To: politicket
The bank failures are going to seem small potatoes once the derivatives market starts unwinding. What can folks do to protect their assets?
10 posted on
07/11/2008 4:28:20 PM PDT by
Fury
To: Fury
What can folks do to protect their assets? Commodities. Own the oil well. If oil wells are nationalized, you will own the shirt on your back.
18 posted on
07/11/2008 4:30:26 PM PDT by
RightWhale
(I will veto each and every beer)
To: Fury
What can folks do to protect their assets?
I only play an investment counselor on TV. Seriously, my family went to cash last December. We're losing money due to the devaluation of the US Dollar, but not like we would have lost if we stayed in the market.
The other thing that I would recommend is to prepare your household for an economic collapse. I'm not saying that it will definitely happen, but you don't want to be making plans the day it does. We're raising chickens and growing quite a bit of our own produce. Keeping the ammo stocked probably isn't a bad idea either.
P.S.: This has nothing to do with the upcoming election - even though there are many on FR that will tell you that. It has to do with many bad financial risks and decisions that are rapidly collapsing.
To: Fury
It’s a great time to be broke!
45 posted on
07/11/2008 4:44:24 PM PDT by
RockinRight
(I just paid $63 for gas. An icefield in Alaska is NOT the Grand Canyon. F--- the caribou.)
To: Fury
Turn it into cash, stuff it in the mattress and sleep with a shotgun ;-)
135 posted on
07/11/2008 5:47:09 PM PDT by
neefer
(Big city turn me loose and set me free.)
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