Mother Destee, unfortunately how "bad" depends on our collective movements, fears and beliefs. Let's say "a bailout plan" goes thru, not the one that was recently rejected but let's say they come up with a new one that would help secure investor confidence in the market. There is still a trickle down effect at play. The super rich and wealthy are wise enough to have overseas investments that are not connected in any shape of fashion with the US markets.
Think about your employer, is he or she in the super rich category? Perhaps he or she has been borrowing money to stay in business and pay employees? Tremendous amounts of layoffs are on their way regardless because the US mortgage sector is connected to a large amount of banking investments that control how small businesses create income and small business make up %75 of the jobs in the US.
What happens now if you want to sell your house for money, where will the buyer's money come from?
The truth is, those who are living at the bare minimum already can make it. You know, those who listened to the Hon. Elijah's words and eat one meal a day etc., and those who listened to the echos of smart street Prophets telling us to get your passports ready, the NWO is about to go down. Save your gold and sliver.
Those who really really have it bad are those who have no where else to go but America. Don't let it reach the riot stage, that's what the concentration camps are for. Pick a destination, save the money you need to leave. Even now folks are slowly pulling money out of the banks.
Could this all turn around? Of course, but fear is a major factor here. Fear will be needed for the coming election.
These are some really good points!
Yeah, it is going to get rough. I don't think that this "economic armageddon" is going to happen right NOW. There probably will be a bail out of some sorts, that will only postpone the ultimate.
Now, I realize that this (as well as most of these economic situations) are based on "
bluff" and "
panic", But I don't feel that WE are in any position to control any of it, regardless of what we believe.
Everybody is "claiming" that there is an oil shortage.
YEAH RIGHT! Gas aint the only thing made from crude oil! Rubbing alchohol, Car Oil, Carmex, Chap Stick, Mineral Oil (That is in most lotions), Vaseline, and
TABLE SALT. If there was really an oil shortage, the prices of ALL of this stuff would be fluctuating and acting a fool like the gas prices.
But I don't have the option of not paying high gas prices because I don't believe that there is a shortage. The same thing goes with the economy in general. If "They" say that there is going to be an economic armageddon, then there will be (unless "They (Federal Reservist) decide to stop or postpone it)
Money is an illusion. And We don't even have real money! Dollar Bills are not real money (or what is being used as money, like precious metals), so we have an illusion of an illusion. So perception is reality when you don't have or control anything.
I agree with what Meta said about living on bare minimum and save your gold and silver. I cosign on that even more so than investing offshore (which is a good thing). The same people who own the Federal Reserve in the U.S. own ALL of the Federal Reserve Banks. The "insiders" or people who have done research, .... but mostly the insiders, know which economies are going to rise and fall and can play the game. Ultimately ALL of the economies (based on fiat currencies) will fail. First will be the dollar, then the amero... later on down the road.
So get your survival kit ready. Get some gold in silver. Like I said, it aint gonna happen today... but No Man knows the day or the hour, so I would suggest getting prepared.
