Well I just had a wonderful, but a bit tiring, day yesterday on Vancouver Island, Victoria, Buchart Gardens et all, but I have a moment to spare this morning so let me spread my "propaganda" a bit and get back "on point".
Some have been asking, via IM, email etc., more specifics and even more to the point, "what to do?" (strategies). I wiil touch a bit of "what to do" at the end, but ...
Rule number one is "never take financial advice from a co-worker or friend".
That is so true. Except from me. I always forewarn, however, "listen at your own risk"... if you are a friend, I wish you success. If you are not, I still wish your "sociey" a success since we are "all connected" and your societal failures on the economic front can weigh on my success. Of course there are some who are too stupid to be alive, in some cases it is better for everyone that you die.
Prosperity to all, I say. But I never say "Peace and Prosperity". The "prophets" and politicos who bellow this are always the ones who take everyone down the path to famine, despotic rule and elite (though crippled) self-interest, mass murder and death camps.
~ This isn't a joke ~
Laugh all you want for those who live in the world of TV dance shows, celebrity divorces and global warming psychosis. China's crash has decimated 30% of it's stock market value - ALL IN LESS THAN A MONTH. The regime's ineffective, but predictably control freak, measures to top down command the Chinese economy now makes them look even more incompetent than they are. The communist response makes them look in the eyes of the average Chinese as worsening the situation.
And they are making it worse, the peasants are right. And as the "middle class" in China lose the economic gains they have made there is going to be big, big trouble in Dong City, even if the regime has Tiananmen tanks. They will turn to even a more aggressive stand militarily to "distract by way of patriotism" and, as crazy as this sounds, blame their problems on a secret plot by the Japanese fish industry, Philippino fabric and textile industry and Jewish bankers to destroy China.
Actually, they won't blame the USA. Well, a tiny bit. But mostly, no. Because they told their people "Nixon is an example of Mao. With Leadership by Great Men who carry the water bucket, a thousand flowers will bloom".
Don't ask me what that means, but in Chicom talk it means Nixon is good, and they were telling the Chinese "buy! buy! buy!". So they did buy: stocks.
Now the same government is saying "DON'T SELL!". Or else. You can ONLY buy. But not sell.
As China's economy sinks more, which will come in a series of jolts downward interspaced with tempid upswings, the jolts will shake out to have huge negative consequences for global stock markets.
The Chinese communists are looking at Nixonian America for the answer. They truly do love Dick "commie killer" Nixon (R) and especially his wife, Pat. Don't believe this crap about loving Clinton, doesn't matter that "big red nose man" (Bill) gave them weapons technology in return for campaign "donations", and the good reds all are revolted (ha ha, revolted) by "fat feet" (Hillary).
No, they love Nixon Republicans, and they always will, even to the end when the peasants turn the regime's own tanks on them.
As things get more sucky, the sales of Confedrate Flags, now suddenly a hot item in China including Dixie tatoos, will spike even more. There are also "warring states" that may likely arise, a couple of them led by Chinese Christian sects - "heaven society" militias - that may take over some key cities.
Actually, those times will be interesting to say the least, and I am thinking about exercising more so as to live to see it. This is going to be totally epic in proportion, almost Lord of the Rings, as we see warring states arise in China and every exotic Charlemagne and charlatan imaginable put on robes, a great place to make a documentary or go on one of those spooky vacations to the "far shore"!
So they invoked Nixon from the grave and confused QE with Nixonism somehow, and thus we see the forced, central top down, cuts in interest rates over the last few days. The Chicom version of QE, what they think is "Nixon with a water bucket". Shades of "The Fed".
Doesn't look like it is working, and while the Stars and Bars might be coming down in S.C., it looks like a Confederate Flag may be waving over the capital of some remote Chinese provence in the future, all hail the "Heavenly Lee Wong, Prophet of Isha, named after Honorable Christong and General, Rob Are Eee Lee".
The first thing you're gonna' hear tomorrow is "China Rebounds!".... what a joke.
China is just one canary that is low on oxygen, there are many more, but it doesn't look good and there is only so much bad news one can take over a bowl uf Cherrios. The basic fundamebtal is massive debt, there is enough socialism to go around to destroy the global economy. And then, there are the Islamic extremist 12 Century savages and that might just be the straw that broke the camel's back.
~ So you are on vacation in Canada. Will Canada collapse before you start driving back to water starved California? ~
In theory, the looming mortgage crises in Canada could come suddenly, but not that fast in all likelihood to collapse before my "long march home". But, like me and a friend were talking just a few days ago regarding the situation, it is coming, and then lo and behold it is in the newspaper. Well what do you know. Right again.
So CD Howe says Canada needs a $9 billion dollar fund handy when the housing crash comes with a 30 percent drop in prices and high unemployment numbers (which will be covered over with phony Obama style government lies), predicting a 17 billion dollar loss on the horizon. Oh Canada, oh Canada, that sounds "good" viz billions verse trillions, but it is just uncanny how these things snowball.
~ What to do !?!?!*! ~
Well.... you could start to buy "Dividend based" ETFs. That might help. So there is my tip of the day.
These are ETFs that focus on dividend paying stocks.
And, there is always the gold and precious metals funds or gold mine stocks - but not a lot of the gold bug, just enough to hedge the losses as the market poops out.
Another crap shoot is oil stocks - who knows, after all WW3 is on the horizon and Iran is nuts. Not the people of Iran (well, maybe a good portion of them as well), but the mullahs are nuts. So we just might have an oil shortage caused by conflict and Iranian turmoil coming that could spike the price per barrel due to the Iranian nutjobs aa well as ISIS, and all of you who bought oil stocks now on the cheap are in for a nice Christmas bonus. But that is sort of like playing roulette. I put a bit of money on that and am waiting for the potential Pearl Harbor.
One other thing you can do is vote for a Republican like Trump. Someone like him will pull the rabbit out of the economic hat and save the world from the coming global recession. I just read he is now at the top of the polls. The world is a tuff place, but even as bad as it is, there is still a nice ride on BC Ferries. I really love the BC Ferries.
