hypothetically, you live in a country with massive debt, a declining currency value, whacked trade imbalance.
Tuesday, June 23rd, 2009 at
12:53 am
rorya asked:
disappearing middle class and a poor perception of your country as a bully and meddler in other countries affairs……
In a post information age/industrial age with stagnant job growth looming…
disappearing middle class and a poor perception of your country as a bully and meddler in other countries affairs……
In a post information age/industrial age with stagnant job growth looming…
In such an unlikely scenario, how does one protect oneself from a likely economic collapse of epic proportions?
How should someone unfortunate enough to be in that absurd situation, protect against their eroding financial security?
Tagged with: Absurd Situation • Currency Value • Middle Class
Filed under: Forex
Like this post? Subscribe to my RSS feed and get loads more!
haha, sounds a teensy-weensy bit like the USA to me! I feel sorry for what your fool of a president has done to your economy.
Save your money under your mattress.
Then move to another country.
start saving up money in savings and start stocking up the food pantry…I detect a second depression coming on if something doesn’t get fixed soon
Move to the country, you feel is being helped/meddled with.
You will do well there.
They will be a democracy until their govt. becomes corrupt.
It takes about 200 years.
In the beginning, we all ended up here because our ancestors were immigrants from one country or another.
Go back to where your ancestors came from and see how much you like it there.
You should be scared. What people don’t know is that every 75 years the U.s goes into a depression. Last time was 1930 so were basically in it right now.In 1970 nixon changed our gold standard to currency so that we can buil up debt wen we need to. Because of the war we are in debt because of debt are value of the dollar fell faster than imagined. Never in the history of the world has a currency ever survived in a economy the differece is that when we changed into a currency we convinced the whole world so if we fall as a nation the rest of the world will.If the U.s dollar keeps falling as it is now and gold reaches 1200 an ounce; we will be in a currency crisis which mean today a soda could be 1.50 2mmor it could be hundreads, thoudsands, millions and even billions of dollars (happened to germany in the 1930’s) we are very close to the point of no return.
Thats y u see all those commercials about trade ur gold jewlry for cash; They are making millions
congress and wall street doenst see that because if the value of oil goes up then they invest in that and make millions. Thats why they dont see a recession. Thats why there are more bllionaires than ever. The middle class in the U.S will eventually be wiped out.
What you should do is invest in Gold.sliver.copper.oil
Peple need to get it inthier minds that our dollar is not money its a currency. Gold.sliver etc is money.