Bobwins - Schiff
I remember the first time I stopped to think about what's going on was during the natural gas price spike a few years ago. Someone on the VMC main board posted a gloom and doom energy paper that was like 50 pages or so on "Peak Oil". I must admit up until that time I was in la la land with everyone else who had been guzzeling $1.25 gas in a vehicle that got 12 mpg. "Peak Oil" what's that all about?
The real estate bubble came to view after I bought a new house in 1999 and IN 2005 the re-fi letters were coming several a day saying I could take $200-250,000 out and lower my rate to 3% and actually make a lower payment. B.S.!!!!
I went out and bought a diesel Jeep that gets 26mpg, a stove for the basement that burns wood pellets or corn. Got those new light bulbs and a programmable thermostat. I have cut my fossil fuel use 40%.
I spent a little while depressed about what is going on with the banks, declining dollar, energy prices, what my kids are going to face. I have recently come out of my funk and taken the actions available to me. I figure the airplanes will fly with or without me so I might as well get on them and take the family with. We may not be able to afford air travel for the masses some day, who knows?
Schiff hits you up side the head with a brick, makes you think about things the mainstream won't even touch. Gloom and Doom kills T.V. ratings!
At the end of the day I am more comfortable holding my savings in something the world needs to survive and perhaps even thrive. Food, housing, clothing, transportation and energy are really what matters to most of the world. Owning the companies that find, invest, produce, and deliver it are where I want to be.
Like Schiff, I have been laughed at for telling people what was going to happen to home prices, gas, and the banks. It's really an unpopular thing to tell people the truth about the U.S Dollar and what it will buy today compared to a few years ago. Most people just DON"T WANT TO HEAR IT!
Sorry for the rant, off to go buy some winter cloths before the price goes up!
Kipp
