DEBT: PART III - DEBTISM PROPHYLAXIS
Technological debtism is a man created, computer made, artificial 'disease' that will have widespread devastating and lethal consequences, even surpassing Aids. Tens of millions, will die from starvation; or, lack of basic medical care. Globally, billions of people will have their lifestyle substantially altered as a direct consequence of the collapse of purchasing power caused by this new more virulent computer strain of banker created poverty induced by debt. WE HAVE ALL BEEN HACKED! Literally, for many years, the purchasing power of all of us has been slowly siphoned away by 'monetary' and fiscal computer dollar unit entries. Technological debtism is the ultimate computer virus. You don't even need to own a computer in order to get hacked. It is now prudent to create a personal prophylaxis protecting oneself against debtism by applying a series of measures in order to mitigate the severe collapse of purchasing power now unfolding due to debt liquidation.
A SENSE OF URGENCY
It is with a sense of urgency (hopefully misplaced) that this 'three part' series on debt now responds to you the reader. We now skip from Part Two and go directly to a newly created and responsive Part Four. To be sure, there will be a Part Three, even if out of sequence. However, many of you have poised the question of what alternative measures might protect your family and yourself from the unfolding collapse of purchasing power.
Time is of the essence. The raging bears of debt liquidation and purchasing power collapse, have escaped from their pen and are already clawing the bankers pretending to be altruistic shepherds. The raging bears of technological debtism are now finding many of the shepherds already impaled on their own staves of debt. Thanks to computer and internet technology, WE HAVE LIVED THROUGH THE MOST RAGING BULL MARKET IN DEBT IN THE HISTORY OF MANKIND! Now, we have entered the most raging bear market in debt in the history of mankind. The raging bears of computer spawned technological debtism are already chasing some of the red ink adorned sheeple; and, disemboweling them with the claws and fangs of unemployment, poverty, repossessions, foreclosures, bankruptcy, hopelessness, anger, homelessness, disease, hunger, and death. If you want testimonials; just go to the downtown homeless, stock and bond markets world-wide, Argentina, Japan, Latin America, Africa, Enron, KMart, Global Crossing, or increasingly Main Street corporations, USA.
EVERYONE HAS DIFFERENT CIRCUMSTANCES
Investment advice is not like pantyhose; there is no magic formula where one size fits all. Each of you lives in different family, residential, and financial circumstances. Because of your different individual circumstances, I would never attempt to give all people the same formula of investment advice.
Even if I was so inclined, I am not a government licensed 'investment adviser'; and I could face serious legal consequences and huge financial fines for exercising my freedom of speech in order to give people investment advice. Free speech, in regard to investment advice, is extremely regulated by NASD required examinations, a plethora of Laws that includes The Investment Advisors Act of l940, other prior federal laws, and l996 federal legislation that divides regulatory jurisdiction between the SEC and the States; and, of course individual state laws. The domain of investment advice is largely the exclusive territory of federal and state licensed and regulated NASD Wall Street salesman, often corruptly advising us to purchase the financial products that will most effectively enrich themselves and their Wall Street employers.. In essence, the Wall Street P. T. Barnum's need government licenses in order to exercise freedom of speech; and, in order to financially sodomize the sheeple.
PROTECTIVE ALTERNATIVES
Even though doubly constrained, I can still share with you some of my chosen prophylactic actions that provide me with assorted measures of protection that constitute my personal prophylaxis against debtism. Surely, my freedom of speech is not so constrained that I am legally prohibited from sharing with you some of my personal protective alternatives? So, on the clear understanding of this operating premise, we shall proceed. These are only a list of my protective alternatives, and not advice for anyone except myself. Each of you bears the full responsibility for advising yourselves as to what alternatives are 'right' for your individual circumstances. And I say that with complete sincerity; and, without any wink of the eye. So, lets proceed with MY list of alternatives.
