You decide.
Posted on 06/20/2013 3:28:31 PM PDT by blam
RE: Marc Faber: People With Assets Are All Doomed
And what about people with NO ASSETS?
Soylent green?
If you vote Democrat, the government will give you other peoples money.
So he’s not optimistic, eh?
The music is going to stop pretty soon (probably when Benghazi Barry Soetoro is in Africa), and all the scammers and liars will run for an empty chair in the New World Order Global game of musical chairs.
Obamas re-election was national suicide. I sold all my stocks the day after Election Day. I’ve been buying gold and silver since then.
Just saw this guy on TV. Says to buy gold. Isn’t that an asset?
Hopefully Benghazi Barry will stay in Africa.
You decide.
Didn't he say a few months ago that we'd all be lucky if we only lost 30%?
Sure! ....And when the government runs out of other people’s money, what will those on the government dole do?
Where will elderly widows/widowers on the dole for the youngers’ money be on the list, when the SHTF?
Too many adult children have “invented” grievances against their parents, and are no longer interested in taking care of them. They are more interested in justifying their reasons for eliminating these fragile elderlies from their lives/responsibilities.
After all, the .gov will send them a check, right?
We are failing as a culture, and as a society. It is going to be so ugly when .gov Humpty Dumpty falls off the wall.
Those that stayed in Cash are also in for a surprise... what is left?
TT
Wow for once I may come out ahead, this only seems to affect people with assets.
I think a better question is; Is gold money? I wonder what's more likely: Someday gold will not be able to buy dollars or dollars will not be able to buy gold? I think it's money but right now the dollar debt spear is aimed at our hearts. Federal Reserve note 40 years old; gold has been money for thousands. I think it won't be money in my lifetime but the grands or great grands might need it.
RE: I’ve been buying gold and silver since then.
Well, Gold and Silver prices have DROPPED DRAMATICALLY since.
What’s your plan? To buy more?
After the market get’s over it’s sugar addiction to FED pumping, we’ll be right back where things were in 2008. No one will know what the “real” value is of any asset. The pumping has falsly inflated the value of all assets. Much the same as before 2008 when the sliced and diced Credit Default swaps, and Mortgages obligations that were rated AAA, but were actually debt taken on by the unemployed, and those with subprime risk.
The Market will eventually find a “market value” for assets, but it may be considerably lower than it’s current value.
I don’t know either. Unicorns and rainbows.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.