Posted on 12/07/2013 4:42:39 PM PST by SteelToe
In the event of a real crash the Obama Media will convince the Low-Info voters that it is the result of the evil republicans who foced the Sequestration on Obama and then wouldn’t give him another $900 billion Stimulus slush fund.
I’ve resigned myself to gearing up my country (my house and small garden) to be independent of Hussein’s stolen country. I can’t stop him, but I can help my country be ready to exist by itself for a long time. The living beings in my country, and I’m President For Life of my country, are me and my Yorkie, Prissy. She has unalienable rights to water, food, a bed and to be treated with kindness. Her job consists of alerting me when anyone comes near and to chase any squirrel out of the food garden.
Once dictator Hussein is gone, by whatever method, my country will once again align itself with the country I knew before Hussein. As with Hitler, some Jews left that country in time to save their lives, and I hope many in the US prepare their own personal country to live through Hussein’s dictatorship.
Both liberal and conservative constitutional experts agree that Hussein has violated the constitution over and over and the word, “Impeach” is used by both groups now. That will only happen if Republicans become a majority in the senate in the 2014 fall election. Based on the information in this article, that may be too late to save the country from severe depression.
And who will there be to do that?
Our currency system is but a miniscule portion of the nations wealth. It could not be easily replaced or accepted anytime soon.
name me two?
That, and now we have all sorts of laws and stuff so it is impossible to crash. /s
There was an interesting T.E.D. talk on algorithms, and how so much is being run by them. Huge impact on the stock market making trades with the computers making all the decisions. (What could go wrong!?)
OTOH, as bad as that chart shows, in ‘29 it lost about half it’s value. If we mimic it we will lose “only” about 25%. At least at first. If it happens under obama, it will get even worse with his impact on things.
See the link in my tagline for how FDR dealt with things. Eerily similar to obama today.
The super geniuses of the left re-write history when they f it up.
I am a prepper and already have all those items you mentioned. In the meantime and before the SHTF I still need an income.
1929 vs 2014
“It could not be easily replaced or accepted anytime soon.”
I agree with you. That’s why I think currency is not necessarily a safe haven. When I think of fundamentals I think of the ability to grow food, obtain clean water etc., and the ability to provide safe haven - among other things. Ultimately, the fabric of society is very thin. Ultimately, we are left with our faith.
Sure, no problem. I’ll post the link to it which is on FR. It happened in a hearing about Hussein violating the constitution a number of times. The liberal constitutional professor said Impeachment is required to stop him. He made quite a speech about Hussein’s violations.
I’ll get the link now and post it.
But ask yourself one question. If the economy collapses and the stock market collapses...will you dip into your safe for funds or keep waiting for it all to fix itself?
That chart is very misleading because the scales are different. 1929 level of 150 doubles to over 300.
Our time frame level goes up about 25 or 30% in the same time frame. A drop matching the chart we would end up around 12 or 13000 again. Not good by any means, but not depression era stuff either.
Click on this link, then click on National Review link and the names and their responses are there.
http://www.freerepublic.com/focus/f-news/3098688/posts
Liberal law professor: Obama is the danger
http://www.wnd.com/2013/12/liberal-law-professor-obama-is-the-danger/#sW6IiVBUv7XyGuTs.99
So assume the crash is going to happen and that you want to protect as much of your 401K as possible. Where to move your money? I only have a small set of mutual funds to choose from and cash / gold are not options.
Part of the historic market high these days is directly related to helicopter Ben's QE, printing of money whatever you want to call it. It's a reflection of the devaluation of the US dollar. The dollar is worth less, so you have to pay more for the same amount of stock.
It would be interesting to see a chart that uses prices adjusted for this devaluation.
In addition, the rest of the story from 1929, is that the market did go ahead within a few years, and started a jagged recovery that has now surpassed historical levels of the DOW - irregardless of the reason.
My investment guidelines are these, assuming you have enough emergency funds, and preps etc:
Never ever buy on margin, don't even set up a margin account - just say no.
Never ever invest more in the market or a stock than you can afford to lose. If your stock portfolio suddenly went to zero, could you just shrug and say Que Serra Serra, with no angst? If not, you better get out now if you happen to be in.
Keep in mind that your investments are not really in some nebulous “The Market” as reported, but rather is invested in Companies. If you have mutual funds you are depending on the money managers to choose good companies, so sometimes it's hard to remember this.
You can review their choices, though and see if you agree with the companies they are betting on, or you can pick your own.
We all know the principle of buying low and selling high. There's the famous quote “buy when there is blood in the streets, even if it is your own”. A caveat though, is to make sure the blood letting is nearing the end, and is not just a bunch of nervous institutional investors selling prematurely to get ahead of the thundering herd.
Don't be greedy. When the market hits a historical high, it just might be time to take a few of those chips off the table, and park them in something you consider a bit safer, just so you can get a good night's sleep if nothing else. Being forewarned, you might want to sell off some things and wait for the crash to see what companies you can pick up on the cheap.
You might miss a few profits if the market goes higher, but it's easier than losing 50% of your investment. You do reach a point where the downside potential outweighs the upside potential.
Now is a good time to be examining your portfolio to see what action you need to take.
I see two jagged lines heading north. One drops off.
The mind sees “patterns” just like we see the man in the moon. It is the stuff of survival but doesn’t stand up to numerical data.
Certainly there are bubbles, and they will burst. But forecasting the timing is a fool’s errand.
Thanks for the link, Marcella. That was very considerate of you.
There’s the rub. Nothing is safe in the income arena. Bonds which people typically rely on will be losing value whenever the interest rates begin to rise. With interest rates at historical lows, it is no time to be investing in bonds.
Stocks are at historic highs which always comes before the fall. Real Estate is a good investment, but not liquid. Precious metals can also hedge against inflation, but unless you want to become a coin dealer, hard to make an income on that.
Best thing is to have a job that pays the bills, and keep on working as long as you can. Make your investment decisions with an eye to safety for whatever scenario you think is most likely to happen.
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