Monthly Archives: February 2018

My dog ate my ‘shorts’ – the Big Short revisited.


Checking in here to warn of probable impending bursting of the ‘Everything Bubble’ which has been inflating relentlessly for about ten years – I believe now that makes a record length of time between recessions in the US. So, I have ‘shorted’ the market and you should too – or at least get out BEFORE the air starts hissing out. That means if you are lucky or clever or hardworking enough to have capital, seeking a wealth preservation haven – NOT primarily for gain but simply preservation of true value in the face of interest rate hikes, inflation and even hyperinflation. So, not many choices…. Precious metals, freehold land… and? Not much else I know of. Do I sound like chicken Little? Well, you might be experiencing the ‘normalcy bias’ – the tendency to be illogically incredulous of any prediction that the current ongoing status quo is about to end in spite of mounting hard evidence that it IS… (Watch the Big Short, about the guys who saw the 2008-9 collapse coming and bet against the market, when everyone and his dog was saying it was bound to keep going up – and made billions)

Not convinced by my cheeps? Good – I have just waved my arm at the sketch of the big picture. But I have read and watched a lot of very experienced and proven farsighted guys with a lot of statistics and relevant scary facts. Especially by Peter Schiff,  Jim Rickards and also others like David Stockman, Gerald Celente, and Mike Maloney who put out the (I think) excellent free series on Youtube, ‘Hidden Secrets of Money.’ For a start look at this link to a youtube recording of a speech by Peter Schiff: we’re getting to the end of it

So, don’t let the dogs eat YOUR shorts! (Poppy growled a lot when I tried to take her ‘gift’ from her but at least she’s MY dog, not a banker, socialist government currency debaser or Wall Street junk bond salesman.)


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Filed under financial crisis, musings by the wizard, the Everything Bubble and the normalcy bias