for their genius for getting it right, finally.
It amazes me that there can be so much mainstream negativity, so much in MSM pointing out the very real possibility of such an economic collapse,
evidence to the contrary...but rather than focusing on the real life really scary stuff going on that's completely public knowledge, we instead see
people being accused of being "asleep" because they're not paying attention to an anonymous Internet poster who claims to be former LAPD and whose
uncle allegedly has something to do with huge concentration camps.
Real life is scary enough. My own conspiracy theory is that things like FEMA population thinning, global warming, aliens eating people, HAARP being
sinister, total economic collapse, etc. are rumors floated by someone like, say, the CIA to distract the populace from the actual scary stuff going on
around them and staring them in the face, right on their TV.
The U.S. economy is in uncharted territory and seems to be dragging the rest of the world down with it. However, screaming at people to "wake up"
and stockpile will not change whatever will happen. If people don't have emergency supplies already you won't convince them with a complete lack of
proof (other than some random Internet guys ranting about it who usually fail to provide the proof) that the U.S. economy is collapsing.
If it helps, when you're talking to people, point out to them that there's been a lot of natural disaster this year and that they should be
prepared. It might work...probably not, though.