So here we are...Income tax return time!!!

[David88vert]

The old way the market worked, I would agree. But now that the government picks the winners and losers... Nothing the stock market does makes sense to me anymore. I truly believe they are doing nothing but preparing to steal your wealth in order to pad their pockets when it all comes tumbling down. Look at the debt America and the European countries have racked up... There is not enough money in the world to pay that off. I do not however, subscribe to the Chinese ending up owning everything. I think they are in just as bad shape as we are, but since they are a Communist dictatorship their books are not open like ours are.

LOL, not too far from the truth. And I'm OK with that.

It doesn't make a difference who is in power. The transactions are just a movement of power from one individual or group to another, and the power is just the ability to get others to do what you wish. The transactions still exist, and you have to look for ways to take advantage of them. The debt of countries does not matter in this case, as you can look for way to take advantage of transactions anywhere in the world. Even if the entire world's economy partially collapsed, that is just an opportunity to get investments under their normal value. Look for any transaction, in or out of the market, that you can gain something that is currently undervalued, but is unlikely to stay undervalued long-term.

[Echonova]

Partial collapse? If America goes, who will (or can) save us??? Don't misunderstand... America will still be here (I'm not THAT crazy). But financially as a country we are headed down a road that only leads over a cliff. More over, for the righteous indignation of the selfish generation that has been raised, will make sure of it.


So while macro-economic theories still hold water, most people will be just looking for food. Never fear though... Our Government is sure to take control of the emergency and implement measures "for our own good".

[David88vert]

Partial collapse? If America goes, who will (or can) save us??? Don't misunderstand... America will still be here (I'm not THAT crazy). But financially as a country we are headed down a road that only leads over a cliff. More over, for the righteous indignation of the selfish generation that has been raised, will make sure of it.


So while macro-economic theories still hold water, most people will be just looking for food. Never fear though... Our Government is sure to take control of the emergency and implement measures "for our own good".

The world has tied into the US economic system. The US is still the world's strongest ecomony by far. Even with a partial collapse, the entre world would suffer the same, and the US would recover more quickly than any other nation. Just look at the housing bubble, that is small scale. The better areas lost less value, and recover quicker.
Holding onto paper money is one of the worst ideas - it makes no interest for you, and it is one of the easiest things to devalue. Gold is so high, that it has only one way to go - down in value.

Look at history, specifically the Great Depression. IF we came to that again, look at what was of value - land and purchased goods. People grew their own food, but would trade their land in small parcels for goods that they needed. Notice that it was only about 10 years - that is a short time in the stock market. Invest in undervalued items - anything that is likely to go up in value and become more desireable.

[Echonova]

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