Re: Extraordinary Times, Intentional Collapse, and Takedown of the U.S.A
- From: Bob Brock <bbrock@xxxxxxxxxxxxxx>
- Date: Wed, 07 May 2008 14:33:23 -0400
On Wed, 07 May 2008 11:10:42 -0700, Tim May
<timcmay@xxxxxxxxxxxxxxxxxx> wrote:
In article <jmq324hpbrpk9vn8p0m4ulau59q1vlvd5e@xxxxxxx>,
<hal@xxxxxxxxxx> wrote:
On Wed, 07 May 2008 10:13:35 -0700, Tim May
<timcmay@xxxxxxxxxxxxxxxxxx> wrote:
Yeah, that $744,00 of purchasing power TODAY is worth "probably less"
than the $15K in purchasing power in 1997.
and it will be worth nothing right after the stock market crash.
And don't think it can't happen. It did already. It will again.
Which crash are you referring to?
And how much do you claim the markets retreated in?
HINT: In no U.S. market crash were typical stocks "worth nothing."
In particular, do you claim Apple will be "worth nothing"?
You ought to go take a look at the crowds in typical Apple Stores,
buying iPods and Macs and printers and cameras and so on.
There's a place for judicious paranoia and concern, but avoiding
money-making opportunities for fear that some "collapse" is inevitable
is just plain stupid.
To put things in perspective, I believe my first post here in
misc.survivalism was in 1997, the very same year I bought that $15K in
Apple stock. (Google Groups is very flaky on the archives, sometimes
showing posts from years that far back, sometimes not.)
So in 1997 I was thinking about "hardening" my homestead in various
ways, for unlikely-but-possible bad situations. And I was also active
in the crypto work I was doing at that time. And I was managing my
investments--this included going to Apple's shareholder's meeting in
1997 and seeing Gil Amelio describe the implications of Apple's
purchase of NeXT Computer. I felt Apple's prospects were better than
the majority opinion ("Windows Rulz, Apple Sux!") and so I bought 1000
shares at around $15 a share.
Where would this money be if I'd followed the advice of the "everything
will collapse" crowd?
Many of the sites published by the "everything will collapse" crowd
included quotes from you at the time.
.
- References:
- Re: Extraordinary Times, Intentional Collapse, and Takedown of the U.S.A
- From: Tim May
- Re: Extraordinary Times, Intentional Collapse, and Takedown of the U.S.A
- From: Tim May
- Re: Extraordinary Times, Intentional Collapse, and Takedown of the U.S.A
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- Re: Extraordinary Times, Intentional Collapse, and Takedown of the U.S.A
- From: Dersu Uzala
- Re: Extraordinary Times, Intentional Collapse, and Takedown of the U.S.A
- From: Tim May
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- From: Tim May
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