Thread: The Next, Worse Financial Crisis

Brought to you by a Glenn Beck fan, obviously.

News flash- The world ISN'T about to end, and yes, America is the greatest nation on earth.

LOL

Don't drink the cool-aid CB. Although, if you are right there will likely NOT be anyone around here to tell you so as they will all be running for cover....

I have been seeing more and more apocalyptic predictions lately which always happens in an economic downturn. I am still waiting for that nut who predicted the rapture to be right. I could really use a new car, well previously owned but new to me car :toung:

Originally Posted by CountryBoy

Sorry to be gloomy, but there it is.


I know I'm pushing on a rope, but it's hard to just sit here and at least not try and give ya some idea what we could possibly be facing. As for me, I'm going to retire to my debt free refuge and watch the SHTF.

Good Luck,

CB

CB, you and I are the type that would have been telling people for years that if a hurricane hits Louisiana the damn would break and New Orleans would flood.

Strangely and unfortunately warning/advice based on facts fall on deaf ears. People commonly can't/won't accept the reality of anything they consider "gloom and doom" so they group together in denial............When Katrina arrives anything you have forewarned is long forgotton and worthless information. And the cycle continues until in our economic situation we become Greece.

I might be coming back to Ohio in the near future. I have an Aunt in Athens (Ohio) that may not be around much longer. I will PM if it looks like I am headed that way.

Scrappy

Regulation of the banking industry seems to be a taboo item for both democrats and republicans. Inside Job and Too Big To Fail both cover the problems very well, especially Inside Job. I would highly recommend both of these.

Looking at the analysis, it appears if we brought back Glass-Steagal we would avoid this next cited financial crisis. Regulation of the banking industry, well, I think the approach has been a bit strange - with the debit card fee issue coming first, but it can happen - banks are screaming on this one and spending lots of money on advertising and they did get the cap changed, but there still is a cap.

As for the other things happening at the same time, how about the leasing of federal land for oil development (as if it was the same as ranching)? Federal land has always been a problematic item.

Sounds good on the PM Scrappy, we could meet somewhere for a meal and you'll be able to judge for yourself if I'm the wack job folks think I am.

I don't care what folks think about me or what I think. I thought the article had some interesting points, but they'd rather kill the messenger. Lets see, based on what I think will happen, I have no debt, new roof, new AC/Heating, new windows and new siding and 40 acres of woodland and timber. That's just the superficial preps.

If the evidence of the past 3 years and todays unemployment figure have me thinking that we may be in for some hard times and my priorities put me in the position I am now, well I'll take that anytime. I'd love to hear others positions and how they got there, because I'm always open on how to better prepare for hard times, but then maybe most don't think we are not in for hard times. I hope they are right, but either way, I feel good about the position I've put myself in.

I know it's falling on deaf ears, so I'm assuming that they believe we walk away from this unscathed and either don't have to prepare or are better prepared than I am. PM me if ya come up this way, cause I won't be posting again, because of all the know it alls and the way they have put thems elves in a great position to weather the maybe bad times coming. Things haven't changed at all. I thought they might have changed somewhat. Everyone still has the same opinion. After getting away from the hubris, and yeah I was a big part of it, I've come to realize thru researching and study that both parties have the same final goal, just different approaches in getting their. I don't know what I was thinking believing that folks have researched what we are going thru and realize we've been scammed since at least 1913. So I'll not waste my time or breath trying to explain my POV, deaf ears and all.

No need to tell these folks GL, cause they're in better shape than me.

See ya around the food lines. Good luck to you Scrappy and my friends who realize that both parties are just as bad.

CB

Hey CB - it is good to hear from you, and to realize that you have followed through with your goals.
Other than be debt free, including your home, there isn't much else some of us can do; and Dave Ramsey along with multitude of others have been pushing that for quite some time....
-talk to you later - grandma

-are you answering your pm's?

Originally Posted by James48843

Brought to you by a Glenn Beck fan, obviously.

News flash- The world ISN'T about to end, and yes, America is the greatest nation on earth.

I hope the premise is wrong, but there's nothing wrong with being out of debt and owning some hard assets. As they say, better safe than sorry. They said the Titanic was unsinkable. Better bring a life preserver - just in case.

Originally Posted by tsptalk

I hope the premise is wrong, but there's nothing wrong with being out of debt and owning some hard assets. As they say, better safe than sorry. They said the Titanic was unsinkable. Better bring a life preserver - just in case.

Not to worry. If things get really, really bad, I know this guy who owns an art shop out west that we can all go hang out.

So is it stupid to have money in the bank? What if I owe a mortgage? What hard assets should I obtain?
I am not being sarcastic I would like to know. I have very little cc debt, no car payments. And I dont trust
politicians further than I could throw one - so I am not wearing blinders concerning this subject.

Originally Posted by FAB1

So is it stupid to have money in the bank? What if I owe a mortgage? What hard assets should I obtain?
I am not being sarcastic I would like to know. I have very little cc debt, no car payments. And I dont trust
politicians further than I could throw one - so I am not wearing blinders concerning this subject.

Here you go....Just stash your money offshore.
http://themoneyfile.com/2010/08/29/t...ash-your-cash/