Thread: Finance Crisis
View Single Post
Old 09-17-08, 11:53 PM   #34
Happy Times
Ocean Warrior
 
Join Date: Jun 2005
Location: Finland
Posts: 2,950
Downloads: 10
Uploads: 0
Default

Quote:
Originally Posted by Happy Times
Quote:
There is a superb history book aboiut the link between economy, military spending and state of a nation: Paul Kennedy: "The Rise and Fall of the great Powers. Economic Change and Military Conflict 1500-2000".
Great book indeed.

I just think present situation has other factors also. But searching what to blame just becomes irrelevant, when people have to survive trough this. I spent last day sitting down with my father and brother, talking honestly about each others economic situation. We made plans and promised to support each other if need be. This was just in case, because people, do not underestimate the seriousnes of the situation. Do not keep large sums of money, atleast in the bank, keep cash home, trade it to something that keeps its value or make a long term investment(careful).
EU isnt immune and if i lived in US, i would prepare for the worst case scenario.
People take insurances normally from a company, but if you cant trust the company to even be around long, you have to create your own insurances. Food and other essentials, physical protection of lives and property(guns, security), something that doesnt loose value to trade with(gold is the best).
Now someone might laugh, but if the threat realizes itself, you will be the one laughing.
I just hope all the Subsim people get trough this and lets hope/pray that we get a small miracle, just dont leave it to just that.
My gold is going up. Its not too late people to get some today, move!
WaMu, AIG, Wachovia and Citigroup are on danger, its not just the investors. FED has used half its capability, it cant save all! Its hyperinflation or recession! You dont want to be the last in line of a bank run! Finland had a Great Depression size depression in the early 90s. FED people have been to Finland to study how that was hadled. One way was establishing a "rubbish bank" where all the "rubbish loans" were gathered. But we still have people who are affected by those times!
__________________
Happy Times is offline   Reply With Quote