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Dow Theorist: Sell Everything Liquid, You Won't Recognize America By The End Of The Year
The Business Insider ^ | 5-18-2010 | Joe Weisenthal

Posted on 05/18/2010 7:05:51 AM PDT by blam

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To: cripplecreek

Isn’t that the truth? We can go into our pantry or fridge and make a meal out of NOTHING. We did it growing up seeing our mothers make it happen and we did it ourselves when we first started out. There are so many ways to save:

Have your shoes resoled and heeled instead of buying new ones.
Mend holes in socks
Save clothing for hand me downs
Learn to fix things yourself
Make your own food with your own ingredients
Buy potatoes or grow your own. Make mashed, fried, boiled, baked, whatever.
Use bacon and save the grease for cooking
Wash foil and reuse it
Wash and reuse those plastic food storage bags instead of running out and buying new ones
Go back to cloth diapers and hang them on the line to save electricity
I’m sure people can add to these things. How do they think our parents made it through the Great Depression? They also BARTERED. I’ll give you this cause I don’t need it. What can you give ME that you don’t need?
Stop paying outrageous amounts of money for shoes and for clothing which gives free advertising to people who are laughing all the way to the bank at your expense.
Go now. Support charity run organizations and buy clothing to keep for when you need it. That way they make money and you have a stash to fall back on. Can help others too if needed.
Go back to depending on yourselves and calling on that good ole American ingenuity that got so many people through.


181 posted on 05/18/2010 8:42:46 AM PDT by cubreporter
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To: CharacterCounts
We have history as a guide here.

Actually that's an advantage we have.
182 posted on 05/18/2010 8:42:46 AM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: drpix

Yes - that’s right to the extent that buying Gold is never an investment, it is simply almost-perfect protection of savings.

So when other investments become safe and lucrative, sell the gold and put your money to work.


183 posted on 05/18/2010 8:43:33 AM PDT by agere_contra
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To: MrB

Your MrB are correct!!! Why wait?


184 posted on 05/18/2010 8:43:41 AM PDT by cubreporter
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To: OB1kNOb

So can city people if they’ll stop and take the time to think about what could happen and if it did...would they be prepared????


185 posted on 05/18/2010 8:44:26 AM PDT by cubreporter
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To: blam
OK...somebody tell me I am crazy so I won't do this.....I am REALLY leaning toward taking the tax hit and dissolving my 401K and paying off two cards I owe on. I now only put 1% of my pay into a retirement account since last year. The market has worried me for awhile now and I honestly don't make enough off of the thing now to keep it. Plus part of it is in GE stock and I hate even being associated with them!
186 posted on 05/18/2010 8:44:33 AM PDT by 4everontheRight ("America is good. And if America ever ceases to be good, America will cease to be great." Tocquevill)
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To: Matchett-PI

maybe luckily for most TSP holders, civil servants of certain pay grades are unionized and many high rankers are politically apointed or connected- so seizing TSP accounts to pay benefits to other unions seems antithetical

But this talk about how only “rich” people have 401’s and IRA’s andf stocks and savings, based on exploiting poor people who have no advantages

is getting louder and more persistent. What will be big labor do when the market crashes and they have to find money to pay off their members?

I am just holding my breath the citizens of this country can pull it out of this marxist nosedive starting by November


187 posted on 05/18/2010 8:45:08 AM PDT by silverleaf
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To: IYAS9YAS

:) :) :)...now THAT was funny. Very, very funny!!!


188 posted on 05/18/2010 8:45:37 AM PDT by cubreporter
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To: ex 98C MI Dude

A gun is a great way of saying “Here I am!” just as the missiles are headed your way.


189 posted on 05/18/2010 8:49:15 AM PDT by bvw
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To: Scythian
You trade it for GOLD and NOW

And what happens when FDR2 decides it is in the best interests of the country to confiscate it all at $35 an ounce?

190 posted on 05/18/2010 8:50:05 AM PDT by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
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To: GnuHere

Depends on where you buy your gold. People in my city have recommended coin shops where they trust the owners and everything is handled in cash.


