To pick up the title from earlier in this thread. I have done a bit more research on the one thing I saw as a potential "deal breaker" on the history thing (as per my earlier posts), ie the US debt. I found this one man crusade explaining the details of the situation and his idea about it all: http://www.stansberryresearch.com. (the 1.5hr video of it is here http://www.stansberryresearch.com/pr...VD/PPSIM511/PR)
I particularly relate to the "normalcy bias" psychology he talks about, basically it is human nature to pooh pooh the idea until we are up to our necks in the reality. The things he talks about are rock solid from a bit of Googling. So what's his "big idea"? Simple, the US dollar is not far off tanking, big time!
Maybe this time will be different to the Roman Empire view of the same situation, dunno - but I am going to put some effort into thinking through the consequences. Being in Oz isn't going to save me from them, but it will change the details undoubtedly!
Does anyone here want to talk about these big picture issues?
Edit: whilst there is a lot of substance in the above referenced articles I have done some more research which concludes the PRIME motivation of this fellow is to solve the problem for him personally by scaring the pants off people and getting them to part with $49 each for fairly outdated "survival" info in special reports, which apparently they do to the tune of several hundred a day! So I don't doubt the core truths, I but am increasingly skeptical as soon as there is a greed motivated bias on the table, and therefore the whole "think it through for yourself" thing becomes even more important... the bit about tanking of the USD seems irrefutable, the real consequences are not so plain.... It will come down to whether or not Congress can muster the brainpower to really tackle the looming debt crisis, which seems to be a topic few are confident in seeing much more than same, same - for (the very short term) now!
Edit 2: the reports can be found here http://warezcool.com/ebooks/133161-s...-collapse.html - the bottom two servers work.
I particularly relate to the "normalcy bias" psychology he talks about, basically it is human nature to pooh pooh the idea until we are up to our necks in the reality. The things he talks about are rock solid from a bit of Googling. So what's his "big idea"? Simple, the US dollar is not far off tanking, big time!
Maybe this time will be different to the Roman Empire view of the same situation, dunno - but I am going to put some effort into thinking through the consequences. Being in Oz isn't going to save me from them, but it will change the details undoubtedly!
Does anyone here want to talk about these big picture issues?
Edit: whilst there is a lot of substance in the above referenced articles I have done some more research which concludes the PRIME motivation of this fellow is to solve the problem for him personally by scaring the pants off people and getting them to part with $49 each for fairly outdated "survival" info in special reports, which apparently they do to the tune of several hundred a day! So I don't doubt the core truths, I but am increasingly skeptical as soon as there is a greed motivated bias on the table, and therefore the whole "think it through for yourself" thing becomes even more important... the bit about tanking of the USD seems irrefutable, the real consequences are not so plain.... It will come down to whether or not Congress can muster the brainpower to really tackle the looming debt crisis, which seems to be a topic few are confident in seeing much more than same, same - for (the very short term) now!
Edit 2: the reports can be found here http://warezcool.com/ebooks/133161-s...-collapse.html - the bottom two servers work.
my short was open the day earlier. i closed with +156 pips
to be honest i dont devide them into better or worse, bigger or smaller - profit is profit.
