We Are Gonna Get Flattened

I lived through the last major recession. It was the 70′s. I saw gold go up over 2000% and silver higher. I remember those years clearly as if it were yesterday. I spent virtually all those years in college as I became an adult. I had seen John Kennedy, Robert Kennedy, and Martin Luther King assassinated the previous decade. I had seen a terrible, divisive war fought. It was a memorable, historic period and for me a life changing time. I viewed that time as my baseline normal and enjoyed some of the most euphoric periods of my life. 

When oil spiked over 1000% in the middle of the decade no one really panicked. There weren’t suicides. There were long lines on television at some urban gas stations, but not mine. There were no liar loans for housing, but you needed at least 20% down and a job to pay the payments. Houses went up in value and you were able to sell your homes fairly. I saw 11% unemployment several times. People still were able to get through the times. There really wasn’t a lot of readily available financial or geopolitical information. You had to look deep or be able to “read between the lines” to find out what was really happening. I was ambitious and wanted to live life 
to the fullest….and I did.

In the late 70′s I crossed paths with my first deep state players during the heady Texas oil days. I learned how the drillers and landowners in the Southwest made their millions. I was inside their cocaine driven weekend sex parties inside Dallas hotels. Even crossing paths with a future World leader through a very mutual friend lol. Times for me were self-indulgent with a care free hedonic view of my life. Meanwhile the world was ending as gold went up 2000%.  I went through inflation. I went through oil up over 1000%. I went through 18% mortgages. 

We could see all of this again. I made it through it then and so did this country. Did a lot of people make a lot of money in gold and oil back then? You damn right they did and they’ll do the same again this time. In fact they just might make a lot more this time and not have this country come to an end. I do think it may be worse this time. In fact it may get much worse with breakdowns in order. I’m counting on getting through. I’m an “optimist” if you’re informed. Hope you are too.