DEBT FREE
My first protective alternative is to become debt free. My parents lived through the Great Depression in difficult circumstances. My father spent the last ten years of his life, from l933-l943, essentially bed-ridden with congestive heart failure. My mom started as a school teacher in Florida on a salary of five hundred dollars per year.
Like many others, they came out of the Great Depression of the l930's scarred with an aversion to debt that was so intense as to be difficult to describe. If I learned nothing else as a child; I learned that: "IF YOU CAN'T PAY CASH, YOU CAN'T AFFORD IT!" There was ONLY ONE exception whereby debt was permissible. One could use debt in order to purchase a home residence. No other exceptions! Cars were purchased for cash; or, you rode the bus. I remember l940's shopping trips to downtown Miami by the bus, because we had no car. Even today, I have no debt cards; nor, any debt. My parents served me well in making this the single most important lesson in my life. So my protective alternative of getting debt free was already in place. Those cars, homes, and things that are debt free, are effectively protected from repossession by creditors, if you are debt free.
SELF-EMPLOYMENT
The second protective alternative on my list is some form of self-employment. If you are self-employed, only you with your own mistakes, can fire you. In the 1970's, I became full-time self-employed with a retail plant nursery that soon became a wholesale grower, route sales business. In the 1980's, the writings of Nikolai Kondratieff taught me that agriculture gets severely punished in economic long down waves. With a farmer's oneness with his land, I made the emotionally difficult, conscious economic decision to protect myself by getting out of agriculture.
In the late l980s, I switched from agriculture to a tiny, local niche, wholesale gold and silver nautical jewelry route sales business. Besides getting myself out of agriculture, this also enabled other goals. In order to protect myself from the Kondratieff economic long down wave; the business was consciously constructed, debt free, and with as little built-in overhead as humanly possible. Entrepreneurship income is very often feast or famine. During a sales famine, debt and overhead liquidate financial reserves and liquidate businesses. Facing a major cyclical debt liquidation; I thought "survival" instead of "getting rich".
Through the years many employed friends have told me that they preferred the job security of employment to the risk of self-employment. Well, with the unfolding debt crisis, the job security risks of employment are rapidly increasing. Even if it is only part-time; I view some kind of low overhead, debt free, low capital investment, self-employment as a measure of "employment protection" for the Kondratieff downward long wave.
JEWELRY BUSINESS BETTER THAN NUMISMATICS
The third protective alternative is for the entrepreneurial business to involve physical gold and silver. My purchases of physical gold and silver are legitimate and necessary aspects of my now long standing, tiny local niche, profitable wholesale gold and silver jewelry business. Even in the most desperate circumstances of government gold confiscation, it is unlikely that our central government would abolish the fine jewelry sector of our economy. To confiscate jeweler's gold and silver; or, to prohibit jewelers from buying new gold and silver for making replacement inventory, would result in the drastic self-destructive action of eliminating the domestic manufacturing fine jewelry trade from the United States economy.
Even the smallest of precious metals businesses offers multiple protections. A starting place might be to sell inexpensive silver jewelry at a flea market on Saturdays. But, do it the 'right' way. Obtain an occupational license. Get a state sales tax number and do all of the required reporting. Keep records and do everything correctly with the IRS, including filing the quarterly 1040 ES tax forms. Pay taxes on the profits. Buy at true wholesale prices not available to the public. This, if done properly, provides three primary protections. First, you develop a stream of knowledge and income that has the potential to be expanded in case you find yourself unemployed and unable to locate employment. Secondly, it offers a considerable degree of protection against your physical precious metals being confiscated because they were purchased by your documented legitimate existing fine jewelry business, for business purposes. Thirdly, as a legitimate and documented owner of an existing and ongoing fine jewelry business; you further protect your future ability to purchase gold and silver at near melt, in the face of possible future government prohibitions against such general public purchases and ownership.
