Slow Motion Crack Up

In a storm you still have sails out, just different sails.

Anyone who took on more credit that they can now handle is in trouble.

There is nothing the government can do to solve the problem. The damage was done during the boom. Now the question is who will foot the bill? The government can only decide who suffers: the people who caused the problem, or the people who had nothing to do with it. Further, any action whatsoever they take will only make matters worse, later.

It is guaranteed those who had nothing to do with it will be obliged to pay for those who had noting to do with it.

None of this was unpredictable, since I am in business, I know there are plenty of people who spotted this. I am shorting all of the averages now, have been since those who know said so, last October, and of course I am making money. I am not at all smart. But being in business for yourself allows you to hear and see things others don’t. Since you are on your own, you are free. Your perspective is better from which to observe, and the advice of those around you is better.

If you work for a huge company, they tell you all is well the night before you are wiped out.

This does not mean that all is lost. You can certainly thrive in this system.

First,you must be self-employed. Look to work in which you get your daily bread, money transactions. Watch out for anyone who has debts greater than they can handle. They will believe the government will help them, but there are no actions a government can do to help anyone. Trust no one in debt. There are too many people who are thriving to waste time with people going under. If you wish to make donations, do so, but don’t let fools take you down.

Top doctors and dentists are giving huge discounts for cash payment. Time to rethink insurance.

Being self-employed will be the best credit possible. No matter what you need, space, equipment, people, deals can be cut now where you pay no one until they have made you money. I am expanding into this terrible economy on precisely this basis.

America needs you to do well for us to lead everyone out of this mess, so be glad if you have money, access, privilege while others face foreclosure. (In fact, no one should face foreclosure... if you cannot pay, the banks will cut a deal. I know specific instances where people CAN pay and are forcing the banks to make concessions.)

These eras come and go. I’ve seen lighter versions, and I think this will be heavier than anything before. But there is no reason why you personally cannot do well. Just know that like in Hurricane Katrina, you are on your own. Serve others, and you will do well.

Bookmark this post --- Email this post