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Strategies & Market Trends : A Y2K (Year 2000) Depression Worldwide Crash

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To: VBroady who wrote (14)10/9/1998 9:56:00 AM
From: gizelle otero  Read Replies (2) of 28
 
Comments on the previous posts:

1. Yes on the "Getting Right With Your Spiritual Side" comments. There is little we can do if my scenario actually plays out by the year 2000, other than being a good person and doing the right things (not being greedy, selfish, or violent).

2. Gold is an absolutely terrible hedge against deflation/depression. It is a commodity, and commodity prices will collapse. Gold as a medium of exchange is an idea, but how much can you carry or safely store in your house? How about the people who don't have it? Will you be willing to shoot them to protect yourself? Better buy about a house full of ammunition and never go to sleep.

3. The "Y2K Depression" has only a passing connection to the Y2K bug. The bug is a subset of the whole scene, but it is not the reason for the crisis. The reasons for the crisis are as follows, in my opinion:

a. Incompetent, corrupt, and immoral world leaders.

b. The death of spiritualism in the world and it's replacement by the love of money and adoption of the business model to every aspect of society.

c. The worldwide de-humanization of people by business. We are just another resource to be used and then thrown away by our employers.

d. The incorrect perception that every country should shares U.S.economic, political, and social values. The punishment of other countries (Asia, Africa, Europe) that do not do as we tell them to.

e. The global nature of markets and 24-hour marketplace mentality of greedy and amoral stock, bond, and currency traders.

f. The huge amount of personal, business, and government debt used to buy things we do not need and cannot pay for.

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