The Slow Crash
Source: WikipediaThe problem with studying history is that we get the story from beginning to end in a complete package. The price paid, of course, is that it’s generally a person or group’s perspective, with all the accompanying prejudices and axes to grind. But it all is made to look logical, linear and obvious.
Real life though, isn’t anything like that. The “fog of war” permeates everything while history is happening. We can’t see around the next corner, let alone the next calendar year, so it all unfolds in a series of starts and stops, but generally the feeling is, it’s slow.
That’s what’s going on right now. We can look back at the stock market crashes of 1929 and 1987 and they look to us iconic. One day all is bright and right with the world, and the next day stock investors are jumping out of windows. Iconic. But that’s not how it happened. It took months and years for the events to fully unfold, and while they were unfolding, only a few understood what might be happening.
It’s the same thing today. We watch the daily ups and downs, and even with the perspective of a few months to look at, those who believe what is happening is really happening, see it all unfolding in slow motion. The problem is, like with continental drift, the breaking up of ice ledges in the Antarctic or a tsunami, in nature, that which moves slowly usually carries a lot more energy and momentum. The energy being released is slow, steady, but relentless, and that’s what’s happening here. We’re in a slow crash that will change our lives. The events are happening all around us, and creating a fog of (financial) war that keeps most people from seeing, let alone believing, that our way of life is changing.
Robert Kiyosaki believes that. Read this.
Personally, I believe that to avoid being labeled a “Chicken Little,” Kiyosaki presents the basic argument for fundamental shift in the world economy without saying “everything’s about to change,” but his arguments lead to that conclusion.
Also, bookmark and read this site every day.
And prepare for what comes next.
Posted in Economy