Random Roving: Fighting The Tide

Thursday, February 18, 2010

Fighting The Tide

"The long, rambling rant posted on a website eerily reflected the angry populist sentiments that have swept the country in the past year. In it, a Joe Stack inveighed against intrusive Big Brother government, corrupt corporate giants, irrational taxes, as well as the "puppet" George Bush. 'I choose not to pretend that business as usual won't continue,' he wrote. 'I have just had enough. I can only hope that the numbers quickly get too big to be white washed and ignored that the American zombies wake up and revolt.' And then Stack apparently got in a Piper Cherokee PA-28 at about 9:40 a.m. at an airport in suburban Austin, Texas, and flew the plane into a commercial building housing an IRS office, killing himself, seriously injuring two people on the ground and starting a conflagration that lasted several hours."
Source: Time.com

"As this cycle continues downward, it will be important to know what you believe in. You will be challenged to stand up for what you believe in whatever that is."
Random Roving - November 6, 2009 - "The Man Under The Hood"

In Joe Stack's mind, he knew what he believed in and he stood up for it....an extreme decision and approach I might say. Another coward that decided to take the innocent out with him.

Last week it was a professor at University of Alabama Birmingham that was upset about not obtaining tenure. This week, it's a software engineer flying a private plane into the IRS building in Austin. My friends, this phase of the cycle is about extremes. Extreme financials, extreme human behavior, extreme religion, extreme opinions and beliefs, and some might even say extreme weather.

"The mob will get even more angry. Beware of the angry white American man carrying the Bible."
Random Roving - January 1, 2010

"I know I’m hardly the first one to decide I have had all I can stand. It has always been a myth that people have stopped dying for their freedom in this country, and it isn’t limited to the blacks, and poor immigrants. I know there have been countless before me and there are sure to be as many after."

Joe Stack's Final Statement

"When the tide lowers, we'll see who's been skinnydipping."

Warren Buffet

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Mission Statement

Friend: What's the mission of this blog?
Kirk: To be honest, I’m not really sure! Since March, 2000, I’ve been concerned with the state of the world and have felt compelled to share. I can’t really explain it.

Friend: A lot of these topics are just plain scary.
Kirk: Fear is an emotion. Read the information with a clear, balanced, and unemotional mind. My intent is not to scare anyone, but to motivate action. One of my favorite Buffet quotes: “It’s one thing to think that it is going to rain. It’s another to build an ark”. Go design and build your ark!

Friend: When did you become such a pessimist?
Kirk: I’m the most optimistic person I know! Pessimism and optimism are emotions. It’s best to make important decisions with as little emotion as possible. In 2000, I became very concerned with the future of our nation, world, and economy. On 9/11/01, those concerns escalated to another level. I believe that in hindsight, the entry into the new millennium will be noted as an important inflection point. To believe that the stock market is going lower does not make one a pessimistic. They say that there is always a bull market in something. In contrast, in 2001 I began to believe that oil and gold were due for a resurgence. So what does it make one that believes one thing is going up and the other down? History has shown that the world is quite cyclical. Through time we’ve had peaceful times and periods of great conflicts. Peace has never lasted forever. My research has led me to believe that tougher times are ahead. That’s not pessimistic, it’s an educated hypothesis. Don’t let fear paralyze you. Don’t be an ostrich.

Friend: Aren’t you obsessing over this?
Kirk: My concern for the future increases each day as I see events unfolding that others have forecasted for some time. Watching the news is like watching a movie replaying that I’ve already seen. When the market started crashing a few weeks ago, I wasn’t shocked at all. I’ve been waiting since May 2000. I see it as a natural cleansing that is required before the next phase of growth can occur. It’s like the appearance of the first blizzard in winter. You know it’s coming and you also know that spring will follow. There’s no need to be pessimistic or concerned because you know what to expect and you know to dress warm and to store up some firewood. But, don’t be a bear and go hide in a cave!

Friend: You seem to be enjoying this!
Kirk: No, this won’t be an enjoyable process, but the final destination and cleansing will be good for all of us as moral, hopeful, optimistic human beings.

Friend: When did you start thinking that you’re so smart?
Kirk: I don’t. I’m actually regurgitating information from people I believe know what they’re doing. I’m a messenger, a facilitator of information. I’m like Cliff Notes, but I’m free!

Friend: Why are you so negative on stocks? I’ve always heard that you should always own stocks.
Kirk: Yes, 90% of the experts will agree with that. Mr. Buffet just told the world so. I believe that there are times to pull out and observe from the sidelines. There’s a time to go for it on “4th and 1” and there’s a time to punt. I don’t believe that it’s time to be Les Miles. Stocks have been great investments for our entire adult life so we don’t know anything else. We’ve only seen a couple of seasons of the Kondratieff Cycle during our adult life.

Friend: Why are you so obsessed with the stock market?
Kirk: Actually I’m not. In May, 2000 I sold 100% of my stocks. Call it a “premature evacuation”! My real interest is aligned with Prechter’s theory that the markets are barometers of mass social mood. I’m thoroughly intrigued with the cyclical nature of historical events and how their timing aligns with market cycles. The purpose is to better understand potential future trends, events, and outcomes. My major concern the last few years is that we are due for a contraction phase. The expansion phase was so good and so long, so the next phase concerns me greatly. Is our generation, the 40-somethings, prepared for adversity? My greatest concern is that we have a 15 year old boy who, in three years, is a candidate for military service if a draft were to be reinstated. In contraction phases, the peace process ends and countries engage in wars. Resource wars for oil and water are very likely. The imperialistic invasion of Iraq is part of the escalating worldwide oil war. I believe that it’s very likely that the draft will reinstate due to the fact that our military is stretched thin and activity on dual fronts will be taxing. Say your prayers.

Friend: Do you really believe that one can predict the future?
Kirk: No I don’t believe that one can predict the exact future. I do believe that history repeats itself and that humans have short memories. With that said, history books are great places to learn. I also believe that the universe is very cyclical. I do believe that I can predict the weather next August in Houston within ten degrees. Yes I’m predicting the future, but it’s based on a consistent long term historical cycle. The timing is very difficult, but if you have a perspective on the character of the next phase, then you can be on watch for the inflection point.

Friend: So what should I do?
Kirk: I’m not qualified to be your financial planner and probably not qualified to be my own! I highly recommend that you watch Chris Martenson’s Crash Course. http://www.chrismartenson.com/crash-course/