I bet I know Shelly's response. And what do you think the Fed does tomorrow. Cut a quarter point and be done cutting for the foreseeable future ? It seems as though most of the Bank write offs could be behind us as far as the toxic paper is concerned. At least in America......don't know about the rest of the world.
Dear goofer44,
Thank you for this question. It is a question that deserves an answer. Is the worst behind us? NO, it has not even gotten bad yet. We are in for an economic meltdown that has not been seen in almost 78 years and we all need to be ready to prepare for the worst.
What should we do? Stock up on canned food and rice, flour, cooking oil.
Go and buy some fishing line, hooks, water filter systems, and get some seeds to plant a garden for your family.
Make sure the seeds you purchase are heirloom seeds so that you can get seeds from them and look into purchasing solar energy for your house if you can.
More than anything, watch your money and think about buying that new car and pay off all your debt. Be informed would also be a good idea and start thinking about your community.
In the depression, people survived because you could count on your neighbor.
Buy a gun and plenty of ammo! When the bottom comes and it is my belief it will come, have something that can protect your family from those who have not prepared.
If I am wrong, you got some fishing equipment you have been wanting to buy and a gun for protection and some food to feed your guest that come down to see you, but if I am right you and your family should have a fighting chance.
This is one time I pray I am wrong and would love nothing better than to be teased about in the future about how I was wrong, the problem is, I don't think I am painting the picture as bad as it is going to be.
{{Aleonard, I brought spam samiches to the luau