your fortunate to have no mortgage. mine is over $100k underwater. and it’s just me and my child now.
and you said:
“Hyperinflation or a second recession will likely kill a lot of us financially.”
sadly, i think we are ALREADY in it.
if the gov. used it’s own figure for GDP, it would have been -3 for 1st Q, instead of the 1.8 they reported.
http://www.freerepublic.com/focus/f-news/2727239/posts
What GDP Growth Would Look Like If The Government Were Using The Right Inflation Numbers
...a top finance guy on Drudge today, said we are entering a full blown depression. Chicago manufacturing index is at record low. other things i don’t understand, but sound bad. i took out half of the little i have in retirement.
...not trying to sound gloomy. the 10 in the Bible were praised for being ready with extra oil. so, i’m just preparing the best i can, and praying.
“a top finance guy on Drudge today, said we are entering a full blown depression.”
Judging by the number of businesses failing in my neck of the woods (NE New Jersey), I’d say he’s spot on.