Hello Grace, <<So what's your contingency plan for when the end of the world as we know it fails to materialize one more time?>>
We must be patient. The road to TeoTwawKi is a long and twisty path, the travel is harsh, and the journey will be full of exquisite anguish and much more pain.
I believe a world where:
(a) The officialdom is deliberately lowering the risk-free rate of return to zero,
(b) The powers that be wants to forestall the masses from exchanging less of their cash for more goods,
(c) The long-tail pension obligations are being legislatively broken,
(d) The now very connected global system of economy, trade and finance is ruled by one senility-stricken central banker, surrounded by many ‘yes’ men,
(e) The central banker rants on in engineering terms about productivity of widgets made elsewhere, and refuses to talk, in financial language, the value of money, and in human logic, the power of faith, here
… is a world gone awry, sliding towards the point of no return, inexorably on its way to TeoTwawKi.
What is the contingency plan should TeoTwawKi fail to materialize?
I think no such plan is needed, because those who do own research, evaluation, and walk the lone path of contrary thinking is, has been and will continue to be making money, in dribs and drabs, ever flexible, always alert.
I am not planning for booms, because a boom is simply not in the 52 cards. I am simply preparing for bust, getting in tune with the Force, sensing the energy, keeping aware of the dangers, and on the lookout for opportunities. Because, as promised by Professor Benankaput, a boom, should one materialize, will be inflation-led and debt-financed, meaning accompanied by massive devaluation of every bit of paper most equity-investing folks hold ... so, the big kaboom is promised.
I figure: hoard gold, value Canada, buy natural gas;0)
The natural trades, obvious exchanges, apparent wagers and sure bets, require no intellectualizing.
Chugs, Jay
P.S. Here is a bit of imagination and some words, of caution:
What is the financing requirement to deal with economic stagnation, financial collapse, debt implosion, monetary inflation, currency devaluation, new-age depression, exploding home values, sealed-off homeland, nuke-exporting N.Korea, going-off-on-its-own Japan (with its wallet), nuke-importing Iran, a few hundred million unhappy Moslems, and a few dozen million of babyboomers not able to retire the Florida dream?
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