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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: westpacific who wrote (3587)12/18/2003 9:49:34 AM
From: Condor  Read Replies (2) of 110194
 
The economic meltdown would flatten the world's economies like flower gardens in a hurricane.

This where I get a little lost. So everything goers to hell in a basket....where is refuge? I need a plan. In the event described I see cash as king.....interest rates will zoom and stay up making interest income attractive? Eliminate personal debt. Hold gold or gold producer equities. Energy demand may relax since economies are deflated and production is idled. Therefore energy and base metals may get whacked also?

I guess I'm looking for "a protective plan" and a "what comes after" vision with regards to personal economic functioning in the imploded/deflated world. In my assessment, gold at some point after the implosion would have to be converted to ??currency for practical useage. Hence...what currency? Any thoughts or discussion from all here would be appreciated.

Cheers

C
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