Good article but I’m thinking that those with ammo are far better off.
The U.S. is on track to become the world’s largest oil producer in eight years and the biggest producer of gas in five, according to the International Energy Agency, which projects energy self sufficiency in 25 years. That remarkable turnaround not only shifts the U.S. relationship with the Middle East but, as economists at RBC Capital Markets predicted in recent research note, will reduce energy imports so far that it will shrink the U.S. trade deficit and eventually convert the current account deficit into a surplus. Inevitably, RBC argues, this will provide long-term support for the dollar.
Only way out of this mess is for some countries to band together and force oil off the dollar. Then the dollar would plummet and the US government would not be able to sell as much debt. Yeah, it’ll be hell here, but we deserve what’s coming.
That’s why I’ve shifted all my funds from aggressive to conservative.
Until these past two years gold was not above $800 and for most of its history was never above $100 an ounce. It skyrocketed these past two years. I will not pay $1800 for gold because when the bubble bursts (because people are afraid now) the price will tumble back down to under $800. I see no advantage there. It happened in real estate and it will happen in gold.
If land prices dropped - remember they can’t make more of it - what chance does anything else have?
I’m going to stock up on plenty of firearms, ammo, food and water. Bury whatever money I have left and just sit tight.