You own post on this thread reveal you to be a mocker. You mocked the possibility that a financial collapse could possibly happen while agreeing that the market is unsustainable using the Feds money.
You mock the warning while admitting the real possibility. When should a warning be given? When the event happens or before when it is self evident?
Do your own homework I’ve been at this long enough that the post are full of what you look for.
Of course a financial collapse is possible. Our government, after all, is run by stupid people.
I have set my family up for the possibility of financial or some other type of collapse of society by prepping. I have goods, guns, ammo, money and precious metals in case there is a collapse. At the same time, am I an idiot for prepping for the possibility that the world as we know it may not collapse and that maybe I need to prep for that fact too. If the market is unsustainable and will most likely collapse, that means you have to pick the right time to get out. If you got out sometime this summer it was probably the right move. If you got out 6 years ago then It wasn't unless that's all the finances you had available with which to prep.
How did I get pulled into this?????
I just got here, and haven’t had time to read through this whole thread, but I do make a distinction between a market collapse and a financial collapse.
As far as I’m concerned, we have been in a form of financial collapse for many years now, and it’s likely going to get worse - sooner rather than later.
I also am very much concerned that we have already passed the point of no return on this, and are likely in for a very bad time of it no matter who goes to Washington DC. And maybe no recovery in sight for the rest of my lifetime-which is pretty short, but still more than a decade - Lord willing.
I just don’t get excited about the downs of an overpriced market - for one, I don’t invest what I’m not willing to loose. Second for every investment I make, as soon as possible or at least when it doubles, I sell off a portion and take my original principle and park it some where.
When the time is right, I go back in and reinvest that principle. In 2007, I reduced my market exposure to half on all my investments and IRAs. In October of 2008, I purchased stocks of good company’s that looked healthy enough to survive. Now I have sold off about half of those positions.
At one time, I did have a nice size portfolio, but have used that to live on since 1997, when I retired to take care of ailing parents. So my portfolio is pretty small now, but the strategy is the same.
So, I’m stashing some cash, stocking up the pantry with sale items we use anyway, buying some silver, and waiting for the next market crash to troll for bargains. All of which makes sense in a financial crash, or financial recovery.
One thing in our favor: Most if not all of the rest of the world is worse off than we are. Initially, in 2008, when it looked like only the USA had a problem, the funds were flowing out of US Treasuries. A few days later, as the Global problem was realized, money flowed back in - we are still seen as a safer currency than most others, and that may be what saves us from our folly.