I think the “if’s” are over. It IS going to end badly, and I don’t think a lot of folks can comprehend the magnitude of it. Romney, of course is much better than what we have now, but he can’t stop it,either.It’s been too long in the making.I have two thoughts about these last days before economic collapse. Should one “hunker down” and severely curtail spending in order to conserve everything he can, Or buy everything he might think he will ever need and stretch his credit beyond his limits, and just try to struggle and pay on it as much as he can until everything does collapse? Many of those things won’t be there to get then.By spending now, it would help our failing economy, too,IF everything wasn’t made in some other country. Since the world hasn’t yet been through a situation like what is coming, What are the answers?
>> Since the world hasn’t yet been through a situation like what is coming, What are the answers?
I sure wish I knew, FRiend. Personally, over the long haul I don’t see any way out besides some form of currency debasement; that argues towards putting yourself in “hard assets”, which means different things to different folks.
But how long before the debasement scenario takes hold and plays out? Anybody’s guess, and between now and then the current period of essentially deflationary behaviour could be prolonged.
I can tell you what I’m doing personally: moving to the country and buying the tools necessary for “country life” as I can afford them. Think dirt, tractors, implements, energy; I’m not a big believer in the full blown “stuff hits the fan” scenario, but it does seem sensible to me to get a *little* better control over my food, my water, and my space.
Good luck, and FRegards. And if you discover the real answer, please let me know right away! :-)