Posted on 07/20/2011 6:52:33 PM PDT by Pride_of_the_Bluegrass
Video at Link
(Excerpt) Read more at video.cnbc.com ...
Seems like there is no truly safe place for money right now. What are you guys doing to minimize your exposure? I am open for suggestions.
Just get it over with already. Hell I would prefer the Wild West to what we have now. Back then it was a hard life, yes, but you knew your rights.
Good clip. Thanks for posting.
Investors in government paper be warned:
Haircuts are inevitable.
Investors in PMs, keep it off the grid, because they will figure out a way to take it or tax it.
PMs and barter items for worst-case-scenario.
Short-term ride the market. DJIA is at 12.5. Looks like a top, but if they lift the debt ceiling and do QE3, it will pump up again for a while. Of course, if that happens, the GOP and TEA party will be toast in 2012, which is what Obammie the Commie wants. Everyone knows this and that these fascist economic policies will lead to catastrophe, so the markets will crash hard after their crack fix of new money.
I predicted gold and the dow jones index to gain parity at $3880 two years ago. At that point every major safeguard will not be enough to stop a dollar collapse.
Employees of every level of government, politicians and others who derive their incomes from them (services, etc.) and businesses that don’t want domestic competition (government employees in same families) will see to it that the debts increase as long as the debt regime can continue. They are the most served constituents of both political parties.
We might see more freedom and less socialism on the other side of the default.
Thanks for the encouragement I see a lot of race violence and cities burning to the ground myself, but hey that’s just me.
You’re welcome. There’s something about the prospect of smaller government through reduced municipal lobbies that tends to cheer some of us up. ;-)
I an converting my cash to ammo and stocking supplies...soap, shampoo, detergent, motor oil, etc.
As you can see from my tag line, I tend to view “investments” in terms of survival, barter and bugging-out.
I used to believe a complete crash would be here soon. I now think a crash will come, but it will be slow in coming. The folks in charge are manipulating it so as to stretch it out. We will gradually go away one liberty at a time. So, since I’m too old to think it’ll happen in my lifetime, I’m just going to sit back and watch and try not to get too wrapped up in it like I have been.
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