The northlondonhippy

Archive for October 11th, 2008

Some­body needs to say it, or at least put it prop­erly into words. We’re in the mid­dle of global stock mar­ket crash.

That wasn’t so hard, was it?

The bot­tom is falling out of the ass­hole of the world’s finan­cial sys­tem. So what? Why is any­one surprised?

You wouldn’t build your home atop bricks made of noth­ing but air and imag­i­na­tion, but that’s what they built our economies on top of; it has a foun­da­tion of nothing.

Credit is not tan­gi­ble, it is con­cept. You can’t hold a con­cept in your hands.

Investors in the stock mar­ket are sell­ing and sell­ing fast and wide, which is why all the prices are tank­ing. They’re mov­ing all that cap­i­tal into things like guar­an­teed gov­ern­ment bonds and gold. Yes, gold, you know the shiny yel­low stuff.

If I told you all of this is mean­ing­less, would you believe me? You should, because it is.

All the real, tan­gi­ble assets remain, like cash, gold, homes, etc. They are all prob­a­bly worth less now, but they are far from worth­less. Your stock port­fo­lio, how­ever, is prob­a­bly worth­less today, but only if you sell.

Here’s a bit hint: don’t sell today. Hang onto your worth­less paper, because stock val­ues will even­tu­ally return. They always do, though the cur­rency val­ues of the stock may be reduced. So what?

Its all bull­shit. It won’t last. The cap­i­tal­ist pigs of this world won’t let it. Just close your eyes, grit your teeth and hang on tight. This wild ride ain’t nowhere near over yet!