History is cyclic.

There is a day of wealth accumalation.

There is a day of wealth destruction.

Wealth does not precipatates over the long term.

Imaging those real estate investors who bought a lot of houses in Atlanta before civil war, most of them got burn down by General William Sherman's march into the sea.

A country can and will go through a chaotic time. In 1997, William Strause and Neil Howe wrote a book examing American history. In which they described the turning point of American history. And they correctly pointed and forecasted the 2008 financial crisis. We are at what they pointed as the forth turning point of American history. (Revolutionary War, Civil War, Great Depression - those happened to be in 80 year cycle).

It is about time to hatch down. But I have to honestly believe that eventually, the human wisdon will prevail. In the process, the little buys got hurt or disappear. And Elite class will gain more wealth.

Unfortunately, little guys are blind. As the deleveraging cycle just started, they are again leveraging up... well, well, well.

所有跟帖： 

• 不要危言聳聽，我們都是little guys compare to those 跨國財團，他們的 -qiaoshe- ♀ (53 bytes) () 01/08/2012 postreply 20:27:50

• One does not study the history will always be blind. -天下多蚤- ♀ (0 bytes) () 01/08/2012 postreply 20:38:12

• 套句老話：“讀書死，死讀書”。曆史會重複，但它是螺旋式的， -qiaoshe- ♀ (65 bytes) () 01/08/2012 postreply 20:47:09

• 偉大的祖國不是正在冉冉升起嗎？ -qiaoshe- ♀ (0 bytes) () 01/08/2012 postreply 21:23:51

• 一言難盡，以後有時間再擺龍門陣。 -qiaoshe- ♀ (0 bytes) () 01/08/2012 postreply 21:51:28

• History is cyclic- Ding! Same feeling after read Jim Rogers' boo -justasked- ♀ (0 bytes) () 01/09/2012 postreply 06:34:31

• Thanks! -justasked- ♀ (0 bytes) () 01/09/2012 postreply 15:04:50