OUT OF THE CITY
The fourth protective alternative on my list involves choosing where you live. In the friendly Miami neighborhood of my youth, everybody had unlocked screen doors and they all left their solid wood front doors wide open. Today, in that same middle class neighborhood, every home has metal bars creating a jail for each window. And now, every wood front door is always closed and has two dead bolt locks. The big city neighborhood of my youth is now one of distrust, crime, and anonymity; where neighbors don't know each other.
I decided to get out of the city. I moved to a very modest, limited street access, enclave of homes. There is even further limited neighborhood access because it is in a small town, island community. There are no metal bars over the windows. There is a neighborhood BBQ almost every weekend. Neighbors not only know each other; but, we look out for each other's homes like hawks. Strangers who drive in the single, dead end, access road, are greeted by questions and many pairs of staring eyes. This prophylactic action is simply stated: Move into the safest, and friendliest, modest neighborhood that you can locate.
AVOID GOLD & SILVER PAPER DEBTS
My fifth protective alternative involves not investing in gold and silver paper debts. By conscious decision, I hold no precious metals warehouse receipts, futures contracts, options on contracts, etc. All such paper instruments are debts. It is less safe to invest in debts during a massive, historically unprecedented debt liquidation. My physical gold and silver can not be defaulted, like gold and silver paper debts. As part of my ongoing legitimate business, I even feel that I can currently keep my metals in bank safe deposit boxes without undue concern of confiscation.
When it comes to gold and silver, think "survival" instead of "getting rich". In this regard, I am out of step with many new gold bugs; even some gold bugs who claim to seek safe harbor from the coming Kondratieff economic depression. Alas, it even troubles me that so many new 'gold bugs' and 'silver bugs' publicly proclaim at length how they will lavishly spend their fabulous riches when their paper investments multiply a hundred fold, and they become new millionaires. This prophylactic action is also simply stated: Beware of the lure of astronomical profits from paper gold and silver that are just paper debts.
LOW KEY LIFE STYLE
The sixth protective alternative on my list is a very low key life style. By choice, I live very modestly; in great part because people and ideas are more important to me than things, once my basic needs are met. I wear blue jeans, drive a car more than ten years old, and seldom talk face to face about precious metals.
During the WWI era in Germany, there was a patriotic slogan: "I gave gold for iron." It referred to giving your gold jewelry to the government for guns. In the great German currency inflation, there was hunger in the cities. There were food riots in Berlin and Vienna (like recently in Argentina). There was also a flight of capital to overseas safety (like Argentina). Economic turmoil and hunger made people very angry. Envy and jealousy came to the forefront. Hunger and envy brought out the worst of everybody.
Those who brag about their precious metals gains; or, who flaunt their new precious metals wealth, are publicly issuing engraved invitations for major problems from friends, relatives, strangers, neighbors, and government. No gloating or bragging. Those behaviors will not sit well with millions of men have no home; and, a hungry wife and hungry children. Improve the protection of your person and your property by a low key life style.
AVOID THE GUILT TRAP
No matter how much each of us precious metals holders are attacked financially, and demonized through political propaganda and public opinion, we each have a high moral obligation to lawfully financially protect ourselves and our loved ones. Because of government scapegoating, political ridicule, false appeals to patriotism, the cries of the mob, and the envy of our friends and relatives; we must not submit to an immoral and unconstitutional depravitation of our God given rights to honestly house, clothe, feed, and protect our families.
A low key life style is internal as well as external. It includes a one hundred percent total absence of guilt for lawfully protecting your family by purchases of physical gold and silver. It is our moral responsibility to house, clothe, feed, and care for our family. My seventh alternative is to have the spiritual strength to keep your moral integrity by lawfully protecting your family. If you abandon the prudent care of your family, because of a government crafted propaganda campaign and guilt trap, you abandon your moral integrity.
