When was the last time you saw this on Google News?
Pictures like this haven’t been seen for more than 85 years now. One of the greatest gifts to mankind is the gift of “forget-
fullness“.

We forget. We forget that rotten thing that guy did to me in high school, we seem to even forget what we felt like before we were hungry. They say “Investors are like voters. No one remembers more than four years back”.

It may, however, also be our biggest handicap. It’s been an accepted fact for ages that “History repeats itself” and each time we seem to doubt it, regardless of the situation we suddenly are revived by a fine dose of reality. We again realize that life isn’t much different from the way it was 100 years ago or even a thousand years ago. “Boys will be boys”, always.

It’s accepted that the reason why Alan Greenspan was such a big fighter of inflation was because inflation is the second worst thing in the world, after a Depression. He remembers such days, while many of us could only relate to the stagnating 70s, or not even. If you were born after 1980 you don’t even know what an oil spike is. Some of us even shrug off the thought of a recession (a depression is just like a recession, right?).

When was the last time we had an 18 year Bull Market (which we still have no idea what the repercussions may be) or an oil spike (which was equal to $160 oil in real terms). When were we ever out of options for work because the unemployment rate was 25% or out of food because the Midwest couldn’t produce enough? When were we ever forced to move in with in-laws because we had foreclosed our home due to a default mortgage. Had to beg for daily funds because our “savings” in the stock market disappeared or because our currency became worthless?

I say we take heed from our parents and grandparents. I’m sure your grandparents would be asking “what is a negative savings rate?”. Ben Graham would have said that “irrational exuberance” was an understatement.

Let’s learn from the past instead of just speculating the future. Let us at least admit that thing can get worse and hope that we are “wrong and safe, than right and sorry”.

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One Response to “”

  1. glenda Says:

    Please view these two videos and check out the website that follows. Even if you do not agree with all of it, we all need to have a better grasp of what truly happened on 9/11/01 in the US, 3/11/04 in Spain, and 7/7/05 in the UK. We are looming closer and closer to being pulled into an even more disastrous war in the Middle East. Another terrorist attack in which the government is involved could easily be framed in such a way that rallies the people around a new war. However, the government could be deterred from faciliting a terrorist attack or could fail in their attempt to rally the people, if enough people at least suspect government involvement in recent terrorist acts. So please share this with others if you feel compelled, as I do.

    documentary on World Trade Center controlled demolition

    documentary on western government terror

    http://www.scholarsfor911truth.org

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