Tried to write a friend about Dollar Worries. He blew me off (LETTER)

[Leonytus]

Sounds like a smart friend.
You should pay more attention to him then 90 percent of the people on this board.

You might want to get some flame retardant. I wonder how many people who listened to the majority of this board before the last rally (Greatest Bull Market Rally in history yet?) are kicking themselves?

So true. Yes, the dollar could be heading for a collapse, and yes our way of life could be coming to an end, but timing is everything.
If the real collapse is decades away because the governments of the world are able to keep things afloat, why miss out on more good times, and money making oppurtunities?

What I am saying is that it is simply not good enough to be right about a collapse, but to be right on the timing as well. In my mind, we are still a long ways from that point. Those who got completely our of stocks, and sold at lows, are sure to be kicking themselves.

The board seemed to take much joy in seeing the stock market go down day after day months ago, but nary a peep as it makes its way back up.

Im sure once we enter another cycle, and stocks retreat again, the DOW watch threads will start right back up again, and the end of times will be predicted all over again. The guy writing the letter is right, there are always high, there are always lows. Don't cherry pick information to make your point. At least try to take an balanced look at things.

If the real collapse is decades away I will miss out on being wildly rich?  Boohoo, are you serious?  You must not have lurked around this board before signing up. 

Those who waited to DOW 6500 to sell their stock do not reside on this board, you've got the wrong address. 

I think you're looking for the Rich Jerk forum; fast cars, beautiful women, big mansions, etc. 

The good times are just getting started, so don't let us stop you, head on over and get started partying. 

BTW, there aren't ALWAYS highs and ALWAYS lows and I'd be more than happy to cite numerous examples but the fact that you are unaware of this tells me you'd be better off doing some extensive reading rather than having it spoon fed to you.   

You misunderstood most of what he said..either that or are just plainly putting words in his/her mouth, this does not work to make your argument very convincing...

[xyu]

-

[xyu]

Sounds like a smart friend.
You should pay more attention to him then 90 percent of the people on this board.

You might want to get some flame retardant. I wonder how many people who listened to the majority of this board before the last rally (Greatest Bull Market Rally in history yet?) are kicking themselves?

So true. Yes, the dollar could be heading for a collapse, and yes our way of life could be coming to an end, but timing is everything.
If the real collapse is decades away because the governments of the world are able to keep things afloat, why miss out on more good times, and money making oppurtunities?

What I am saying is that it is simply not good enough to be right about a collapse, but to be right on the timing as well. In my mind, we are still a long ways from that point. Those who got completely our of stocks, and sold at lows, are sure to be kicking themselves.

The board seemed to take much joy in seeing the stock market go down day after day months ago, but nary a peep as it makes its way back up.

Im sure once we enter another cycle, and stocks retreat again, the DOW watch threads will start right back up again, and the end of times will be predicted all over again. The guy writing the letter is right, there are always high, there are always lows. Don't cherry pick information to make your point. At least try to take an balanced look at things.

If the real collapse is decades away I will miss out on being wildly rich?  Boohoo, are you serious?  You must not have lurked around this board before signing up. 

Those who waited to DOW 6500 to sell their stock do not reside on this board, you've got the wrong address. 

I think you're looking for the Rich Jerk forum; fast cars, beautiful women, big mansions, etc. 

The good times are just getting started, so don't let us stop you, head on over and get started partying. 

BTW, there aren't ALWAYS highs and ALWAYS lows and I'd be more than happy to cite numerous examples but the fact that you are unaware of this tells me you'd be better off doing some extensive reading rather than having it spoon fed to you.   

Who's talking about being filthy rich here? We're talking about the difference between possibly being poor and being comfortable

If, as many people here believe, you should take all your money out of the stock market, all your money out of the "system" and buy preps, and the system keeps going for 30 more year, you will have little to show for it.

The system countinuing means high inflation. Inflation will eat away at your preps as it sits on the sidelines.

