With the new Corona virus bursting on the scene, global distribution lines come to a grinding halt and major stock markets starting to tank talk of crisis is everywhere. You can argue if the connection stockmarket/corona virus is really there. Probably not. There are many more reasons why a Big Correction is around the corner. The economy is in an experimental stage, driven by enormous bubbles. Instinctively we all know the money is not there. All we do is keep it in the books and say all is credible. We know it is not. Do we care? When we get away with inflating bubbles without end - why shouldn' t we all just be happy and keep things going? We don' t care, we cheat and think it is fine we all do! Economic laws do not exist. Markets do not follow economic laws. Governments and supra national organizations do not follow economic laws. All there is, is manipulation. By brokers, by governments, by big corporations - by their mutual sphere of interest.
A lot of doom & gloom ltd. is about FOMO. I watch a lot of their video productions. The arguments mostly are derived from arguments that do not apply. Like: "The Markets Decide". No they don't! "The Euro will fall". Why? If economic laws would actually apply it would have fallen already a long time. The dollar is doomed. How so? If the excessive budget deficit would be really matter, the dollar would not be worth even half of what it is today. We know the system, is sick. Terminally sick. We know what we swallow as reality every day is not real. Does that matter? Yes: we know we cannot trust the system and it is suicidal to make choices and decisions based on what narratives are prevailing. That conclusion is individual. We do not rise and demand to change the system. Many people do and I respect that - but I simply have no inclination to hit the street and march against a government. They have the guns. The maximum what can happen is I am allowed a place in politics or bureaucracy and have to compromise and participate. Not interested!
I see the system day by day, not expecting it to collapse overnight. I move in it day by day. I cancel dependencies. I do not go into any contract unless I do not have a choice. I do not buy most consumer products people normally buy. I repair things that work. I do not finance any consumer buy. No telephone, no equipment whatsoever. I do not have stocks an bonds. I do not have a credit card. I do not pay 6$ for a cup of coffee, unless it get' s me a deal I want. Same with hotels: I feel good in a guesthouse, but at times I would need to show status. It' s a very personal life style resulting from being in two opposite worlds: the moderately to comfortably rich and the very poor to very modest. I know 5 star hotels as well as I know parking places where truckers sleep in their cars. Both situations have their charm.
Also I am a pacifist. I always have a hard time explaining this. The most famous pacifists in history was Mahatma Ghandi. He understood pacifism a strategy and actually realized exactly what he wanted and most likely would not have achieved by a confrontational violent strategy. Another famous pacifist is Betrand Russel. Once he got the question: "What would you do if a German raped your wife". Russel answered something like that he would fight him, but would not go to Germany to kill his uncle. A little bit comparable to pacifism is what I call boycotism. I don' t buy. I refuse to buy products from certain companies. I will not start fighting these companies - I will just make sure that I do not have anything to do with them.
Behind all this is a firm believe that nothing in life is determined by any social law or economic law. I firmly believe all that happens is by human intent, that contingency plays a huge role in events and that things like logic and causality most come after events and are not causing them in any significant measure. Who has more power can impose more intent on this world. Skid row is not a place to be almighty.
The most valuable poet of the twentieth century, Bob Dylan, put it on the album cover of " Bringing it all back home".
I accept chaos, I hope it accepts me.
Many singers and artists of his generation went into rebellion, but none were able to change "the system" (The Chaos). At best they changed hearts and minds. They only did when it touched the soul - or if you prefer: the individual identity of a person.
Doom & Gloom Ltd. does not affect me a lot. I am not in the market anyway and don' t need a lot of things to live. If my consumption would be anywhere near what all people do, most of the economy would be gone within days.
Why than investing? To hand out something to people I care about is one thing. The other is to buy tickets and time. To live. Crypto happens to be the most rewarding opportunity in the market at the moment. Let' s see if we can get it going, if it will still work for us after greed went all over it.
Doom and gloom Ltd. can have it's day as far as I am concerned. I try to keep being unconcerned & live a life...
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