Here's Obama the other night at The State of the Union:
"We learned that mortgages had been sold to people who couldn’t afford or understand them".
Obama understands that the herd are stupid mindless TV/sports watchin consumers, which is why he thinks the government must protect people.
In 2005, it didn't matter that houses were 100%-150% cheaper only 5 years ago in 2000. To the
American Idol watchin herd it was perfectly logical that a house should at least double every 5 years in value. A house that sold for $100,000 in 2000 should be above $200,000 in 2005 and today that same house is of course $500,000!
Back in 2005, two 'men' I knew invested in real estate while they spent their time watching sports, drinking beer, and were generally a couple of know it alls. But, they never read Nietzsche, Blake, or Dostoyevski, or any other of that boring stuff, but one of them did read some spy novel and was famillar with the Godzilla remake. Did I hear one of them say Ken Folletts
Pillars of the Earth was literature? I wondered to myself if being unfamiliar with great literature made one a great investor. It ended tragically, both spent 2008 in bankruptcy emersed in booze and pornography, one finally commiting suicide, the other is still emersed in booze and pornography with a new baby which he expects his mommy and daddy to watch.(see below)
I once read a comment on Amazon about the play
Death of a Salesman by Arthur Miller : "We're all part of a system that pushes the lie that materialism measures the worth of people". People loved the banks with it's easy cash in the years 2003-2005.
People that don't invest can be just as greedy as people that do--They can't part with their precious money--what if it goes down? --boo-boo. Jesus explains: "He who had received the five talents went at once and traded with them;
and he made five talents more. So also, he who had the two talents made
two talents more. But he who had received the one talent went and dug in
the ground and hid his master's money."
Jesus said to the first two investors: 'Well done, good and faithful servants; you have been faithful over a
little, I will set you over much; enter into the joy of your master.'"
Jesus said to the third-a true mamas boy: You wicked and slothful servant. You knew that I reap where I didn't
sow, and gather where I didn't scatter. You ought therefore to have
deposited my money with the bankers...cast this worthless servant into the outer darkness....
Of course, the third guy probably tithed. which reminds me:
Giving 10% of your income to some crummy place(church) is for suckers.
If that same family of fools saved that money for 20 years --well, add
it up--and just think if you put that money in JNJ Div/Yield stock 20 years
ago--$$$$$!
Create Your Own Inheritence:
One man's Journey from Christianity to Nietzsche
" love of security be the obstacle over which the majority of people trip"-
William Gayley Simpson: Toward the Rising Sun.
Part of this 'love of security" is that so many adults are still codependent on their parents. The parents are always the solutions to their problems. This is why many children have children out of wedlock. It is a way for them to remain tetherd to their Mommy and Daddy. It's up to their parents to now 'help them'. Where most real men and women want to get away from Mommy and Daddy and make a claim on their own, these weaklings play the needy game--It's now up to the grandparents to help raise their grandchild. Even some married couples have used their parents as a free child care service.
But the chick must somehow break the shell if ever it is to step out into a larger life. Break free from the self-doubting and nervous adult child! But, why should they? The worms think: My parents will leave me an inheritence! The worms are very religious. They never learn to run – hardly even to walk. They remain crippled for life.
The higher life is about growing up. It's about raising your own children and making your own way.Away! Get away from where life is so safe and stuffy and shutin,--
I'm afraid Obama is right -people don't 'understand' what they are doing. So, the people that don't 'understand' what they are doing need Obama, their mama and daddy and their medication.
"For this is how things are: the diminution and leveling of Europeon man constitutes OUR greatest danger, for the sight of him makes us weary."-Friedrich Nietzsche, The Geneology of Morals(1887), first essay-section 12. )
The psychological damage caused by an adult child depending on their parents inheritence for retirement is death to the soul.
We live in an age where love of security and fear of suffering as made us anxiety ridden mama's boys and girls. America is in it's demise because of this. Parents should say to their adult-child: "Raise your own g-d-mn child. My house ain't no day care center!"
And to those children--Quoting William Gayley Simpson:
"I value gentleness and harmony in human relationships, but I value trueness more. I know that there can be no real harmony based on lies. All my experience, and it is a long and most searching one, has convinced me that trueness is the truest love – in the long run. Do not fear suffering – not even causing it to others. Do not let your deepest life languish in a flower-pot. Do not succumb to the close hug of your father and mother’s hold upon you. Break it – as gently as you can, but break it. If necessary, break even them – as perhaps Jesus broke his mother Mary. First things first!”
On Investing:“Human behavior is fully as important as, if not more important than, statistical behavior.”--Art of Contrary Thinking by Humphrey Bancroft Neill-“The ‘crowd’ is most enthusiastic and optimistic when it should
be cautious and prudent; and is most fearful when it should be bold. The
‘crowd’ has always been found to be wrong when it counted most to be
right.”--1954 book linked
"Life is constantly providing us with new funds, new
resources, even when we are reduced to immobility. In life's ledger
there is no such thing as frozen assets.....
...Life, as it is called, is for most of us one long postponement"-Henry Miller