In the end it all comes down to timing. If you believe the collapse is inevitable and moments away (as it seems you do) then yes, get out of the stock market and never look back. That position is amongst the vast minority in the world though, something that people reading through this board would have little concept of, since only information is posted that suits their cause. Good luck.

[xyu]

Sounds like a smart friend.
You should pay more attention to him then 90 percent of the people on this board.

You might want to get some flame retardant. I wonder how many people who listened to the majority of this board before the last rally (Greatest Bull Market Rally in history yet?) are kicking themselves?

So true. Yes, the dollar could be heading for a collapse, and yes our way of life could be coming to an end, but timing is everything.
If the real collapse is decades away because the governments of the world are able to keep things afloat, why miss out on more good times, and money making oppurtunities?

What I am saying is that it is simply not good enough to be right about a collapse, but to be right on the timing as well. In my mind, we are still a long ways from that point. Those who got completely our of stocks, and sold at lows, are sure to be kicking themselves.

The board seemed to take much joy in seeing the stock market go down day after day months ago, but nary a peep as it makes its way back up.

Im sure once we enter another cycle, and stocks retreat again, the DOW watch threads will start right back up again, and the end of times will be predicted all over again. The guy writing the letter is right, there are always high, there are always lows. Don't cherry pick information to make your point. At least try to take an balanced look at things.

If the real collapse is decades away I will miss out on being wildly rich?  Boohoo, are you serious?  You must not have lurked around this board before signing up. 

Those who waited to DOW 6500 to sell their stock do not reside on this board, you've got the wrong address. 

I think you're looking for the Rich Jerk forum; fast cars, beautiful women, big mansions, etc. 

The good times are just getting started, so don't let us stop you, head on over and get started partying. 

BTW, there aren't ALWAYS highs and ALWAYS lows and I'd be more than happy to cite numerous examples but the fact that you are unaware of this tells me you'd be better off doing some extensive reading rather than having it spoon fed to you.   

One last point on timing. When there was huge hysteria about the end of the world coming due to a nucleur armegedan, many people prepared and spent lots of money on shelters. In the end, their preps were wasted because nothing happened. Maybe 20 years from now those preps would have come in handy as the world disenigrates amongst a nucleur war, but their timing was off, so they were wrong. The same argument can be made here. Being right about the end result is not as important as being right about the timing of when that end result will occur.

[Doomerific]

Sounds like a smart friend.
You should pay more attention to him then 90 percent of the people on this board.

You might want to get some flame retardant. I wonder how many people who listened to the majority of this board before the last rally (Greatest Bull Market Rally in history yet?) are kicking themselves?

So true. Yes, the dollar could be heading for a collapse, and yes our way of life could be coming to an end, but timing is everything.
If the real collapse is decades away because the governments of the world are able to keep things afloat, why miss out on more good times, and money making oppurtunities?

What I am saying is that it is simply not good enough to be right about a collapse, but to be right on the timing as well. In my mind, we are still a long ways from that point. Those who got completely our of stocks, and sold at lows, are sure to be kicking themselves.

The board seemed to take much joy in seeing the stock market go down day after day months ago, but nary a peep as it makes its way back up.

Im sure once we enter another cycle, and stocks retreat again, the DOW watch threads will start right back up again, and the end of times will be predicted all over again. The guy writing the letter is right, there are always high, there are always lows. Don't cherry pick information to make your point. At least try to take an balanced look at things.

If the real collapse is decades away I will miss out on being wildly rich?  Boohoo, are you serious?  You must not have lurked around this board before signing up. 

Those who waited to DOW 6500 to sell their stock do not reside on this board, you've got the wrong address. 

I think you're looking for the Rich Jerk forum; fast cars, beautiful women, big mansions, etc. 

The good times are just getting started, so don't let us stop you, head on over and get started partying. 

