Economic Colapse from Derivatives?

Discussion in 'General Discussion' started by Clyde, Sep 25, 2006.

  1. Clyde

    Clyde Jet Set Tourer Administrator Founding Member

  2. phishi

    phishi Psy-Ops Moderator Emeritus Founding Member

    I think its a good reading for all.

    Currently my stock investment is so low that I could take the hit if something happened. I probably would not even notice that the hit had occured.

    What this article is saying is that there is potential for trouble that would be noticed by everyone. Not just guys that invest, but folks that don't even know what the market is. This is a potential system wide collapse that would be felt by everyone, everywhere.

    How do you prepare for that?

  3. Clyde

    Clyde Jet Set Tourer Administrator Founding Member

    The preparation is simply what we have been talking about. Land..home...self-sufficiency. I believe this is the core. If your not relying on the outside world when/if this happens, you certainly are going to be far less affected by it than those living day by day from the grocery store and those neck deep in the stock market.
  4. TnAndy

    TnAndy Senior Member Founding Member

    To me, it's a toss up as to which one will get us.....a derivative meltdown, or the compounding effect of interest debt on the national or personal levels. But I don't believe our current economic setup is sustainable.

    I've always believed and preached that personal preps come before any kind of money isn't going to buy you food, water, shelter or the arms to defend the others IF TSHTF. So before I spent a minute worrying about the financial markets, I'd be working like a madman on personal preps.

    THEN, if you find youself in a position that preps are pretty well covered, and you have extra FRNs to play with, start dealing with the markets.
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