“I really am not sure what currency is investment worthy. The whole world’s economy is in some way connected to us. We fail, the world has big issues. Barter system? Gold? I really have no idea.”
Blogger, if folks were honest, they’d admit they don’t know either. I don’t know if anyone knows how this will wash out. I don’t know what to do with my money. Right now indulgence sounds pretty good! lol
What I will do, as my CD’s mature in a few days is tell the bank...”No, sorry, give me the cash. You charge people 20% interest and want to give me 1 1/2 % to lend them MY money?”
Not gonna play that game anymore while taxpayers bail out the bankers. BAH!
Well, you could do what a lot of other suckers are doing and buy T-Bills with 0% yields. Lending your money to the same idiots who caused this problem for a zero rate of return is now being called 'safety'.
It's bizarre.
Or you could take the cash, lock it in your safe, and watch as deflation temporarily increases your purchasing power.
Personally I think the currency of the future will be the calorie. That's where I'm investing the Lurker family fortune.
L