If we think (and there have been numerous posts here to support this idea) that all major banks are going to fail because of over-investing in derivatives, what should we do if we have money in those banks? Pull it out in cash? Convert it to silver or gold? Put the cash under our mattress? And will cash be worth anything?
So if we have cash in checking or savings with a bank, how can we protect our assets?
Builders going under? What about in the areas that seem to be booming in population growth and real estate sales?
I concur; building is happening in my area now, but they're still all reliant on supplies, which is reliant on transportation.
These companies are on shaky ground. There is no way I would consider building atm. There will be no warning as a lot of builders take on work, take a deposit, then cannot get supplies. Then it’s like a pebble being thrown on a pond. If fuel keeps moving up - especially what OPEC did yesterday - then supplies will grind to a halt. Things might seem all roses but it’s a just a facade.