Here is how to prepare for DEPRESSION cruise through it

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Run up a huge debt with credit cards, purchase precious metals with it and hide it. Sell all real estate, unless country land with water and food potential. You can declare bankruptcy because it doesnt matter, the paper fiat money will be worthless. The only key to this is timing, and you need to implement this scenaio in the summer of 2000. Remember stock will hit about 13,000 and gold 180$oz, then max out the cards to about 100,000$ and you will ten plus your money on precious metals. So for all these folks whom say pay off your debt, you are FOOLS, because the US government is doing exactly what i do, except they are to stupid to get precious metals.DONT WORRY ABOU DEBT

-- fred (FRED@NET.COM), January 09, 2000

Answers

What's Wilma think about this?

-- dinosaur (dinosaur@williams-net.com), January 09, 2000.

Sorry, Fred, you are wrong. Of course you may have been speaking "tongue-in-cheek." However, your bad advice may hurt someone who takes you seriously.

-- JoseMiami (caris@prodigy.net), January 09, 2000.

Fred, I think some have already taken your advice, they did what you said about a year ago in anticipation of Y2K. Why do you think so many are pissed about their predicament.

-- Rasty (Rasty@bulldoggg.xcom), January 09, 2000.

Unless, of course, the coming downturn will be chronic rather than acute. Remember, in 1929 the stock market took 3 years to lose 90% of its value after the initial 'crash'. More recently, Japan has been in a nice quiet downward fester for about 10 years now.

My guess is that we *have* mastered the ability to 'manage' a global economy. But we have lost the ability to *create* one. If this economy becomes highly unstable, I'd expect more of an *era* of 'managed' decline, rather than a rapid collapse.

'Demographics' is the unsettling part. The declining population base (in the Western world) taxes my ability to see how we can reverse a chronic downward economic spiral in anything approaching a near term.

Over an extended long term, the need for new methods and structures of operation will probably become apparent.

What can we do to prepare?

#1) Prepare for normalcy as well as crisis.

#2) Invest in the future: a)Make sure the 'kids' not only 'love' you, make sure they *like* you. b)Make your kids powerful. Obviously, points a) and b) go hand in hand.

#3)Grow. a)If you don't have a family, find one. And for God sake, make sure they're your best friends. b)If you don't have a bushel of *real* friends, find some. If you don't know how, see #4.

#4)Study the past. So you can learn: a)What true faith is. And is not. b)What it means to be *really* clever.

Remember: The future belongs to those who can raise children who are vital and creative enough to bring it to birth.

-- tim phronesia (phronesia@webtv.net), January 09, 2000.


Another example of a spur of the moment brain fart.

-- Feller (feller@wanna.help), January 09, 2000.


Well! most thought enlightenment, NOT! Are you Saddam agent? Or Salami smell rotten. Yes, you must be. Book sez.

-- Jezabels (for@thegate.com), January 09, 2000.

Paper money! only is good as peoples faith in it holds strange ,it is fading fast. Let It Die in peace may it never see the light of day again. As you can see I have loss faith in Our money, as It is now. Give me gold, silver.oil anything but paper!

-- ET (bneville@zebra.net), January 10, 2000.

ET: Just went to McDonalds and offered them a bag od gold dust for a Big mac. No secret sauce for me usless I gave them a few George Washingtons!

-- DAVID (tdavidc@arn.net), January 10, 2000.

So you are saying that we should buy gold but not list it as an asset when we file bankruptcy and that we should charge up the credit cards with no intention of paying. Is that right? Are you really recommending that people go out and commit felonies?

What a bright boy you are Fred. Your parents must be so proud...

-TECH32-

-- TECH32 (TECH32@NOMAIL.COM), January 10, 2000.


Wellll, shuuucks Fred,

I'm no Al Greenspan, but my momma told me that during the LAST depression prices FELL (like really, really low), and that if you were fortunate enough to have cash, you were in the cat bird seat.

Are you 100% CERTAIN your advice is wise?

-- jumpoff joe a.k.a. Al K. Lloyd (jumpoff@ekoweb.net), January 10, 2000.



Reminds of a scam some Vietnamese people are running. They get established enough here, run up 200k in unsecured debt (mainly credit cards) and head back to Vietnam to live a comfortable life. And the pisser is the USGovt gives refugees like 5-15k gratis to help them start a business and get set. Not a bad deal eh?

-- sons_of_Otis (dividedwe@ll.fall), January 10, 2000.

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