BTW, there aren't ALWAYS highs and ALWAYS lows and I'd be more than happy to cite numerous examples but the fact that you are unaware of this tells me you'd be better off doing some extensive reading rather than having it spoon fed to you.   

Who's talking about being filthy rich here? We're talking about the difference between possibly being poor and being comfortable

If, as many people here believe, you should take all your money out of the stock market, all your money out of the "system" and buy preps, and the system keeps going for 30 more year, you will have little to show for it.

The system countinuing means high inflation. Inflation will eat away at your preps as it sits on the sidelines.

In the end it all comes down to timing. If you believe the collapse is inevitable and moments away (as it seems you do) then yes, get out of the stock market and never look back. That position is amongst the vast minority in the world though, something that people reading through this board would have little concept of, since only information is posted that suits their cause. Good luck.

So you think people are intentionally making themselves poor?  Had we not learned how to garden and put food for the winter and be self sufficient then we could have spent our time stacking our resumes?  How does preparing for a difficult future make one poor or preclude one from living comfortably?  We are doing these things so that we will live comfortably.  Because of this website many people have made alot of money and avoided losing alot of money not only on the DOW but also their house, would you like to argue that housing is about to go up in value?  

If I take my money out of the stock market and the system keeps going, I can't possibly lose anything.  Missed opportunity is not losing anything.  Do you know what the long term return on the DOW is?  http://www.itulip.com/realdow.htm  In 30 years, best case scenario, you'll have a piece of paper that you can sell to someone.  30 years from now people on this forum will have flourshing farms and relevant businesses.  Preps are not cans of food and guns my friend, we are changing how we live here, not getting ready for the rapture.  

Inflation does not eat away at your preps, you've got it 180 degrees backwards.  The only 100% no fail way to invest is to buy what you will need tomorrow, today.  Simple as that.  

It's not about timing.  It's about realizing that we're all going to die someday, that day could be today.  It's about realizing that you better do what it is you want to be doing because doom or no doom, you're dead sooner or later.  It's about realizing that you shouldn't slave away at some crap job for 30 years assuming you get to retire and live out the American dream.  If you want to live a certain way, go do it, now, because you might not get a tomorrow.  

Collapse is not imminent, it started a long time ago.  Out of the stock market a long time ago.  If I think the stock market going down puts me in the minority what should I care?  I'm getting some real insight into your thinking; dare I say herd mentality?  This site is like any other source of information, you have to critically think it through and decide for yourself if it's garbage, just because it's posted here doesn't mean it's good or that we even agree with it.  

If I had to take a guess, I would say that our reprieve was the 1970's and this time we will not be so fortunate.  But that's just a guess and I really couldn't care less if I end up living out my life on a farm growing my own food and spending my days with my family when I could have lived in a suburban 3/2 and a cubicle waiting for the golden hovaround to take me to the nursing home.  

[Doomerific]

One last point on timing. When there was huge hysteria about the end of the world coming due to a nucleur armegedan, many people prepared and spent lots of money on shelters. In the end, their preps were wasted because nothing happened. Maybe 20 years from now those preps would have come in handy as the world disenigrates amongst a nucleur war, but their timing was off, so they were wrong. The same argument can be made here. Being right about the end result is not as important as being right about the timing of when that end result will occur.

Look, if you want to live in the city, drive a Tahoe and fly to the Caribbean, go for it.  That's my point man, whatever the hell it is you want to do, go do it.  You have to love the way you're living so much that you're ready to die doing it because sooner or later, you will.  That is an absolute given. 

So what is this golden nugget of timing info that you have for us?  What is it that has you so convinced that we've got the timing all off and everything is business as usual for another 20 years?   

[ninakat]

Stop trying to convince people.  If people do not realize what is going on by now, they never will.  Let them go, they are in absolute denial and will never see the truth.  They are and will be a liability to you in the future. 

They will be the ones that PANIC, they will be the ones who will go berserk. 

If people are not angry right now, what does that tell you?  You should be angry & afraid for your country and for future generations.

