Quote:
Originally Posted by Edward Anglin
We will experience hyperinflation, but not until late summer/early fall.
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Quote:
Originally Posted by mizpeh
Time to buy gold and silver?
Why save if the money we save will be worthless?
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Quote:
Originally Posted by Edward Anglin
Now is not the time to save.
Now is the time to pay off everything you possibly can.
Eliminate debt.
Make it your goal to "owe no man." Those with debt are gonna be in a world of hurt as this economy sinks further into the abyss.
Now is the time to store up some things you know you will need over the next two years.
We are just now through the initial phase of this collapse.
This is going to get much, much worse.
2009 will go down in history as the year America lost its way.
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I would largely agree with this.
I too was blown off and called an alarmist when I stated over a year ago that a 14,000+ DOW was insane, that it should not be over 7,500, and to buy bullion, invest in the Yuan, and energy stocks. Anyone following that advice would have made a killing.
There are two more disasters which will hit before hyper-inflation does.
Wife yelling to head out door. Daughter's school choir program tonight.
Will post about the other two (BOTH
bigger than the sub-prime mess) when I get back.