191 posted on 05/18/2010 8:50:10 AM PDT by ChocChipCookie (God to Obama: Don't think I'm not keepin' track. Brother.)
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To: TChris

Hey- I was happy to get a dollar out for a dollar in!
Now I am in a military credit union piddling savings account but I hope it is honorable and honestly managed

Too bad, I had Fidelity account for 3 decades, now I don’t
But I saw they gave a fundraiser for Barney Frank, that was the end for sure

Our strategy to maximize income from now on - reduce obligations (debt). If worse comes to absolute worse I am considering which debts will have to be “postponed” or abandoned


192 posted on 05/18/2010 8:50:50 AM PDT by silverleaf
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To: P-Marlowe
"Money is a liquid asset. Where do you sell your money? "

Gun stores!

193 posted on 05/18/2010 8:51:59 AM PDT by matthew fuller ("In God We Trust" is being replaced by "Don't Aks, Don't Tell".)
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To: IYAS9YAS

Here ya go:

http://www.freerepublic.com/focus/bloggers/2481166/posts

“Arm Thy Neighbor”


194 posted on 05/18/2010 8:52:22 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: silverleaf
- why not just let em foreclose - then go buy another house for $300 bucks!

It doesn't add up. If there is a mortgage, the bank will pay the taxes to protect their position. If there is no mortgage the owner would have to be brain dead to not take out a small loan, pay the taxes and sell the property at a loss. In this case they would walk away with something.

195 posted on 05/18/2010 8:52:33 AM PDT by wmfights (If you want change support SenateConservatives.com)
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To: MHGinTN
"lawless hungry feral city dwellers"

As I recall during the LA riots, the Asians defending their property successfully against the gangs. I would expect more of the same in a collaspe.

Trying to imagine what a collapse would look like? Paper money implodes, massive unemployment, wide spread hunger, etc. Well that's not that bad. We could get thru that. But if the power goes off or trucks stop delivering food to stores well now it going to get nasty. Hoping none of this happens, but preparing just in case.

196 posted on 05/18/2010 8:52:45 AM PDT by jpsb (bump)
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To: blam
The Dow is selling as write at 10557 down 648 points from its April high. If business is even better than expected, then why is the Dow down over 600 points?

Because the DJIA never moves in a straight line even in the best of bullish markets. There always has and will always be ups and downs and sideways movements, with spikes and pullbacks, backing and filling, and market corrections. The recent decline from the April high is not even a 6% correction. Idiot.

197 posted on 05/18/2010 8:52:57 AM PDT by Labyrinthos
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To: silverleaf

Thanks for your comments. bttt


198 posted on 05/18/2010 8:53:10 AM PDT by Matchett-PI (Obama: "Let's Pursue Reparations Through Legislation Rather Than the Courts")
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To: bvw

A gun is a great way of saying this is my house my food and you are not going to harm my family while I stand idly by and do nothing.

The prudent see danger and take refuge,
but the simple keep going and suffer for it.
Proverbs 27:12

If anyone does not provide for his relatives, and
especially for his immediate family, he has
denied the faith and is worse than an unbeliever.
1 Timothy 5:8

“Then whosoever heareth the sound of the trumpet, and taketh not warning; if the sword come,
and take him away, his blood shall be upon his own head. He heard the sound of the trumpet, and
took not warning; his blood shall be upon him. But he that taketh warning shall deliver his soul.
But if the watchman see the sword come, and blow not the trumpet, and the people be not
warned; if the sword come, and take [any] person from among them, he is taken away in his
iniquity; but his blood will I require at the watchman’s hand.” Ezekiel 33:


199 posted on 05/18/2010 8:54:50 AM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: SeekAndFind
What the heck is this guy talking about? YOU SELL THINGS IN ORDER TO BE LIQUID. Now that you're liquid, how do you sell your money ?

He's Richard Russell, and he is said to be famous.

I think it's an alarmist's way of sounding all technical and savvy while shrilly shouting, "sell anything that can be sold!!!" I think it's also an opportunist's way of saying, I'll buy it at 50% of your asking price.

200 posted on 05/18/2010 8:56:17 AM PDT by r9etb
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