- 6,406
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- Joined
- Jun 28, 2004
There have been recessions before and there will be others in the future. The nature of this recession is unique because it was driven by the failure andfraud of institutions, the response was failure and fraud by banks and government and we face down inflation, government expropriation and general instabilityin the future. As a result I am and will continue to act differently, through out my life.
- I have resolved to save a much, much larger share of my lifetime earning and when I save, I will always have some of my wealth in overseas, non dollardenominated accounts and assets, I will buy more and more gold and silver and I will always keep a good chunk of cash and gold hidden under the house. On topof that, I want to have my house paid off as soon as I can.
- Family has become more important to me. I had always loved my family and socialized with my siblings and my cousins but now family is also becoming a unit ofprotection and economic security. I can really now understand why people, who lived in unstable countries and/or dangerous and/or impoverished places, care somuch about extended family, they are they are the only institutions you can trust. My dad is from the Third World, as are the parents of many of our friends.As kids we hated how they tended to be tight with money, worried about us excessively and made us always go to frequent family gatherings. Now, I and myfriends really can understand why our parents act how they do.
- Over the years, i have many books my people who lived in or through war, famine, civil unrest, tyrannical government, economic collapses, epidemics and othercalamities. I could understand, in an academically sense, what was happening, but books about chaos, tyranny and mass anxiety simply could not resonate deeplyto a person who only knew optimism and stability. While this recession is nothing next to something like the Holocaust or the Black Death, the events of thelast year have shown how quickly what looks like a very good situation can be imperiled and destroyed. It also has shown my why writers and thinkers from thepast were so focused on stability and avoiding chaos.
Has anyone else been changed by this recession and more to the point the nature of this particular recession? Has anyone else gained better appreciation of howunstable things really are? Do you feel closer with your family then you had a few years ago? Does anyone else now have a better understanding of what theirimmigrant parents say or what writers from the past have to say? Has anyone else been changed in other ways over the last year or so.
- I have resolved to save a much, much larger share of my lifetime earning and when I save, I will always have some of my wealth in overseas, non dollardenominated accounts and assets, I will buy more and more gold and silver and I will always keep a good chunk of cash and gold hidden under the house. On topof that, I want to have my house paid off as soon as I can.
- Family has become more important to me. I had always loved my family and socialized with my siblings and my cousins but now family is also becoming a unit ofprotection and economic security. I can really now understand why people, who lived in unstable countries and/or dangerous and/or impoverished places, care somuch about extended family, they are they are the only institutions you can trust. My dad is from the Third World, as are the parents of many of our friends.As kids we hated how they tended to be tight with money, worried about us excessively and made us always go to frequent family gatherings. Now, I and myfriends really can understand why our parents act how they do.
- Over the years, i have many books my people who lived in or through war, famine, civil unrest, tyrannical government, economic collapses, epidemics and othercalamities. I could understand, in an academically sense, what was happening, but books about chaos, tyranny and mass anxiety simply could not resonate deeplyto a person who only knew optimism and stability. While this recession is nothing next to something like the Holocaust or the Black Death, the events of thelast year have shown how quickly what looks like a very good situation can be imperiled and destroyed. It also has shown my why writers and thinkers from thepast were so focused on stability and avoiding chaos.
Has anyone else been changed by this recession and more to the point the nature of this particular recession? Has anyone else gained better appreciation of howunstable things really are? Do you feel closer with your family then you had a few years ago? Does anyone else now have a better understanding of what theirimmigrant parents say or what writers from the past have to say? Has anyone else been changed in other ways over the last year or so.
