The Economy And Your Livelyhood. Options

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As many of you may know, there is something going on. Even if you know nothing about the economy, you've seen the increase in price of gas, and likely the price of food has affected you as well.

As a member of this forum, I feel I should share with you what I have learned and what I think you can do to help yourself. First of all, don't ignore this. You should do your research and look into what is going on. Don't fall into the thought process that this is beyond your understanding, or that "they" will never let things get out of control. Things could get very bad at an accelerating rate. You could see your wealth and standard of living plummet very quickly.

The big picture is quite controversial, and I'll gladly expand on it if there is interest. But to sum it up, inflation and oil prices are one way the Federal Reserve is taking what they can from the people of the US. This topic borderlines on conspiracy, so I'll skip this for now.

Even if there is no conspiracy, it cannot be denied that the Fed, along with the US Government have screwed up. The US is in a state of massive debt, the credit market is collapsing and so is the US dollar. It's unlikely (nearly completely impossible) for the US dollar to be saved. It will continue to plummet towards zero in the next few years. Even if polices were put in motion to save the dollar, the economic outlook for the next five to ten years (maybe longer) is VERY grim.

I don't want to make this too long winded, so if there are questions or interest in this topic, I'll post back.

To secure your future, I strongly suggest:

1. If you are in debt, get out as fast as you can.
2. Start saving. Don't buy that new wide screen TV, stop eating out, and buy only what you need to survive. In effect, lower your standard of living as much as possible and save.
3. If you have investments, GET OUT of the US market. Do not invest in anything that is directly tied to the US.
4. If you can invest, invest in commodities, like gold and silver (that historically retain their value). Even food stocks. Be wary of oil, as the price of oil is likely highly manipulated. (Hard to say).


Please post any questions or criticisms.

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Gold up another $300 -$400 or so since I posted here last.

my point is people have been saying the economy will completely collapse "very soon" for years (and not just the 3 years of this crisis, its been going on for as long as ive been old enough to pay attention)

Baby boomer generation? Sounds like my parents. Things were supposed to collapse in the late 70's and didn't, but things are much worse now. that should be obvious. It should also be obvious that just because something hasn't happened in a few generations doesn't mean it won't ever again.

well honestly im getting sick of waiting, will someone kick the stool out from under the economy already?

Your wish may come true, unfortunately. http://www.zerohedge.com/news/sp-downgrade...ative-full-text