I was quite appalled that some people have absolute faith in governments and the banking system. Is this the results of years of "education'?
The results of education system is that we become more knowledgeable but less wise. We see more things with our eyes, but not our mind. We take everything at face value. We take everything that we read as gospel truth. Or should I say it has already become a religion. Something that we believe without questioning, without doubt.
There's a cycle in everything. Life cycle, wealth cycle, sector cycle, season cycle, financial cycle. If u r at the wrong place at the wrong time, u're in for trouble. The same is true for our financial cycle. It's changing and a lot of people are still unaware of it. When it comes, a lot of people will be in trouble.
I dunno when it'll come. But I know it will. Perhaps 21 Dec 2012?? Nobody knows. Dun predict. When it happens, we'll know. But I'm afraid it'll be too late for many people. That's y I use facebook to try to warn people of it. Hope that they get the hint. Anyway, even if it does not happen, we'll be better off than if we did not prepare for it. So no one loses.
Sometimes I feel that we r indeed digging our own grave. Long ago, people earn, people save and the rest they spend. But as time goes by, they became more affluent. Generations after generations, our life gets better and better and we acquire a new habit- To spend and then save the remaining. On top of that, money still comes at the end of the month. People feel "It's like that since my grandpa's time. It's like that since my dad's time. So it'll be like that for my time." Sad to say, those with that kind of thinking, will be the victims of the next storm.
Banks, empowered by mass media, plays a huge part to the downfall. Banks encourage people to spend. You dun have to be able to afford the house. U just have to be able to afford the installment. That's how bank creates money. Many people thinks that bank earn by the high interest they charge for every loan they give. But that is wrong. The interest is, in actual fact, insignificant. The main thing they earn is by fractional banking reserve (You can find a lot of videos about fractional banking system in youtube). Bank needs people to spend so as they can survive and earn. The more u spend, the more they earn. So with the cooperation of mass media, people spend and spend. And the victor of this whole game is the bankers.
I have a very bad feeling that the storm is coming. First will be Greece to default, followed by Spain and Italy and perhaps France. The grand finale may be the collapse of US, and the world will go into the greatest depression ever seen, much greater than 1929 depression. Never in the human history is there so many countries defaulting.
Am prepared and awaiting for the storm to arrive. But I'm worried for others out there. I've been using facebook to "hint" to them to get prepared. Many companies may be wiped out if it is to come. Every time there is a crisis, there will be wealth transfer going on. From those unprepared to the prepared.
For those reading this blog, although I dun think there'll be a lot, please do something. Doing anything beats doing nothing. At the very very very very least, save ur money.
