Ruh-Roh. Economic MELTDOWN today...

[SeanEdwards]

Don't worry, our fearless leaders are planning to fire up the printing presses big time to hand out funny money to everyone. Inflation? What's that?

 

[Ozwest]

Cash on hand - check
Safe deposit box closed out - check
Water - check
Food - check
Alarm - check, but will become useless
Bars on windows - on TODO list
Arms - don't know how to use them
Solar panel - investigating best way to go
Full tanks of gas with emergency items - check
Family coordinated emergency plans - check
Medicinal-type supplements and medicine - check
First-aid kit - check
Duct tape and plastic - LOL!

You forgot your rocking chair and 12 Guage.

 

[Caravello]

Cash on hand - check
Safe deposit box closed out - check
Water - check
Food - check
Alarm - check, but will become useless
Bars on windows - on TODO list
Arms - don't know how to use them
Solar panel - investigating best way to go
Full tanks of gas with emergency items - check
Family coordinated emergency plans - check
Medicinal-type supplements and medicine - check
First-aid kit - check
Duct tape and plastic - LOL!

What about a roof-top turret? And don't forget guard dogs!

 

[wgadget]

Moat.
Land plot and seeds.

 

[jonahtrainer]

I am starting to realize that a 401k might not be a very good deal after all. All three of the bond funds I have to choose from have US cash in the top five investments and I have no options to trade in anything but dollars.

It seems to me that 401k's have been a method to keep our markets artificially high. While it might be good for wall st, it could be a LOOMING DISASTER for most Americans who have all of their savings tied to these funds.

Personally, I am going to open a Roth IRA and chose my investments wisely.

You are starting to see the picture. And you think only retirement with Social Security is at risk of default? The IRAs, 401Ks, etc. are the next place to loot. I have heard Ron Paul vaguely warn of this but it just goes over most people's heads.

The major governments around the world are going to massively break promises they have made to their citizens. Those are natural consequences of the worldwide fiat monetary system. The central banks have tried to suppress the price of gold with all types of shenanigans including deceptive accounting of their physical bullion stocks. However, the physical market demands physical gold in the hand and those games can only be played so long. Soon, probably in the next 3-5 years, the central banks will be out of any material amount of physical gold and therefore impotent in manipulating the gold price. Who knows what will happen but there will be a lot up for grabs all at once. For a more in-depth treatment watch some of the videos at RunToGold.com.

The only real safe haven is physical bullion in allocated storage; either coins in the hand or something like GoldMoney.

 

[colecrowe]

bump for press conf. TODAY.

 

[Lord Xar]

was McCarthy contacted? I tried, but it came back as a "mailer daemon".. back email.

 

[Ozwest]

Times are going to be tough in Riverdale.

 

[ZzzImAsleep]

Ruh roh........lol.

It's funny cause its true. Best laugh I have had all day.

 

[MaidenFan]

Is this the beginning of the next great depression?

What should people who have a mortgage and very little to no money on hand do? This is the situation my family is in, what's the best move for us to ensure that we don't fucking starve to death?

I hope I'm over reacting to this news..... =[

 

[Ozwest]

Buy tobacco, and Kentucky Bourbon Whisky.

Hallelujah!

 

[Ozwest]

Is this the beginning of the next great depression?

What should people who have a mortgage and very little to no money on hand do? This is the situation my family is in, what's the best move for us to ensure that we don't fucking starve to death?

I hope I'm over reacting to this news..... =[

The news ain't good.

Unfortunately, you are first cab off the rank.

Make preparations. Now.

 

[specialkornflake]

If you are in fixed debt and hyperinflation hits... the good news is that you can then pay off your debt with hyperinflated dollars.

 

[Ozwest]

Is this the beginning of the next great depression?

What should people who have a mortgage and very little to no money on hand do? This is the situation my family is in, what's the best move for us to ensure that we don't fucking starve to death?

I hope I'm over reacting to this news..... =[

What's so unfair, is the baby-boomers (I'm one) are the best prepared cause they have had a chance to make a life for themselves.

We've given you guys the short end of the stick. Again.

 

[ShowMeLiberty]

Is this the beginning of the next great depression?

What should people who have a mortgage and very little to no money on hand do? This is the situation my family is in, what's the best move for us to ensure that we don't fucking starve to death?

I hope I'm over reacting to this news..... =[

My family is in a similar situation. I'm also hoping that the worst won't happen, but I fully expect things to get really bad.

If it does go from bad to worst, we at least have a lot of camping equipment and we are well armed.

 

[Ozwest]

If you are in fixed debt and hyperinflation hits... the good news is that you can then pay off your debt with hyperinflated dollars.

Your lender or creditor will "hyperinflate" your ass everytime. Read the fine print.

 

[MaidenFan]

The news ain't good.

Unfortunately, you are first cab off the rank.

Make preparations. Now.

That's what I'm asking, what the fuck can I do? I mean specifically, is there anyway to prevent my family from being kicked out onto the street?

 

[GryphonsClaw]

You should always have some food and water stock piled. I would say a 2 week supply. Also, stock pile blankets, matches, and batteries. You never know if your town could get cut off from a storm or some other disaster.

At the same time, you should not be stretched too thin. You might want to rethink that mortgage if you are living check to check. Also, look at what you are spending money on and cut back. Save some money, you probably don't need all the stuff you are buying. Companies want us to think we need a new TV, DVD, player, etc... 15-20% of your budget should be savings. You should also buy some metals with some of the money saved. Just advice for life.

I think it is an overreaction to the news. Markets go up, and they come down. Sure our government is running us into the ground but we aren't there yet. Probably, another 20 years or so before we would face the big depression. Now if China calls back their loan to us, then it is time to panic.

 

[ihsv]

Ok, gang. I need some advice. I'm investing in silver right now, and I need to get some input on which is best: Should I buy .999 fine bullion, or should I go for a few bags of the old 90% silver coins ($100 face value = roughly 71 oz of silver)?

 

[fastmanfunnay]

Ok, gang. I need some advice. I'm investing in silver right now, and I need to get some input on which is best: Should I buy .999 fine bullion, or should I go for a few bags of the old 90% silver coins ($100 face value = roughly 71 oz of silver)?

it's best to diversify. id get the gold first, silver later though if you cant get both at the same time.