I, like you, am just an average citizen, although I do find the subject of economics fascinating.
You will find so many different views on these things that it will make your head spin! After all is said and done, though, nobody can predict the future. As someone else here said, the best thing you can do is live within your means and store up what you can. I do not think that living out in the woods with a stash of dried food is any way to exist, though. Nothing in this world will ever provide perfect security.
One site I find interesting is zerohedge.com. I probably don’t understand half of it, but it is a lively discussion of current issues in economics. Another is The Foundation for Economic Education at http://fee.org/
Also, some good books: Economics in One Lesson by Henry Hazlitt; Basic Economics by Thomas Sowell; The Road to Serfdom by F.A. Hayek; and The Joy of Freedom by David R. Henderson.
Freegards,
Pining
Pining,
Thanks so much for the websites and the book recommendations! That is very helpful.
We live way below our means, have no credit card debit, one auto loan due in 24 months (wonder if we should just pay it off?), house will be paid for in 9 years....have guns, ammo, silver and food stored away.
I’m just worried about my cash in the bank and our kids’ investment accounts. I’m wondering if I should start the mattress savings plan. Although, with the value of the dollar dropping, not sure if that would be any good either.
Thanks again - I really appreciate your input!