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Politics : Welcome to Slider's Dugout

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To: Kpainfish who wrote (2897)	10/20/2006 12:08:57 PM
From: SargeK	Read Replies (1) of 50710

Surviving the Ultimate Melt Down Kpainfish: >>>i'm thinking of ways to profit from it. Any ideas? Ken<<< Ken, Nobody knows precisely when the US Economy erected on unredeemable debt inspired by defective tax and welfare laws will become unraveled. As long as government and media propagandists spin masters can maintain consumer confidence and the leveraged con game of market manipulators make profits for the ruling elite; the game will go on. Using the 2001 recession and stock market correction as the beginning of the current cycle, I suggest the US is much closer to the next recession than most realize or have factored in realistic prospects on how to deal with it. I do not fear the impending debacle because I have prepared for the worse. House paid for, no debt, and survival income sources (1st lien notes on residential realty) beyond that provided by a government, that I know longer trust. Even if the government decided to make ownership of gold illegal like during the last depression, I would not surrender it, lightly. To your question "How to Profit", I suspect there will be so many bargains offered up during the depression (assets selling for 10 - 20 cents on the dollar) that almost anyone with patience and CASH (or assets readily convertible to cash) may enjoy significant profits regardless of how they may choose to invest. At my age, I am more concerned with "survival" than making "profits"; but at the same time I think one will necessarily lead to the other. As stated before, I am shamed that it is my generation that allowed these conditions to evolve and to leave such a mess for the next one to clean up. Having said that, no one is forcing today's pre-retirement generation to live beyond their means. Borrowing money to buy unnecessary "show and tell" symbols of wealth is just plain stupid at any age. Good Luck, SargeK By John Koraska By John Koraska “Getting Ready for Hard Times" debtism.com

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