Monday, December 17, 2007

Written in 2003, this guy saw this mess coming

Apocalypse This Way Comes

"The poisonous ideas that resulted from the philosophical train wreck of the 1900-1920 era have been seeping into our culture ever since to create a whole series of destructive historical waves. The first of these destructive waves was the Great Depression and its resultant Keynesian-New Deal revolution. Following thereafter were others such as the "new-left hippie revolution" in the sixties, the "compulsive consumerism" of the eighties, and the hallucinatory "new economy/market bubble" of the nineties that Greenspan, Clinton, and Rubin bestowed upon us. But because the ideological train wreck was so momentous 90 years ago, we are now entering a TIDAL era of history in which the waves will become epochal and apocalyptic."

Add to this the 2006-7 housing bubble

Posted by sold 2 rent 1 @ 04:12 PM (1236 views)
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11 thoughts on “Written in 2003, this guy saw this mess coming

  • sold 2 rent 1 says:

    “What follows are thumbnail sketches of these new apocalyptic horsemen that threaten our society today. They are grimly portentous realities that our establishment pundits are either misinterpreting, or ignoring, or simply cannot grasp in their severity. But these four hideous horsemen are wreaking havoc in our society. And they will not go away; so we must confront them. How we choose to cope with them in the upcoming years will determine what manner of society we will construct in the aftermath of the worldwide breakdown toward which they are propelling us. The Four New Horsemen of the Apocalypse are:

    1) Keynesian monetary policy,
    2) Demopublican political control,
    3) the Pax Americana mindset, and
    4) the Kondratieff Cycle.

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  • This is a bit ideological… i’m no expert but this strikes me as a bit or free-market propaganda. The House price crash was caused by liberal politics, not by neo-liberal politics.

    o….k…

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  • hmmm

    maybe i should get some BTL properties now… after all they will go up in price…………

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  • hmmmmm…….. strange posting full of historical and political innacuracies from a paranoid Texan (there’s a few of them around, especially in the White House)

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  • sold 2 rent 1 says:

    “Never in history has a nation confronted a coalescence of tidal forces such as these. One must go back to the 4th and 5th century and the 200-year fall of Rome to find parallels. Since the speed of information transfer in today’s world is greatly accelerated over that of Rome’s day, we will not take 200 years to descend into the maelstrom and perhaps a new Dark Ages. My guess is that we will do it in about a third of the time it took Rome to collapse. Since it can legitimately be said we’ve been declining as a society for the past 50 years since Eisenhower’s ushering in of Demopublicanism in 1952, we have precious little time left in my opinion.”

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  • There has been another development foll 9/11, something the author might have overlooked whilst finishing this article or book. There has been huge creation of wealth in totalitarian states like China, Saudi, Russia this has led to the people in these states living in a fantasy land with continous expectation of growth. The growth is heavily dependent on american demand and dollars both of which are being rapidly reduced/lowered.

    How will this affect these states as the demand for these non-essential commodities drop off i.e. Mobile phones, I-pods, Flat screens, trainers, more trendy clothes etc ? when the 20yr old yuppie working as a mortgage broker or estate agent is made redundant and scores of his mates in the financial services also see a similar fate. I strongly believe this is another ploy of Pax Americana. personally i would like to see threat these 3 nations pose to the world being reduced.

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  • “This guy saw the mess coming” –
    I don’t agree with that. Alan Greenspan called the top of the dot-com bubble in 1996 with his famous “irrational exuberance” speech, yet the bubble continued to inflate for a further four years until it popped in 2006. Anybody who sold shares in 1996 would have spent four years kicking themselves. Similarly, anyone who sold their house in 2003 would be feeling rather foolish for most of the last four years.
    It’s easy to call a crash – the hard part is timing.

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  • sold 2 rent 1 says:

    Sure he got the timing wrong, as did The Economist, but what happened is the debt bubble got inflated even more.
    This just means when the fallout happens it will be much worse.

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  • Quite right, s2r1. It is very hard to get the timing right, which is why it’s all the more important to respect those who do get it right. Lombard Street Research are one of the few to consistently get it right – we should probably pay more attention to them!

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  • Those who get the timing right have access to information mere mortals don’t.It is like a fairground on Jeckyll island, and all these bubbles are being inflated at once and on purpose.It’s just stopped from bursting until all the others are at bursting point,food shortages,oil,inflation,non existent health care,ignorance,hedonism,consumerism, an amazing lack of real knowledge in society,no weapons left to defend ourselves,debt being repaid by prison sentences or worse,no farming infrastructure,no useful manufacture,over population,worsening education standards etc etc etc
    Do you think this is anything other than planned?

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  • statistically someone is bound to be closest to the correct timing of the crash – but it does not mean that they achieved it through intellect. It could just be coincidence.

    Drewster – I did sell my house in early 2003, and I’m hoping that it was just bad timing. I’ve been kicking myself for 4 years, and I’m hoping that my patience is about to be rewarded.

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