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April 30, 2013
The United States is broke — fiscally, morally, intellectually —
and the Fed has incited a global currency war (Japan just signed up, the Brazilians and Chinese are angry, and the German-dominated euro zone is crumbling) that will soon overwhelm it. When the latest bubble pops, there will be nothing to stop the collapse. If this sounds like advice to get out of the markets and hide out in cash, it is. Sundown in America - NYTimes.com
Posted by gerardvanderleun at April 30, 2013 10:28 AM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
If you do not completely understand and agree with that statement, you are lost and clueless -- a low information citizen -- or a complete moron.
Posted by: Fat Man at April 30, 2013 12:40 PM
I agree, people need to FLEE the stock market, and do it yesterday. The problem is I can't think of any better investment right now; gold is way overpriced, maybe salt?
Posted by: Christopher Taylor at April 30, 2013 1:48 PM
Will the cash (fiat money) have any value after the collapse? History says no.
Posted by: BillH at April 30, 2013 2:07 PM
I fear when the next one hits, people will long for a depression.
Posted by: Christopher Taylor at April 30, 2013 10:16 PM
Don't forget, and worst of all, we're broke spiritually.
Posted by: Denny at May 5, 2013 3:20 PM