Soul searching is good. How could it have happened? What went wrong? Who’s responsible? Why didn’t we do anything about it, especially governments? Sounds, famiiiar!? Seems very much like a repeat of the Tech Bubble. Retirement funds gone out the window in a flash. People struggling to come to terms with diminished financial retirement security on a global basis. Then next thing you know, people on jumping on the next bandwagon that will save the day. Real Estate and free money. Who’s to blame…. ??? How can you stop systems in the face of making money head over heels with no checks and balances in place. Heads in the sand with more being thrown to build mountains and bury secrets and wanton greed.
So, my challenge in the last Tech Bubble crash was to try and determine exactly what this Bubble and Crash would look like. Guess I got it right, but hell even if I had screamed at the top of my lungs, no one would have listened. After all the “experts” had confidence that it would be madness to find ourselves with the situation we are now faced with globally.
Looking ahead my prediction for the next big Crisis is……. stay tuned, once I take a bit more time to give you a precise date. It’s a good thing to know, however without dates, it’s like shooting in the dark. Unless you have nightvision glasses, getting it half right ain’t worth squat.
Let’s see if we’re capable of learning and not be stupid a third time around. The next big thing really is a defining moment and pivotal.
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