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Re: The RECESSION of 08, 09, 2010, '11...not much of a limb, but I'll go out on it...
scary ...but I agree with Michael , on some points.
no income tax would free the capital to do what it 'should' do ...be re invested ...
ok...so you are one of the Boomers, gonna take your money out of the market and retire...what you gonna do with your moolah ? put it in the back yard ... and watch it depreciate ? buy real estate and rent out apartments to the unemployed ? condos in the bahamas ? (probably a better market than rentals locally )
really....what do you think these boomers are going to do ? move over seas? go to mexico ? lots of options
one thing you can count on is to put your money in the commodities that are 'required' by a nation to survive...bread, water, and oil..
sell those products that are valued in US Dollars...the dollar is kaput ...cant be salvaged...until the world markets subscribe to it again ...talk is that the oil will be valued in EUROS..to stabilize the price...
When American wake up and smell the coffe , it will ,,,,or is all ready ,,,too late...so ,, best to get on the gravy train, if you can , get all the govt business and grants available, get the cash , buy oil futures, sell treasuries, and go get some more grants ....GREEN grants ...are hot and also politically correct...
this world is on a very think ice....one bomb in the US...or Iran ...and oil is through the roof...with no alternative market products...
Ol Paul is the only one with any real solutions, but the American People do NOT want solutions, they want this to continue as evidenced by the re election of GW...
oh well...got a little off my chest, but it doesnt do any good...the MASSES of americal believe that 'They" are special and exempt to the trouble headed this way that can NOT be avoided...
ps...any women in america who do NOT set up a biz as a MBE and access all those govt contracts that are set aside JUST for you are desparately in need of adult supervision...
GOD better bless America since the politicians in power are doing their best to destroy us....
May your days be filled with Awe and Wonder.
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