THE PROTECTION OF DIGNITY
The eighth alternative on my list protects dignity. When the debts implode into nothingness, and the purchasing power of your precious metals holdings have soared beyond the bounds of your imagination; pick out at least one person, or one family, whose life has been devastated by the debt liquidation. Help them meet the necessities of life; while maintaining their dignity. Do it as privately and as anonymously as possible. You just may find more riches in this spiritual giving, than in all the gold and silver that you own. Make it clear that they are indebted in only one respect. When they are doing well financially, they must promise to themselves, that they in turn will likewise help at least one person or one family, devastated by the debt liquidation and collapse of purchasing power. And each shall be a link in a private and dignified spiritual chain of financial rehabilitation. Banker debtism can not rebuild the America that banker's destroyed. No, Americans must rebuild, person by person, our people, from the ashes of economic collapse caused by greed and the computer hacking virus of banker technological debtism. I call this "protection of dignity": Your own dignity; and, someone else's dignity.
PHYSICAL GOLD AND SILVER, AND 'NEW STYLE' DOLLARS
The safest protection of purchasing power, during this world-wide debt liquidation, is quite likely investment in fungible physical gold and silver in your possession. As my ninth prophylactic measure of purchasing power protection, I established a sequence of physical precious metals investment goals. My illustrative example:
FIRST PRECIOUS METALS GOAL): The equivalent of twelve troy ounces of physical 24K gold for each and every person for whom you have financial responsibility.
SECOND PRECIOUS METALS GOAL): An equivalent dollar value of physical silver, in '90% junk silver coins'.
THIRD PRECIOUS METALS GOAL): Build from this base, with at least 50% of the dollar cost going into physical silver; and, the balance going into physical gold. This amount and ratio depends upon your current individual financial circumstances. One could easily spend as much as 80% of their purchase funds, for this third precious metals goal, on physical silver (fungible, liquid, bars, rounds, or 90% junk silver coins). Learn how to detect counterfeit bars. One could favor gold for greater safety; and, silver for greater profit potential.
FOURTH GOAL- CASH): Keep enough emergency paper dollars readily available for one month of normal living expenses. The 'emergency' could be created by an emergency presidential order, a breakdown in the computerized banking network, a debt implosion, becoming unemployed, earthquakes, adverse weather; or, other causes.
Only hold the 'new style' United States paper dollars because the Fed is currently recalling from banks all of the 'old style' paper currency that are denominated as twenty, fifty, or one hundred dollars. (As I write this the Fed is not now recalling the 'old style' paper currency dollars that are denominated as one, five, or ten dollars.) This Fed recall is beyond the scope of the replacing of worn paper dollars. No matter how new looking and crisp, the 'old style' paper dollars in the larger denominations are going back to the Fed. Avoid the hundred dollar bills.
Each nation that has a currency crisis becomes a 'sponge' soaking up excess dollars. Each foreign currency crisis strengthens the dollar by increasing the demand for dollars. Now, if our banks can create one foreign currency crisis after another, after another; the dollar might stay relatively stable while gold rises. A news report states that US C-130 planes dropped hundred dollar bills on Afghanistan and Pakistan. Is that seed money for a dollarization crisis?
GOLD AND SILVER STOCKS IN AN IRA
The tenth protective alternative on the list is the safest way to invest in paper gold and silver for greatly leveraged increases in purchasing power. By choice, for self-protection, my IRA holds only unhedged and financially sound gold and silver stocks. It took literally hundreds of hours of research and due diligence in order to select those specific stocks. Unhedged mining stocks, are the only paper claims on gold and silver that I own. They are partial ownership claims on a gold/silver mining business. Thus, I view them as paper assets, and not as paper debts.
