I’m telling you, when the Euro goes, we’re (The U.S.) done too. Most people in America don’t believe the U.S. is tied to the European economy. Maybe they don’t understand, or don’t want to understand, or admit it, but if the Euro goes south, we’re all fucked. This is some Bad Bad Juju, and if I were you, I’d be looking at your options. Now! I’d get some cash now, rather than later. If you leave it in a bank or lending institution, you’ll most likely get fucked. I know many people believe “it can’t happen here”…those people are smoking crack.” Think about an exit plan. I’m serious. When our economy hits rock bottom, you’re fucked. Just sayin’. You’re gonna need what money you have. Get it now while the getting is good. I know some people who say they won’t pay the penalty for an early distribution. Fuck that, it’s the cost of doing business. Get it now, or lose it. Fuck, you can always take the money, and deal with the the tax later. Times have changed, and that means people must change, and put things into perspective, so to say. Hell if I know, but I’d rather have gold and silver and gems than money in the bank. The banks might fail! I’m just sayin’. The more money 0bama prints, the worse it gets. He and his Mob will crash the U.S. economy before it’s over. We’re headed for dangerous times. Move your money and buy some more bullets, because when it bottoms out..people will try to take anything they need by whatever means they have. It will get violent then.
Fuck it, I’ll meet you at the club for drinks and dinner, and let the “small” people take care of it.
You should read this: Just for the hell of it.
12 Comments
I wish I had the money to buy more bullets…but I’m right there with you on this…
I wish I had crystal ball.
bad bad juju:
nice post.
the post at the link is really scary. and, it just backs up my opinion that the germans are in absolutely no position to buy up anyone else’s debt.
it’s sink or swim time in the european union, and most are gonna sink. i can just see the “rush” of the euro union countries to schedule the referenda that will impose the austerity programs the euro union regulators want to see.
where’s the “sugar,” as in a spoonful of sugar make the medicine go down, the medicine go down. my feeling is, the euro union collapses when the member states will not undertake the resolution of their own debt problems.
john jay
http://wintersoldier2008.typepad.com
We’re teetering on the edge of a cliff, for sure.
Ditto, bro.
Sad, but true.
I remember when the EU was established. My dad was reading about it, and said that the Fourth Reich happened right before our eyes. Germany may not be able to bail out anyone, but they sure are in a position to take over certain areas…..
I remember as well, and your father might be right, I hope not, but he might be. Just like China, Germany can take over certain areas without firing a shot.
One reason to owe no bank. EVER!
If you do (as do most of us) you better do something about it. (Pay it off, ideally, let it go, thru bankruptcy or foreclosure, or make double damn sure of your ability to continue payments)
Personally, I’m opting for older house and land, picked up from a foreclosure, with good water, grass, fruit and nut bearing trees to be paid off soonest, while trying to sell my even or, more likely, upside down home in the suburbs. Alternative plan, lease with option to buy the currant home to best prospects to come by. No more debt for me……..even of the so called good kind.
God, Family, hard work, hard money, self-reliance. Then help your worthy neighbors. Non-worthy need not apply.
The new reality will be labeled as harsh. Firmness will be necessary to prune the dead wood, drag it to the trash heap and burn it, making sure to get every little piece into the fire.
I agree, now is the time to clean up all of your bank debt.
We are going so far as to liquidate 401K & IRAs to pay down mortgage before “confiscation for redistribution” or before lose all of their value. Scary, hard times to come. Frightening, really.
That’s probably good idea, and it’s frightening. I never thought I’d see times like this. If people wait, they’re probably going to be on the outside looking in…and that will be a HUGE problem for all of us. You’re not alone…I know many people who are doing exactly what you are.