I think more and more members of this forum are choosing to “stay on the sidelines” and spend less their time posting. I’m leaning that direction. There are multiple reasons why so many of us have chosen to spend less time here.
This very thread brings one of those reasons to mind: pointless debates on future economic events, despite the fact that the gross, overall result is so inevitable that it should be considered a foregone conclusion (so is not worth debating).
Jim Rogers and George Soros (and countless others, equally well-respected) consider it a foregone conclusion that America’s national debt now far exceeds any future ability to repay that debt, particularly when one factors in how impossible are the political sacrifices required. So in this case, the only topics possibly worth debating are the timing and nature of our default on that debt (where of course, devaluing our currency is considered one potential form of “default”)
The initial post merely managed to state the obvious: “…problem is there’s too much debt out there right now.”
Then instead of kicking off a worthwhile debate about the nature of the inevitable, the initial post fails to even get correct the gross (general) inevitable outcome, making this absurd statement:
“This is high but manageable.”
You want to know what I really think to myself when I read through this thread?
I thought gleefully, “Oh dear God: PLEASE continue to let my market trades enter stock markets filled with people like this discussing inanely obvious crap amongst themselves! (So I can continue to out-trade them and take their money)”
Similarly, do you think several weeks ago it was worth my time reading inane opinions in threads on here about how I shouldn’t be “foolish” and buy oil at $35/bbl?
I just turned away from the pointless banter, and went and bought my oil at that price. Now this week we find oil is over $40/bbl and I’ve made loads of money again.
And there are people on here who want to debate if $35/bbl is a good price for oil, OR if America can “manage” its debt load.
Good God. Spare me. Better yet: I’ll continue to turn away and spare myself.
