Monday, July 21, 2008

Good advice but this time there's a kicker

"The people who survived the Great Depression were the ones who had money to buy when everybody else was selling." -- Glenn Beck's grandfather
This time it's different...
The last time the entire world economy had this kind of economic paralysis was in the 1930s during the Great Depression. At that time, the USD was not on the verge of a collapse. This time the USD is on the verge of a collapse, or at least a major devaluation. That means that the US has far less latitude to do fiscal stimulus and bailouts to combat the present economic emergency spreading over the world.
Link.(Highly recommended)

What will you use for 'money' when all the world's monopoly money is crap? Who would want the stuff in trade for anything of value?

Gold (and silver) will have no 'value' against those worthless pieces of paper, which will destroy them. Then gold will literally be "priceless" against them.

Will gold and silver be The Last Currencies?

Anything less will be far worse.

Far out, ain't it...the thought.

You decide.