We are way to far into this for denial.  If you are in denial at this point, there is no hope for you.  You may not realize it, but you are already dead.

Exactly my point of view. Well, except the "already dead" part. Perhaps better stated as "unlikely to survive" the coming economy.

But Big Scotsman's main point cannot be stressed enough: STOP TRYING TO CONVINCE PEOPLE.

I've learned this the hard way. I've tried to warn my friends and colleagues about peak oil, economic collapse, and all the other issues we discuss here at LATOC and in each and every case, their minds were made up and I had ZERO sway. And this really goes against my sense of duty toward my brothers and sisters. It's just the hard truth about human nature, especially in matters pertaining to money.

[Doom2Spare]

Sounds like a smart friend.
You should pay more attention to him then 90 percent of the people on this board.

You might want to get some flame retardant. I wonder how many people who listened to the majority of this board before the last rally (Greatest Bull Market Rally in history yet?) are kicking themselves?

So true. Yes, the dollar could be heading for a collapse, and yes our way of life could be coming to an end, but timing is everything.
If the real collapse is decades away because the governments of the world are able to keep things afloat, why miss out on more good times, and money making oppurtunities?

What I am saying is that it is simply not good enough to be right about a collapse, but to be right on the timing as well. In my mind, we are still a long ways from that point. Those who got completely our of stocks, and sold at lows, are sure to be kicking themselves.

The board seemed to take much joy in seeing the stock market go down day after day months ago, but nary a peep as it makes its way back up.

Im sure once we enter another cycle, and stocks retreat again, the DOW watch threads will start right back up again, and the end of times will be predicted all over again. The guy writing the letter is right, there are always high, there are always lows. Don't cherry pick information to make your point. At least try to take an balanced look at things.

If the real collapse is decades away I will miss out on being wildly rich?  Boohoo, are you serious?  You must not have lurked around this board before signing up. 

Those who waited to DOW 6500 to sell their stock do not reside on this board, you've got the wrong address. 

I think you're looking for the Rich Jerk forum; fast cars, beautiful women, big mansions, etc. 

The good times are just getting started, so don't let us stop you, head on over and get started partying. 

BTW, there aren't ALWAYS highs and ALWAYS lows and I'd be more than happy to cite numerous examples but the fact that you are unaware of this tells me you'd be better off doing some extensive reading rather than having it spoon fed to you.   

Who's talking about being filthy rich here? We're talking about the difference between possibly being poor and being comfortable

If, as many people here believe, you should take all your money out of the stock market, all your money out of the "system" and buy preps, and the system keeps going for 30 more year, you will have little to show for it.

The system countinuing means high inflation. Inflation will eat away at your preps as it sits on the sidelines.

In the end it all comes down to timing. If you believe the collapse is inevitable and moments away (as it seems you do) then yes, get out of the stock market and never look back. That position is amongst the vast minority in the world though, something that people reading through this board would have little concept of, since only information is posted that suits their cause. Good luck.

So you think people are intentionally making themselves poor?  Had we not learned how to garden and put food for the winter and be self sufficient then we could have spent our time stacking our resumes?  How does preparing for a difficult future make one poor or preclude one from living comfortably?  We are doing these things so that we will live comfortably.  Because of this website many people have made alot of money and avoided losing alot of money not only on the DOW but also their house, would you like to argue that housing is about to go up in value?  

If I take my money out of the stock market and the system keeps going, I can't possibly lose anything.  Missed opportunity is not losing anything.  Do you know what the long term return on the DOW is?  http://www.itulip.com/realdow.htm  In 30 years, best case scenario, you'll have a piece of paper that you can sell to someone.  30 years from now people on this forum will have flourshing farms and relevant businesses.  Preps are not cans of food and guns my friend, we are changing how we live here, not getting ready for the rapture.  

Inflation does not eat away at your preps, you've got it 180 degrees backwards.  The only 100% no fail way to invest is to buy what you will need tomorrow, today.  Simple as that.  

