- Feb 26, 2008
- 856
- 6
We are in a Depression. Don't believe me? Well, pls look up the definition of BOTH. Our good friends AMERIKKKA first denied the recession, then said we were in one for a YEAR!!
Recession - http://en.wikipedia.org/wiki/Recession
Depression - http://en.wikipedia.org/wiki/Economic_depression
Want more proof? Amerikkka lost 100,000 jobs in ONE WEEK!
http://money.cnn.com/2009/01/30/news/economy/job_loss_roundup/index.htm?postversion=2009013014
Still more proof?
http://www.usatoday.com/money/economy/housing/2007-03-13-foreclosures_N.htm
Now since we have established what is happening, let me give you some advice, FREE.
(1) Do NOT entrust your savings, investments to anybody but the man/woman in the mirror. These people have lost much of your 401k's, retirement funds etc.. can you do much worse?
(2) Careful while buying property. Yes, they are at bargain prices but if those "bargain' prices go down more... then what kind of bargain? Also if you need to get outta dodge, can you sell it?
(3) Consider buying Gold, silver, platinum, etc.... keep at least 25% of your chedder in these precious metals.
(4) Keep CASH on hand (in a safety deposit box). Not just Dollars either. the dollar is in danger of getting hit BAD. because we are having to borrow so much money, this is creating inflation and devalueing the greenback. get some Euros, Swiss francs etc... You can always change them to whatever currency you like.
(5) Be NIMBLE. That means have less crap to hold you back from moving if you decide to. most all these things have ZERO value anyway, thereforr they are TRINKETS.
Well, thats my good deed for the day. Asham and the bill will be coming in the mail.
Recession - http://en.wikipedia.org/wiki/Recession
Depression - http://en.wikipedia.org/wiki/Economic_depression
Want more proof? Amerikkka lost 100,000 jobs in ONE WEEK!
http://money.cnn.com/2009/01/30/news/economy/job_loss_roundup/index.htm?postversion=2009013014
Still more proof?
http://www.usatoday.com/money/economy/housing/2007-03-13-foreclosures_N.htm
Now since we have established what is happening, let me give you some advice, FREE.
(1) Do NOT entrust your savings, investments to anybody but the man/woman in the mirror. These people have lost much of your 401k's, retirement funds etc.. can you do much worse?
(2) Careful while buying property. Yes, they are at bargain prices but if those "bargain' prices go down more... then what kind of bargain? Also if you need to get outta dodge, can you sell it?
(3) Consider buying Gold, silver, platinum, etc.... keep at least 25% of your chedder in these precious metals.
(4) Keep CASH on hand (in a safety deposit box). Not just Dollars either. the dollar is in danger of getting hit BAD. because we are having to borrow so much money, this is creating inflation and devalueing the greenback. get some Euros, Swiss francs etc... You can always change them to whatever currency you like.
(5) Be NIMBLE. That means have less crap to hold you back from moving if you decide to. most all these things have ZERO value anyway, thereforr they are TRINKETS.
Well, thats my good deed for the day. Asham and the bill will be coming in the mail.