Greetings from the metropolis of Cedar Crest, NM.

My ten year old son, Colt, loves football.  Colt’s football season came to an end this past weekend and he was devastated.   In an effort to pick up his spirits, I promised him that we would practice basketball this coming Monday.  My words of basketball did not keep the tears back….but he did realize that a new season of basketball was just around the corner.  Colt knew football would come to an end….just did not realize how quickly the last day would come….but we all knew it would come.

No truth in politics and YES…..that includes the politicians

As we go through this very difficult economic season, we hear the cries and shouts from all corners of the class ladder.  Turn on the TV or any AM radio station and you will hear the desperate voices…complaining and blaming.  With every complaint and every tear….there is a politician ready to listen and ready to wipe the tears.  But we all know there is no truth in politics…no matter what party you follow.  So when I see the bumper sticker with the face of a politician and the word “HOPE”….I laugh to myself.  Hope where there is no truth….how foolish are we?

We told you so…..

But….underneath the media stories and the political ads lies a small group of individuals that saw this coming.  These individuals are not all on the same page and do not all agree with each other…BUT…they saw it coming. I am not saying these people saw it coming a year ago or two years ago….but some saw it several years ago and some saw it decades ago.

These sophisticated and not so sophisticated individuals wrote articles and books of what is to come.  Others just created websites of the coming gloom and doom.  There were those that studied the cycles and based on history, predicted this economic down turn.  There were others that studied conspiracy theories going back hundreds of years ago.

No matter how they came to the same conclusion…..they all saw it coming.

The “I told you so” group

There are a handful of “I told you so” prognosticators.  Most of the have to do with the stock market, a few with real estate, the others with the banking system.  But if you are interested….here is how I started down this path…..

1) Prophecy by Robert Kiyosaki. Like most of you, as a budding entreprenuer, I started out with the series of Robert Kiyosaki books.  Rich Dad, Poor Dad got me thinking differently.  Robert’s book Prophecy…just got me thinking.  Mostly about stocks and retirement funds, the discussion on cycles was very intriguing to me.

2) The Next Great Bubble Boom by Harry S. Dent.  Again…mostly about stocks….but real estate is also mentioned.  This book freaked me out…a little.  But….Harry is almost on the money….so now it freaks me out a lot!  I think it is worth a read…I will probably read it again.

3) The Pirates of Manhattan by Barry J. Dykes.  This is a newer book but worth a read.  A little on the conspiracy theory (okay…a lot) but very interesting and a bit demoralizing.  If that hopelessness feeling does not hit you with this book…the next one might do it.

4) The Creature from Jekyll Island by G. Edward Griffin is the “king” of all conspiracy theory books I have come across regarding the banking system.  This is a great book if you want to understand banking system from it’s roots….but this is a text book…not an easy read…but the conspiracy stuff reads like a novel.  Per Griffin….everything that is happening today was part of a plan devised in early nineteen hundreds.  Griffin wrote this in the early 90’s.  To give you a better feel for the book…Congressman Ron Paul endorses it.

Did we not all see it coming?

We all knew the end was coming….but did we just choose to ignore it?  In some cases, I knew it was coming and took action.  In other cases….I ignored what was coming and I may possibly pay for it.  Either way….we are all going to pay for it….right?

Until next time….rob

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Tags: banking, collapse, Economy, meltdown, mortgage meltdown