Drudge Retort: The Other Side of the News
Saturday, December 02, 2017

I hate to break it to you, but chances are you're just not prepared for what's coming. Not even close. Don't take it personally. I'm simply playing the odds. After spending more than a decade warning people all over the world about the futility of pursuing infinite exponential economic growth on a finite planet, I can tell you this: very few are even aware of the nature of our predicament. An even smaller subset is either physically or financially ready for the sort of future barreling down on us. Even fewer are mentally prepared for it.

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And make no mistake: it's the mental and emotional preparation that matters the most. If you can't cope with adversity and uncertainty, you're going to be toast in the coming years.

Those of us intending to persevere need to start by looking unflinchingly at the data, and then allowing time to let it sink in. Change is coming – which isn't a problem in and of itself. But it's pace is likely to be. Rapid change is difficult for humans to process.

Those frightened by today's over-inflated asset prices fear how quickly the current bubbles throughout our financial markets will deflate/implode. Who knows when they'll pop? What will the eventual trigger(s) be? All we know for sure is that every bubble in history inevitably found its pin.

These bubbles – blown by central bankers serially addicted to creating them (and then riding to the rescue to fix them) – are the largest in all of history. That means they're going to be the most destructive in history when they finally let go.

Millions of households will lose trillions of dollars in net worth. Jobs will evaporate, causing the tens of millions of families living paycheck to paycheck serious harm.

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Yeah, whatever, Ray.

#1 | Posted by Angrydad at 2017-12-02 11:05 PM | Reply

Amen, brother.

#2 | Posted by ichiro at 2017-12-03 03:56 AM | Reply

infinite exponential economic growth on a finite planet.

POSTED BY HELIUMRAT

In capitalism, enough is never enough. I have sat in conference in some of the largest companies in the world, where the discussion will go like this; 'We are #1 this year in growth and profit, and we average #2 overall for the past 10 years, but this year we want to increase all that...'

#3 | Posted by kudzu at 2017-12-03 07:19 AM | Reply | Newsworthy 1

No one is ever prepared for what's coming.

#4 | Posted by Zed at 2017-12-03 09:58 AM | Reply

"....I have sat in conference in some of the largest companies in the world..."

Interesting bold claim.

#5 | Posted by MSgt at 2017-12-03 01:41 PM | Reply

Zed,

"No one is ever prepared for what's coming."

I work in accounting and I've seen there is one thing we simply can't do anything about.

Cash. Either you have it or you don't.

You can downplay economic risks and build up hope and generally hide the reality of just how bad things are.

But if you don't have the cash in the bank to pay your bills, that's when the rubber meets the road.

You know...in many ways debt is like poison.

In the real world we use poison for good things. We can use it to kill off things we don't want and promote the things we do.

In the economy we use debt to reduce the effects of poverty and spur economic growth.

But in excess both poison and debt kill everything.

#6 | Posted by BillJohnson at 2017-12-03 04:15 PM | Reply | Funny: 1

In capitalism, enough is never enough.

Is that really a trait inherent to capitalism, though, or the greedy nonsense that we all capitalism?

Because I have no issue with profit motive, markets ect but that's not really what we have in the US.

It's not simply enough for a company to be profitable, but they must be ever more profitable. A steady, constant stream of profits and money isn't enough, it has to be larger and larger piles of profit and money.

Or else the stock values drop and investors go elsewhere.

#7 | Posted by jpw at 2017-12-03 04:15 PM | Reply

Kud,

"In capitalism, enough is never enough."

Is the problem "capitalism" or the associated "greed" that goes with it?

Capitalism has been a tremendous system that has provided opportunities to improve our standard of living.

However, people living today are seeing a type of greed that is different from the past.

It's no longer seen as a negative trait of mankind and a civilized society.

Today, it's seen as a positive virtue, encouraged and rewarded.

#8 | Posted by BillJohnson at 2017-12-03 04:33 PM | Reply

Here go, slicey bois:

www.instructables.com

#9 | Posted by MrSilenceDogood at 2017-12-03 04:56 PM | Reply

"Is the problem "capitalism" or the associated "greed" that goes with it?"

Interestingly enough, it's a similar argument used by the Right against socialism and communism.

#10 | Posted by rstybeach11 at 2017-12-03 05:30 PM | Reply | Newsworthy 2

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Rsty,

"it's a similar argument used by the Right against socialism and communism."

I won't comment on "socialism and communism" because I believe people misuse those words in their purest form.

But I will say it is good that a society has a system in place to assist in the problem of wide spread poverty and government intervention to protect people from those who are powerful and greedy.

However, from experience we are now seeing "welfarism" is creating a class of people who generation upon generation lack the concept of personal responsibility.

Just like the greedy rich, the lazy poor have a sense of entitlement that I believe is morally reprehensible.

#11 | Posted by BillJohnson at 2017-12-03 07:44 PM | Reply

Last Spring I took a break from the internet for a few months and it had a good effect on my life.

Time to do it again.

Adios.

#12 | Posted by BillJohnson at 2017-12-04 06:26 AM | Reply

Thank you BILL. We hate long goodbys. Come back when you can't stay so long.

#13 | Posted by Twinpac at 2017-12-04 07:16 AM | Reply

Time for a new handle?

#14 | Posted by REDIAL at 2017-12-04 07:18 AM | Reply

REDIAL

"Time for a new handle?"

I don't know. For anybody who thinks the internet is ruining his life needs a new hobby. Perhaps basket weaving is more his speed.

#15 | Posted by Twinpac at 2017-12-04 02:22 PM | Reply

No one is ever prepared for what's coming.

#4 | Posted by Zed

Not too long ago I would have said the Boy Scouts are. That is their motto after all.

But, then Trump showed up at one of their Jamborees.

Now it seems you are right...no one is prepared for that level of insanity.

#16 | Posted by donnerboy at 2017-12-04 02:32 PM | Reply | Newsworthy 1

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