The last in the Series……Now the”T” word………


Morning Folks!!

Our society is based on one word. Our entire civilization is based on one
word. The free enterprise system is based on one word. Now in the past month I
have talked bout the 'C' word as in 'Confidence' and the 'F' word as in the
'Future.' But on the foundation of those two and bigger than those two is the
'T' word as in 'TRUST.' The trust is being broken at every level.

We see it in the domain business with the shenanigans that have gone on
with some companies stepping over the line. We see it on Wall Street cuz they
are full of shit. We see it in the banking industry as they are full of shit. I
wouldn't trust these guys to give me the right time of day. We see it in
congress and every level of government. How many governors had to resign in the
past year?

So trust is the central nerve system of everything and I see evaporating
trust and with damn good reason. How could you trust these clowns with the facts
we already have?

Here is what I do trust. I trust Congress to do whatever is needed to cover
their asses while exposing ours. I trust the government to waste most of the
bailout. I trust the TARP $$ are gone forever. I trust that taxes will be going
higher. I trust the value of all currencies will be going lower. I trust gold is
a pain in the ass then, now and always. I trust that the stock market will
eventually be relocated to Las Vegas where I trust the odds are much
better.

So I still trust a lot of things. But the trust is a negative trust.

Confidence, future and trust are the 3 legs of the stool. Any problem with one of the 3 leads to a collapse. Problems with 3 out of 3 exposes us to something much worse
So now I am on record. That was what I wanted to accomplish and I did. I posted about this privately this summer. What I said then was more unlikely to happen. Well it happened and if anything, I underestimated the fallout. Don't make the same mistake.
So when will the FUTURE be brighter? When CONFIDENCE and TRUST return to the system. When will that be? Well if the Frankie Valli concert I went to was any indication, not for a while. Not for a long while. Years not months.
Have a GREAT Day!
Rick Schwartz!