This is the first thread I've seen in 10 years that is unanimous that the economy is in real trouble.
On another note, do any Freeper financial experts have any investment suggestions in a climate like this?
Perhaps a few replies on the thread dealing with real estate opportunities, bonds, interest rates, and flight to safety were missed.
yitbos
It’s starting to sink in that something bad is happening. So far it’s very abstract for the majority of Americans (except for the gas prices and perhaps foreclosed homes) but it will get very real soon.
Yes. Buy gold & silver (Everbank offers those accounts.) Gold will stay a valid currency regardless of rise and (mostly) fall of fiat monies. Euro and other paper will not survive the crash of the dollar; the only difference will be in the exact count of sacks of bills you need to buy a loaf of bread.
But, as a disclaimer, you’d be insane to blindly follow any investment advice seen on the Internet.
I would suggest it, but then I will be paying more for heating oil and gas...
I’ve seen a LOT of these “end of the world”, “Great Depression”, “the sky is falling” financial threads on Free Republic since I started reading here in 1998. Eventually several posters would chime in that it’s “not that bad” and we’ll be just fine.
This is the first thread I’ve seen in 10 years that is unanimous that the economy is in real trouble.