Posted on 12/28/2016 2:09:58 PM PST by BDParrish
India is experimenting with this right now, and it is causing chaos.
I get several cash dividends each month. And the stocks keep going up.
Actually, it is bits on a server.
In May of 2008 I put all my IRA into cash because of this type of warning. Didn't lose a dime for the next year.
We make plenty of cash; US dollars are the currency of Ecuador (imagine that), and much has left our country because people in other countries see it as a haven.
Here in NJ, cash is king; the underground economy is huge (and growing), and the state continues to import Third Worlders who prefer cash to anything else.
I moved all my retirement funds into bonds in 2008. Not because of scary warnings but simply because the fact that the stock market only crashes when the DemocRats control the House. Didn’t lose a cent during the crash. In fact bonds did really really well.
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