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02-11-2010, 02:15 AM | #1 | |
*****
Posts: 15,731
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How to invest for a global-debt-bomb explosion
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02-11-2010, 03:28 AM | #2 |
The Man of Tomorrow
Posts: 26,965
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gold and a gun. I dont know, wheres Omega at.
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02-15-2010, 06:53 PM | #3 |
Apocalyptic Poster
Posts: 2,559
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Part of me wants the US to split up. I don't know. I just think the country is now too big to take care of itself.
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02-16-2010, 10:44 PM | #4 |
Saturday Night Goth
Location: POLLOS
Posts: 9,253
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02-17-2010, 09:20 PM | #5 |
Banned
Location: stay, far, away
Posts: 8,986
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consensus on this article over at ZeroHedge is that Farrell here is a little off in some of his reasoning. However...however, however -- It's still a major publication (Wall St. Journal) publishing an article which just a few years ago would have seemed fringe. The meter has shifted, there's a new normal being established.
The fresh buzz is "Peace Wars": China says they gonna build 18 or so new Nuclear Reactors. Obama reacts by saying maybe we'll build 2. China says they gonna build 1800 miles of hi-speed train tracks. Obama says we'll go about 200 miles. ... At this rate the Chinese will be dancing on the Moon while Americans will be living in poverty paying off Goldman's Sachs induced debt. If GS still want their puppets in office, they better get better at this Peace War thing or the elections of this year will be a bloodbath. |
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02-17-2010, 09:31 PM | #6 |
Banned
Location: stay, far, away
Posts: 8,986
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If you want to hedge the debt-bomb possibility buy Brass, Lead and Toilet Paper while it's cheap. In the event of a major meltdown, you'll be the king of your block, and you'll be able to barter the TP for just about anything.
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02-18-2010, 12:27 AM | #7 |
*****
Posts: 15,731
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I have a years worth of food stored up, guns, ammo to last a decade, water purification system, two generators, a good horse, all at a secret location for when the shtf.
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02-18-2010, 12:40 AM | #8 |
Socialphobic
Posts: 11,831
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BUY GOLD
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02-19-2010, 12:35 AM | #9 |
Apocalyptic Poster
Posts: 2,324
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SELL HIGH
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02-19-2010, 05:34 AM | #10 |
Minion of Satan
Location: Well, if it isn't my old friend, Mr. McGreg, with a leg for an arm and an arm for a leg!
Posts: 6,411
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Guns made of gold, that's two birds in one stone. I don't know if the bullets should be gold though, I'm guessing most of the people we shoot in the future will travel in groups and we won't have much time to retrieve the bullets from their cold, dead bodies. Also with gold in gun form, people will think twice about trying to take it. However, whenever you try to trade your gold for goods, you'll be giving someone a weapon and they might immediately turn it around on you, so there's something to mull over.
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05-07-2010, 07:42 PM | #11 |
Amish Rake Fighter
Posts: 6
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i dont understand buying gold. its an inherently low value metal, that people (if they had to) could smelt out of landfills full of old computers if they had to. it has been skyrocketing in value for the last few years... dont most investors say 'buy low sell high'? well gold is at a huge, unbelievable high right now, is it not? and if some hedge fund needed liquidity, well, i would wager a bunch of these funds have bought gold when it was low because they saw this crisis coming (sort of like they bought bets against the housing market... they could read the writing on the wall in 05 and 06). so if these guys need some cash, they just sell their gold all at once, dumping it on the market, and destroying the value overnight. what good is gold, in and of itself? its like diamonds. i just dont get it.
"At this rate the Chinese will be dancing on the Moon while Americans will be living in poverty paying off Goldman's Sachs induced debt." most chinese will probably continue to live in poverty, considering that there are no labor unions or free speech rights, which are what allow a middle class to exist. imho |
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