the coming collapse, page-4

Champ read Minsky on the point of collapse, these kinds of collpases never happen slowly over a a decade, the lead up is slow, as the bankers bail , as they QE1-2 maybe 3 it seems like the boat will slowly fall below the surface, then as to some point "the Minsky Moment" the death of the system comes all at once , it becomes to overwhelming for the old system , it becomes to big for the bankers to stop.

People will kid themselves about gold stocks till it becomes impossible, 90-95% of gold stocks are worthless delusion. You may be right about say 5% low cost producers in stable countries.

Australians are as delusional about their house prices as Americans were, its all about demand, housing stock, etc etc

Its not about doom or gloom or any other psychological state , it one depends on the economy for their happiness they need to dig a little deeper, many of the finest values of humanity emerge in the hardest times, humanity is at its finest when its tested, we think much harder about what we really care about, what we cherish and who we love.

Most human history is about struggle, most of our beliefs, our courage, our soul has emerged from the hard times, not the good times.