PeakOil is You
How will you recognize the social/economic tipping point?
Re: How will you recognize the social/economic tipping point?
by patience » Thu 12 Feb 2009, 07:58:19
I believe in what shortonoil has said about the economy, and have bet a lot on it. Result has been several great moves in the past year+, moving out of stocks and into MM, then cashing out MM and 40!K, then moving mixed mutual fund into all Treasuries, and finally, cashing out the T's. Hit them all at a good point, at or near the peak points. Now gone to cash, preps, and junk silver, and lovin' it! Thanks short!!
Local fix-it guy..
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patience - Resting in Peace
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Re: How will you recognize the social/economic tipping point?
by shortonoil » Thu 12 Feb 2009, 14:48:35
Newfie said:
$this->bbcode_second_pass_quote('', 'S')hort,
Thanks for your effort, time and patience.
$this->bbcode_second_pass_quote('', 'S')hort,
Thanks for your effort, time and patience.
patience said:
$this->bbcode_second_pass_quote('', 'I') believe in what shortonoil has said about the economy, and have bet a lot on it. Result has been several great moves in the past year+, moving out of stocks and into MM, then cashing out MM and 40!K, then moving mixed mutual fund into all Treasuries, and finally, cashing out the T's. Hit them all at a good point, at or near the peak points. Now gone to cash, preps, and junk silver, and lovin' it! Thanks short!!
You are all very welcome. The words fail me in conveying how much I appreciate your comments. It may seem ironic, but my life long failing has been in being too optimist; especially towards what I would expect other people to do that would in the long run be in their own self interest. Although an engineer and mathematician by education, my first love has always been that of General Systems Thinking.
Three principles that I have learned over the years about systems in general are:
1) No matter how complex a system appears to be at first glance, there is some perspective that can be taken that simplifies it.
2) It means nothing that a problem is so difficult that no one has ever solved it. It only means that your chances of solving are as good as anyone else.
3) Always start with the assumption that everything you know is probably wrong.
It looks like we will be living with a much different system in the near future. Applying these principles to it should help with the transition.
Thanks again,
B.W. Hill
Bertrand Russell: “The fact that an opinion has been widely held is no evidence whatever that it is not utterly absurd.”
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shortonoil - False ETP Prophet
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