With a struggling economy, do you think you have been saving more or less to accommodate your needs?
More, much more. If you're not in debt, of working age, and have a modest savings account of a few ten thousand, you're looking better than 95% out there in the near future. With a real estate bubble crashing (that will crash further), a coming commercial real estate crash, and once the hyperinflation QE scheme bursts and reveals what is a depression, you could potentially buy an entire convenience store for under 5000 dollars like people did in the last great depression.
On the other hand, if you're in debt and interest rates increase, and believe me, in good time they will once the depression hits, you're in big trouble.
by lady_love1587 years ago
http://www.huffingtonpost.com/dan-dorfm … 67131.htmlThe action by the Fed to counterfeit a trillion new dollars will make the rich richer and the poor, poorer. Inflation will spark, your savings already earning...
by Doug Hughes7 years ago
In 20 years, the history books will call this the 2nd depression. We are in a liquidity trap, according to Paul Krugman, nobel-prize economist. That’s central to the problem. “The term liquidity trap is used in...
by mortimerjackson6 years ago
What has Barack Obama done for you?To people who support re-electing Obama, what exactly has he done to earn your trust?
by Earthscribe8 years ago
I am curious to hear everyone's thoughts on the new legislation going forward to audit the Federal Reserve, HR 1207 and S 604:Federal Reserve Sunshine Act of 2009"A bill to amend title 31, United States Code, to...
by WheelScene5 months ago
What tips can you offer for saving gas or spending less on gas?Do you do anything special to save fuel while driving?How do you save money on gas for your car?Have you done anything to your car or truck to make it use...
by Judy Specht2 years ago
Lots of people don't know much about either economic system, but when all is said and done, I say the main difference is....The kind of dreams you dream when you are attached to one or the other. I have...
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