Ramsey_ElWardani
Ironman
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http://blog.mises.org/archives/009620.asp
"Everything this guys says is true. Even though he says things in a funny way, he is correct, and the results are terrifying. I believe this is going to happen. It actually makes me have a sick and scared feeling in my stomach!
It is what I have been watching and thinking as well. It's actually obvious. The real estate is going to crash for another 2 years plus. The currency crash will happen, and would have started already, were it not for more recession/depression forestalling it.
I can buy gold or oil or other currencies to protect myself financially. My loans on the buildings I own are fixed rate, so inflation can not get me on them. My problem will be figuring out when to fully get out of dollars, since it could be months or 2 years before the dollar collapses. But I can do that earlier than optimal. What scares me is: (1) So many of my friends and family are going to get slaughtered financially and their quality of life is going to be destroyed. (2) I am not sure how to protect myself and family from the violence that will certainly ensue when all of Amercians have a hard and permanent fall, coupled with energy and food shortages. Where do I go with my family? China? Japan? What countries have (i) resources, (ii) people that produce more than they consume, (iii) savings instead of debt, (iv) stable and educated people & govt?
I am not trying to be phantasmagorical. This is going to happen and I need to now work on getting the ability to go to another country longer term. The USA govt will try to restrict gold, foreign currencies, oil, movement, etc. of it;s citizens. Marshal law will be used off an on ...
This may start within 6 months, but definitely within 2 years. It will last a long time."
From someone who know a lot more than me!
"Everything this guys says is true. Even though he says things in a funny way, he is correct, and the results are terrifying. I believe this is going to happen. It actually makes me have a sick and scared feeling in my stomach!
It is what I have been watching and thinking as well. It's actually obvious. The real estate is going to crash for another 2 years plus. The currency crash will happen, and would have started already, were it not for more recession/depression forestalling it.
I can buy gold or oil or other currencies to protect myself financially. My loans on the buildings I own are fixed rate, so inflation can not get me on them. My problem will be figuring out when to fully get out of dollars, since it could be months or 2 years before the dollar collapses. But I can do that earlier than optimal. What scares me is: (1) So many of my friends and family are going to get slaughtered financially and their quality of life is going to be destroyed. (2) I am not sure how to protect myself and family from the violence that will certainly ensue when all of Amercians have a hard and permanent fall, coupled with energy and food shortages. Where do I go with my family? China? Japan? What countries have (i) resources, (ii) people that produce more than they consume, (iii) savings instead of debt, (iv) stable and educated people & govt?
I am not trying to be phantasmagorical. This is going to happen and I need to now work on getting the ability to go to another country longer term. The USA govt will try to restrict gold, foreign currencies, oil, movement, etc. of it;s citizens. Marshal law will be used off an on ...
This may start within 6 months, but definitely within 2 years. It will last a long time."
From someone who know a lot more than me!