Below are good summaries of what the world is seeing and doing as the Dollar collapses as the world’s business currency. The BRIC countries are moving quickly to create their own currencies and using Gold, Silver, Bitcoin, and Oil/Gas to bolster their strength. The US dollar is certainly being dropped quickly. If you still haven’t moved your money into Gold, Silver, oil, gas, and maybe….. Bitcoin (I myself still twitch slightly at this idea), you may want to do so this week. Gold, silver, gas and oil are still going to be the best bets I think.
Anyway the US economy is about to finally stop the 2 year down hill roll, and go 90 degrees off a cliff soon. All the economic alarm bells are sounding so we shall see. Either way buckle up frens. Aug. and Sept. are going to be very hot. May God protect us all and give us strength to weather the Storm.
https://indianexpress.com/article/world/us-recession-alarm-wall-street-8044870/
It HAD to be this way... The pain will hurt, but it won't last forever.
Correct. People who aren't cashing out their 401k and converting them to physical silver/gold are not going to become bankrupt.
Maybe for a while but after the storm, people will get their money back.
It's like some people on here don't understand there's a plan.
The companies that people are invested in produce goods and services. Whatever happens to our currency, your stock is still worth a portion of the company.
True, but a lot of people have sold almost all their stock since the market is crashing. Also those who are in retirement have their 401k in cash since it's too risky at that age.
Unless I quit my job I can't cash out my 401k so putting it into cash was the best I could do to protect it before it started crashing.