It's not about timing.  It's about realizing that we're all going to die someday, that day could be today.  It's about realizing that you better do what it is you want to be doing because doom or no doom, you're dead sooner or later.  It's about realizing that you shouldn't slave away at some crap job for 30 years assuming you get to retire and live out the American dream.  If you want to live a certain way, go do it, now, because you might not get a tomorrow.  

Collapse is not imminent, it started a long time ago.  Out of the stock market a long time ago.  If I think the stock market going down puts me in the minority what should I care?  I'm getting some real insight into your thinking; dare I say herd mentality?  This site is like any other source of information, you have to critically think it through and decide for yourself if it's garbage, just because it's posted here doesn't mean it's good or that we even agree with it.  

If I had to take a guess, I would say that our reprieve was the 1970's and this time we will not be so fortunate.  But that's just a guess and I really couldn't care less if I end up living out my life on a farm growing my own food and spending my days with my family when I could have lived in a suburban 3/2 and a cubicle waiting for the golden hovaround to take me to the nursing home.  

One of the best posts that I have read since I've been here!           Thanx 4 that Doomerific!

[Emeline]

Well said Doomerific and I agree with other posters who said it's virtually impossible to convince people about "impending doom".  I try to talk to people sometimes about peak oil and the ramifications, or just preparedness in general for emergency situations, and most people not only don't want to know, they'll look at you like you're crazy.

For me this IS about a whole change of mindset, not just stocking cans of peaches, because I believe we are facing whole PARADIGM & SYSTEMIC changes, radical ones at that.  I always look at the fundamentals.

That said, I am certainly willing to listen to and consider opposing viewpoints and I think your friend did raise a very good point - what is the person "informing" you about something trying to sell you?  Someone can inform and sell and still be very genuine, or they can be a shill peddling something for their own gain - only you can decide that, and a good way to decide is to study different viewpoints.

In terms of preparedness, which I think a lot of this board is about, I've said before preparedness helps me NOW.  Preparedness, planning and a high degree of self sufficiency already benefits me in many ways.

One of our neighbours came in the other day.  Her husband has just been diagnosed with an aggressive, malignant form of stomach cancer.  He's having an operation this Tuesday, then he may be off work for weeks, if not months and he may NEVER go back to work.  He is self employed.  Course in NZ he won't have to pay medical bills but they have high outgoings.  She only earns about 250 a week doing a part time job.  If he loses all his income they may quality for a limited amount of welfare I guess, but nowhere near enough to cover their mortgage, other debts and expenses.  As if the cancer is not bad enough they are worried sick about their financial future. 

Now imagine in their situation if they had months of food stored on hand, some hens, a vegetable garden, months worth of medical supplies and other groceries etc how much of a HELP that would have been to them.  It might not have relieved all the financial pressure but I bet it would have helped enormously.  Maybe it would even have just given them some breathing space.

Not to sound smug but because we DID prepare and are in self sufficiency mode we're going to be giving them plenty of eggs and vegetables every week and able to help them in some other ways,  and I feel really pleased we can at least do that.  If WE are ourselves prepared it gives us the means to help other people in our communities as well - which I think is equally important.

[quick]

Sounds like a smart friend.
You should pay more attention to him then 90 percent of the people on this board.

You might want to get some flame retardant. I wonder how many people who listened to the majority of this board before the last rally (Greatest Bull Market Rally in history yet?) are kicking themselves?

Bought gold at 280.00 many years ago - I'm happy and give a rats ass about the last rally. In dollar terms - it was a good investment - even tho all I wanted was to preserve purchasing power. Thats all I did


If you were in the market for the last 10 years - you lost purchaseing power.

[lodo_bear]

I am not a communist.


Communists like the color red

Red starts with "R"

R also starts the word retrorockets

I am not wearing any retrorockets

I am therefore not a communist

If wearing retrorockets is wrong, then I don't want to be right.

