OK folks, tell me, are there any safe havens to put one’s money in?
Stock Market? CRASHING.
Bank Deposits? Yielding nothing ( and inflation eats up your savings ).
Money Markets? The same.
Gold and Silver? See Stock Market above.
Treasuries? See US Debt and Bernanke QE1 2 and 3.
Housing? (Well that’s the only one that seems to be recovering, but Obama again wants banks and the FHA to provide loans for those who can’t afford to buy homes ).
Mattress? (See Bank Deposits ).
So where to go?
NWO knows some simple basics that they take great care to exclude from public school curricula.
One is “possession is 9/10ths of the law”.
If you own a local business, that gives you much better possession than having the assets you own in a government-regulated account for which you receive a monthly statement of your ownership position.
One day you can get a statement that simply notifies you that your assets have been confiscated.
“So where to go?”
My strategy? Hard assets. Paying off my farm ASAP. No car payment. No CC debt. Stockpiling ammo (when I can find it), canned goods and potable water.
Buy land, for cash if you can.
Lather. Rinse. Repeat. Works in Good Times and Bad. :)
Welcome to the economic depression. Now we all know how it feels. It is not very comfortable, is it. We are all just guessing out our butts and trying to hang on.
Since 2008 my SINGLE question has been, does all this end in deflation or severe inflation. If you can answer that question, I can tell you where your money is safe.
For the life of me, I can’t answer it. Everything is and has been pointing to deflation. But the fundamentals of debt and Fed printing look like severe inflation wins in the end.
I guess you can position for both deflation and inflation and hope that when you get crushed by one, you will be offset by your position in the other. For my part, I’m baffled.
I know only one thing. I have ZERO appetite for risk. I am constantly concerned about return of principal, not return on principal.
I didn’t really answer your question because I can’t answer it, because I am still a confustinista regarding the only question that matters. “Does this end in deflation or severe inflation”. I would give half my net worth to know the answer to that question, then laugh all the way to the bank.