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The market will be scary maybe 1 or 2 weeks, but will recover. If you are worried I would buy GLD, which follows the price of gold.
i agree. i'd be looking to buy in if there is a sharp decline in the initial weeks. just like in late 2007.
the question i wonder is, will things like TIPS go up even more? it'd be amazing, but if we do go off the fiscal cliff, the government's finances will be better, and it's still the safest investment, right?
i agree. i'd be looking to buy in if there is a sharp decline in the initial weeks. just like in late 2007.
the question i wonder is, will things like TIPS go up even more? it'd be amazing, but if we do go off the fiscal cliff, the government's finances will be better, and it's still the safest investment, right?
wrong. The democrats refuse to cut spending. Think of your own finances. If you had tons of debt and got a second job to try to pay down the debt is it going to help that you keep spending the same way?
Because . . . it would collapse the entire economy.
They are not idiots. The only folks that have not figured that out are (R)etard Tea Party brownshirt dolts.
Quote:
Think of your own finances. If you had tons of debt and got a second job to try to pay down the debt is it going to help that you keep spending the same way?
Has nothing to do with individual financial models. Dunno if you actually believe this crap, or just have absolutely no situation awareness or what?
At this point, .gov is the only Gots Money playa in town.
.Gov money stops and the whole game collapses like a small town with a closed military base.
But at this level it is Nationwide and beyond.
If we must cut -- Stop the Overseas Spending Drain via the .mil Endless Wars and PNAC Empire. That is a just a Stop the Bleeding move. Want to do something positive? Reduce the Oil and Chinacrap imports.
The cliif willhappen to everyone if it hits. Just to tax the rich only means indirect increases to everyoe below i prices.But even if we tax the rich at the highest level proposed it not goig to pay but for perhaps 2% of the deficit i ten yeqars. Unless we tackle the three big entitlements they will continue to comsume more and more;which is why they are called unsustainbale. Its like paying a credit card at minmum payments while increasig the total spent. Somethig to think about is China the Japan are our biggest creditors from their svings rates,Both have aging populations and at some point are going to call in that debt to support that aging popualtion of savers.Our government debt is their retirement basically.
Why dont the US file bankrupt like most Americans I think that would take care of our problem
If it truly does collapse, one thing I will do is to visit my dad's grave and tell him he was finally right. He lived through the Great Depression and he expected another economic collapse every day of his 80 odd years. I decided not to do the same.
But to answer the OP's question, I say buy land and bury your gold. I didn't buy my rural land because of a fear of economic collapse. I bought it because without freedom and space, an economy means little to me.
Because . . . it would collapse the entire economy.
They are not idiots. The only folks that have not figured that out are (R)etard Tea Party brownshirt dolts.
Has nothing to do with individual financial models. Dunno if you actually believe this crap, or just have absolutely no situation awareness or what?
At this point, .gov is the only Gots Money playa in town.
.Gov money stops and the whole game collapses like a small town with a closed military base.
But at this level it is Nationwide and beyond.
If we must cut -- Stop the Overseas Spending Drain via the .mil Endless Wars and PNAC Empire. That is a just a Stop the Bleeding move. Want to do something positive? Reduce the Oil and Chinacrap imports.
We are talkig about the cliff as agred to in taxes and alreaqdy agreed to cuts from militray and programs as agred to ;not some compormise. the cuts amunt to 400 billion that directly effect consmers according to CBO. The defense deaprtmenyt has already been workig o where they will cut and many jobs both rpoiavte and public are likely to be efected as well as more base closings as has happen before.
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