As for doom, what horrifies me is seeing how much is already happening. Dozens of smaller countries have experienced their own currency collapses, oil crashes and die-offs. We tell ourselves, "It can't happen here", but it will. It already is.

[Peelo]

I am not a communist.


Communists like the color red

Red starts with "R"

R also starts the word retrorockets

I am not wearing any retrorockets

I am therefore not a communist

I am sort of partial to the retrorockets. Does that make me a commie?
Up here, they give the commies a bullet to the brainpan.

[bagpiper]

Give it up, like we've said on this board time and again, as long as there are groceries and gas in the stores, preaching falls on deaf ears.
This generation is "given over to ignorance" and "my people are destroyed through lack of knowledge."

They have "itching ears" and will only listen to that which scratches the itch. (What they want to hear.)

It has been said, many times, if a thing cannot continue indefinitely, it won't.

If you see storm clouds on the horizon, best to gather the stock into the barn...eh?

There is wisdom here, take advantage of it, and then you can....."don't worry, be happy".

[Diogenes]

Well said Doomerific and I agree with other posters who said it's virtually impossible to convince people about "impending doom".  I try to talk to people sometimes about peak oil and the ramifications, or just preparedness in general for emergency situations, and most people not only don't want to know, they'll look at you like you're crazy.

For me this IS about a whole change of mindset, not just stocking cans of peaches, because I believe we are facing whole PARADIGM & SYSTEMIC changes, radical ones at that.  I always look at the fundamentals.

That said, I am certainly willing to listen to and consider opposing viewpoints and I think your friend did raise a very good point - what is the person "informing" you about something trying to sell you?  Someone can inform and sell and still be very genuine, or they can be a shill peddling something for their own gain - only you can decide that, and a good way to decide is to study different viewpoints.

In terms of preparedness, which I think a lot of this board is about, I've said before preparedness helps me NOW.  Preparedness, planning and a high degree of self sufficiency already benefits me in many ways.

One of our neighbours came in the other day.  Her husband has just been diagnosed with an aggressive, malignant form of stomach cancer.  He's having an operation this Tuesday, then he may be off work for weeks, if not months and he may NEVER go back to work.  He is self employed.  Course in NZ he won't have to pay medical bills but they have high outgoings.  She only earns about 250 a week doing a part time job.  If he loses all his income they may quality for a limited amount of welfare I guess, but nowhere near enough to cover their mortgage, other debts and expenses.  As if the cancer is not bad enough they are worried sick about their financial future. 

Now imagine in their situation if they had months of food stored on hand, some hens, a vegetable garden, months worth of medical supplies and other groceries etc how much of a HELP that would have been to them.  It might not have relieved all the financial pressure but I bet it would have helped enormously.  Maybe it would even have just given them some breathing space.

Not to sound smug but because we DID prepare and are in self sufficiency mode we're going to be giving them plenty of eggs and vegetables every week and able to help them in some other ways,  and I feel really pleased we can at least do that.  If WE are ourselves prepared it gives us the means to help other people in our communities as well - which I think is equally important.

Good points, but the way I look at it is it's simply the most sensible way to live ;~) We have been brought up to trade big chunks of our lives as slaves to commerce, " why put in a garden/chickens/orchard etc. when you can buy it in the store for $2.50" seems to be the MSM/TPTB mantra to us all. To me Peak oil is not the only issue, one should strive be as self sufficient as possible for the simple reason that it sets you free from BAU instead of selling bits of your life for pieces of paper or starve

[Six Gun Jim]

Hey I hate to bring this up but so far in one year we have lost MASSIVE ground in everything BUT the stock market. And how many names did they change on the big board to accomplish that? C'mon, how many? If all that doesn't speak to the timing as being impending you'd have to let the fire burn from you pants all the way to your hat to jump in the water. The losses are mounting everywhere but the market, it's pretty obviously a nice bubble for all the suckers to bounce on.