Words of wisdom for these dangerous times

Hi,

The following isn't my wisdom (I'm not that smart--yet--in financial matters). I saw it on another forum.

[quote]

Here is my contention, if you get out of debt and put your excess funds into real assets that can produce cash-flow, then you will be on top when all these claims are settled. [Note from Boyd: what the author means by 'claims' is that Americans have claims to more wealth than actually exists.]

The reason for that is because you will have invested in the real economy. You can also put some assets into gold and silver because those assets will hold value irrespective of the other settlement process taking place. If you put wealth into any kind of debt obligation including a bank account or FRNs [Federal Reserve Notes] in the drawer, expect to have it revalued in some fashion. However if you own part of a debt-free positive cash-flowing business that produces something the economy needs, you will be in good shape. You can find companies like that on the stock exchanges or you can find them in your community if you look around.

[unquote]

Hope this is helpful in some way.

Best,

- Boyd