Skip to comments.The Global Economic Collapse Picks Up Steam, But You Have Choices
Posted on 12/08/2011 3:20:22 PM PST by appeal2
In 2005, David Galland was sitting at a coffee shop with legendary investor Doug Casey and several others. They were discussing the impending collapse of the US Economy and how there was really no way left to avoid it. At the time, few people believed there was anything wrong with in the US or elsewhere. Everything seemed to be fine, there were jobs galore, incomes were rising and real estate always went up. Fast forward 6 years later and the ruminations at that meeting have come true in spades. Also at that meeting, they came up with the concept for www.CaseyResearch.com, which has gone on to become an online investment research powerhouse. The quality of the writing and the information is always entertaining and revealing.
David joins us to discuss the continuing saga of the Global Economic Collapse and what you need to do to protect your wealth and your family. There has never been a better time in history to start a business. Does that statement amaze you? It's true! The internet has allowed people like myself and David and his partners to reach markets that just 15 years ago were deemed inaccessible to all but the largest corporations. Individuals, who just a few years ago had no idea what to with their lives, are now making it with internet based businesses. David's advice is to study what you love for one hour per day and become and acknowledged expert in that field. And then, make your move, get on the web and go global. Success will eventually find you, just like it has for Casey Research and the Financial Survival Network.
Listen to the Interview
You don’t go all-hog on having the best equipment or expenses, when running the business. However, if you want to start a business and have be successful, the best time is always during the bottom of a negative cycle, because when things pick up, you’re business will grow during the upswing.
Maybe it’s time to re-think the stock market. There seems to be way too much corruption when billions are involved.
I’m sure that Corzine (does that sound like a Mafia name?) has nothing to do with this loss on only a billion or so...
Wow! Such optimism in the flood of corruption and negativity. You are the reason that collapses are delayed I’d guess... Do like the optimistic outlook even if it is unusual.
I can’t control, if the world collapses. I can, however, run my business that minimizes my risk in the event of a cataclysmic economic fall.
Nobody says you have to rent real estate for your head office or have to hire employees. And many small businesses can be run out of the home, as a start, until thinks improve.
There are a lot of businesses that get started up for a grand, so you don’t even necessarily have to take out a loan.
I think buying stocks and bonds directly is the best way to go, at this point. Until the system is reformed, you can’t trust brokerages or fund managers anymore.
Very true! Note that you have to control your business! That is much different from placing your money in the market and hoping for no losses. There you are depending upon the honesty and integrity of the market movers. Not so sure that it is advisable to place money there today.
Bonds are a bit safer but with little or no return. When interest rates are essentially zero, why take chances. I do think that it might be the safest today though, even with no return on your money...
Yes. Bonds is the way to go, for no.
But discount brokerages are also an option, because they don’t don’t manage your money. You tell them what to buy and sell and they take a fee for following your orders.
But you can trust companies? I'm not trying to imply that all companies are corrupt. Far from it, but how would you know?
If you buy a share of a company, you are buying an actual asset.
If the company should go belly up, you stand a chance to get a portion of it back.
But you are relying upon the self interest of those within the company to stay employed to protect your assets. You’re probably safer than relying upon the government to do the samething, because nobody is going to lose their job in the government, if it turns out the pension money is spent.
You’re still trusting the stock market! Good luck with that.
i’m working on new systems now...
but f*ck if i’ll release any of it while 0failure is in office.
i won’t work to support their marxist bullsh*t
they can twist
I’m not trusting the stock market.
I’m trusting the survival sense of a company. By buying shares directly, I’m bypassing stock market mechanisms.
When it comes down to it, not even bonds are safe, if you’re looking for absolute safety.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.