AVOID EUPHORIA, GREED, AND WALL STREET TRAPS
The eleventh alternative on the list is to protect myself against five specific, (of many), emotional investment mistakes that are prone to happen in the greed and euphoric aftermath of huge investment gains. Many precious metals investors will reap unimaginable increases in purchasing power. The euphoria of that reality will spawn narcissism, egocentric greed, and emotional and intellectual carelessness that will impoverish countless gold bug winners. I saw way too much of that self-impoverishment of gold bugs in the bull market of the l970's and January, l980. For many precious metals investors in the unfolding bull market, reaping a fortune shall be the relatively easy part. Keeping the new found fortune in purchasing power will be the extremely inordinately difficult task. Protecting 'the keeping' will require conscious and disciplined control of one's emotions, and thus one's behavior. So, we need to focus with great intensity on our emotional side if we gold bugs are to avoid also becoming tragic victims of the homelessness, famine, untreated health care problems, and death, begot by this new more virulent strain of poverty created by computerized debt. As debtism prophylaxis, Atocha practices a healthy daily dose of introspection on each of the following five emotionally based investment traps, every day. Examine your own emotional nature, and add your own individual personal emotional traps, as necessary.
l) HAT SIZE. Make sure that your hat size stays the same. This requires a self-imposed emotional restraint against the head swelling. On January 20th, l980, I got out of gold at the top at $850.00 per ounce with more dollar profits than I had dreamed possible. I figured that I had the gift of trading expertise. My head swelled many hat sizes larger. Damn, I was good, I could beat any market. I proceeded to trade the currencies and I lost two thirds of my profits from the gold market. Reality is that in the l970's, I was just in the right place at the right time. I am again in the right place at the right time; and, vigorously determined that this time my hat size will remain the same, as my purchasing power escalates toward dreamland.
2) ITS THE GAME. In the l970s, at 5:00 am each morning, I got up to turn on the radio (yes radio) in order to get the price of gold in Hong Kong. I kept my charts, toyed with new oscillators, and read everything available. My friends were also in the precious metals markets. The process took over. The process became more important than the results. It was the chess game of my life. Instead of a means to an end, THE GAME became the end. Every day my commodity account went up or down five or ten thousand dollars. They weren't real dollars. They were just NUMBERS. That was the way that you kept score in THE GAME. Emotionally, numbers in my account balance became abstract game score numbers, instead of spendable purchasing power. I TOTALLY FORGOT WHY I WAS THERE; AND, WHY I HAD ORIGINALLY GONE THERE. Competitiveness must be controlled.
This time, Atocha is emotionally resolved that this is no game. The numbers are not game scores. This time it is about spendable purchasing power; and my future during life in the financial abyss. I don't want to live in a tree and eat out of garbage dumpsters: Because I emotionally got caught up in a game? This go around is light years distant from being 'a game'. This go around is about quality of life and survival during the coming debt dark age.
3) CARELESSNESS. At the Merrill Lynch office, a new commodity trader joined us. He walked in, and went long twenty-seven contracts of copper. He quickly had over one hundred thousand dollars in profits. He caught a plane and went to the Bahamas in order to buy a condo with his profits. He quickly returned and found that all of his one hundred thousand plus dollar profits were gone; and, he had a margin call. He spent the money before he closed out the positions. It was carelessness born from the euphoria of quick, large profits. Emotionally be prepared for carefulness and intellectual diligence in the euphoric aftermath of quick windfall profits.
4) GREED AND MARGIN. "Of course, one should maximize profits. Every profit opportunity missed is a personal failure. Maximize margin in order to maximize profits." Such an attitude is a prescription for failure. The euphoria of winning big cultivates greed like elephant dung cultivates dung beetles. During the l970's bull market I saw probably hundreds of new commodity traders come into the Merrill Lynch office with greed in their eyeballs and margin in their accounts. They left, broke and broken, before we learned their names.
