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_love158 8 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 nothing will be worth less, your paycheck will buy less, and everything will cost...
by Doug Hughes 8 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 Keynesian economics to refer to a situation where monetary policy is unable to...
by Earthscribe 9 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 reform the manner in which the Board of Governors of the Federal Reserve System is...
by WheelScene 13 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 less fuel?Share your best ideas!
by mortimerjackson 6 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 Ralph Deeds 9 years ago
Paul Krugman's column in the NYTimes today 1-5-08 is entitled "Fighting Off Depression." In it he called the recent economic numbers "terrifying," not just in the U.S. but around the world. Manufacturing in particular is plunging everywhere; banks aren't lending; businesses and...
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