Somehow the closing scenes out of that 'Carrie' movie come to mind...
How will you play dollar crash?
- Thread starter jsv416
- Start date
Buy a Warhol print to combat weakening $$$... They are pretty cheap these days.
This is the first thread that I have enjoyed reading all the posts. Let me sum up:
Before 2pm:
- Beware bomb will be dropped.
+ Nah, no such thing could happen
- Bomb could be dropped
+ No, no. Impossible for such crazy thing can happen
After 2pm:
- Bomb dropped
+ People die and some left for good.
Before 2pm:
- Beware bomb will be dropped.
+ Nah, no such thing could happen
- Bomb could be dropped
+ No, no. Impossible for such crazy thing can happen
After 2pm:
- Bomb dropped
+ People die and some left for good.
I've been thinking about doing this, please everyone let me know your opinions. Just putting my cash into a basket of currencies and rebalancing monthly. Wouldn't that essentially keep you constant with regards to currencies?
I don't think you want to just be in currencies, since they are all competitively devaluing, but I think I'll always have a portion of cash.
I don't think you want to just be in currencies, since they are all competitively devaluing, but I think I'll always have a portion of cash.
Unfunded liabilities can't bankrupt you since the liabilities can be removed by policymakers.
Furthermore, those liabilities go towards spending -within- the economy. Worst case, medicare spending goes to make higher percentage of GDP go into medical services ... subsidizing a wealth transfer.
I have been saying pretty much the same thing for months. The Federal Reserve and the U.S. government are playing a game of ultra high stakes poker here and just went all in... The best I can see for the future at this point is that we reflate the bubble as best we can and then the crash to end all crashes comes in another decade or so... Ron Paul must be losing his fucking mind... I am afraid the point of no return has been crossed. If we had just sucked it up and taken our medicine for all of the irresponsibility and excess of the last couple decades people my age might have had a chance to build some wealth on a solid economic foundation. But instead, AS IS ALWAYS THE CASE, the government panders to the constituency that has all of the money and political power, i.e., baby boomers who are getting ready to retire and cannot stand to see all of their assets continue to plummet. This is REAL shortsighted in my opinion and will probably make a TRUE recovery impossible for a very, very long time.