Margin often works profitably in the early stages of a bull market. But, as the daily limits get expanded; and, as the size and violence of sudden price moves greatly increases, quick huge losses become margin calls that send investors home, broke and broken. The 70's precious metals bull market had consecutive days locked at limit up. And, the same bull market also had consecutive days locked at limit down, with expansive limits. Stop loss orders no longer protected against huge losses like they did in the early stages of the bull market; because the market moved limit down day after day with a lack of stop loss orders being executed. In that case, margin debt accelerates in a few days far beyond any dollar amount that the investor ever imagined possible. Then, forced out by margin calls early one morning; investors immediately watch in dismay a quick price reversal and several consecutive limit up days. Margin that had worked in such a euphorically profitable manner in the early stages of the bull market when the stakes were small, suddenly becomes violently lethal debt that liquidates accounts and family assets when the stakes are very large. That, is the Wall Street 'margin trap'; and, how it is psychologically set up by the Pavlovian conditioning of margin increasing investor profits in the early stages of a bull market.
5) STOP LOSS DELUSIONS AND PYRAMIDING. There are false, Wall Street promoted, self-reassuring notions that stop loss orders will control and severely limit your loses. However, stop loss orders often fail to protect funds when it is most critical. With futures market leverage, or stocks on margin, pyramiding positions as prices move in your favor, risks losing all when stop loss orders no longer protect your funds because of consecutive limit down days without trading; or, severe gap down openings. Pyramiding, and/or 'the stop loss trap', have caused the financial ruin of many investors on the correct side of a strong bull market.
Atocha says, this go around, no margin or leverage. Pyramided debt is financially unsound. Pyramided debt impoverishes. Pyramided debt is unstable debt that turns riches to rags. Emotionally, Atocha says to keep greed on a very tight, short leash. By the way, how can you be a gold bug and strongly criticize the pyramiding of debt in the fractional reserve banking system; and then, pyramid your own debt in a gold or silver market? Leave the financially unsound pyramiding of debt solely to the fractional reserve bankers of debt fiat currencies. Otherwise, you as a gold bug, become that which you profess to detest.
The Wall Street Pavlovian psychology necessary for 'the stop loss trap' is set up by the successful use of stop loss orders in order to safely limit losses in the early calm stages of a bull market when the stakes are still small. The 'stop loss trap', (simultaneously expanded trading limits, consecutive locked in limit moves, increased margin requirements, and severe gap down openings), is only sprung by Wall Street when the stakes have become very large and investors have become conditioned to believe in the 'protection' of their stop loss orders. The cumulative euphoria of winning day after day becomes so great that it takes preplanned extreme conscious daily effort in order to protect yourself against your own greed. The use of debt pyramiding; with dollar reserves that become woefully inadequate for simultaneously expanded daily limits, increased margin requirements, and the increased market volatility of consecutive locked-in limit down days, springs the Wall Street 'stop loss trap'.
THE SHEEPLE MENTALITY
Most Americans have been through a lifelong process that conditioned them to be unthinking sheep. The sheeple mentality is an emotional mindset. In schools, at every level, the overwhelming emphasis is on memorization and regurgitation. The teacher is always 'right'. The doctor is always 'right'. Of course, government is always 'right'. In employment, instead of self-employment; the corporation is always 'right', the boss is always 'right', and the customer is always 'right'. Thinking otherwise is 'wrong'. No thinking allowed! Since sheeple are always 'wrong' for thinking; they develop a 'prey mentality' and a 'herd mentality'; as insecurity and misery loves company. Sheeple also develop a strong aversion, and psychological incapacity, for any serious thinking.
Sheeple are people psychologically arrested at crawling around on all fours and going: "Baa, baa, baaaaaa". The banks, Wall Street, corporations, and government; use this lifelong conditioned sheeple mentality of unthinking herd behavior as a psychological umbrella strategy for the financial slaughter of the American sheeple. Many sheeple revere our modern day Helen of Troy. She has a face so beautiful as to announce a thousand ....Enrons.
The sheeple mentality is our nation's biggest trap. As lifelong Pavlovian conditioned sheeple, we Americans tend to unthinkingly follow the 'shepherds' of banking, Wall Street, corporations, and government. These 'shepherds' promote the Cult of the Expert (especially the Pope of Debtism, Greenspam). In a farcical portrayal of experto credite, television commercials for Wall Street show our 'peers' (really actors) submissively groveling and seeking their broker's financial 'expertise'. For the shepherds of banking, Wall Street, corporations and government, it is no coincidence that their favorite food is lamb chops and their favorite attire is wool suits.
Atocha suggests the following as the twelfth, and last, protective alternative on his incomplete prophylaxis list. At three o'clock some morning, get naked in front of a full length mirror. Ask yourself: "Do I exhibit the sheeple behavior of listening to 'experts' and following the herd? Hint- are you loaded with debt and living beyond your means by borrowing? Hint- did you lose dollars in the stock market? Hint- do you regularly watch television shows for advice? Hint- do you frequently seek the opinions of others as an alternative to thinking things out for yourself? Hint- can you explain the fractional reserve banking system? Hint- do you know what happened to municipal bonds in the 1930's? Hint- are you without fungible physical gold and silver in your direct possession? Talk to yourself in the mirror. What are you going to do about the obviously unfolding economic/debt crisis? Honestly, are you capable of actually thinking correctly for yourself on things more important than movies, ice cream, television shows, fashion trends, and sports?
In order to be able to protect yourself from the devastating collapse of purchasing power resulting from the hacker's 'disease' of technological debtism, you must be able to correctly think for yourself. After physical gold and silver, probably the most important single prophylaxis that you can have in order to protect yourself from the unfolding economic depression is the ability to correctly think for yourself. Otherwise you are baa, baa, baaaaa sheeple; and, you will become wool suits and lamb chops for the shepherds.
ADVISE YOURSELF VERY CAREFULLY
How much time do we have? I don't know! I don't think that anybody knows precisely when the growing 'disease' of technological debtism will become a full blown computer systems collapse, like full blown Aids.
There are many other alternatives. The previous list is just my alternatives. Each of us will choose different alternatives. Your alternatives might include several generations living in the same home. You may have stocks, bonds, real estate, or businesses that you want to sell in order to eliminate debt; or, in order to purchase for cash physical precious metals. You may decide to move into your vacation home and sell your main house. You will reap the consequences of your decisions, even if your decision is to make no decisions. Only you have the responsibility for your life style and your spiritual and investment decisions. You may decide to delay retirement; or, to take an early retirement. If you strongly believe that we face real estate price inflation, then you will probably want to keep your full real estate position. If you believe that we face real estate price deflation (as I do), then you may want to downsize your real estate position as much as possible.
Prophylaxis is the prevention of a disease by applying a series of measures against it. From my perspective, technological debtism is a man created, computer made, artificial 'disease'. It is the ultimate computer 'virus'. You step up to the plate, and make your own correct decisions on what series of alternative protective measures you will apply in order to prevent or mitigate the effects of technological debtism on your home and your loved ones. You wear the mantle of full responsibility for the correctness or incorrectness of your decisions. Consider all protective alternatives very carefully. Then, craft your own prophylaxis- applying a series of measures protecting yourself from debtism. You shall reap the consequences of YOUR decisions. The credit or blame will be only yours. May you think. May you think with dignity, understanding and emotional control. May you practice safe thinking.
DISCLAIMER: This article is provided for intellectual stimulation only. The contents are not intended as investment advice for any individual except myself. I am not trying to sell you the reader anything. I encourage you to expand your thoughts beyond the politically correct spin of the media. I encourage everyone to develop their own thoughts, deeply and passionately, for we live in very troubled times. I do learn from, appreciate, enjoy, and thank you for your email feedback. I respond randomly to as many individual email authors as possible. I deeply regret that I find myself unable to answer each and every email author individually. I sincerely apologize to many of you who have sent me outstanding detailed emails that I have been unable to individually answer. However, I will do my best to respond collectively to many of the outstanding suggestions and questions raised in your emails. This Part Four is an example of my responsiveness to your emails. So please, keep the emails coming.
Frank Smith
fhsmith@terranova.net
February 19, 2002
Copyright 2002, Frank Smith
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