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Jims5543 Jims5543 is offline
I'm with Bill
 
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Join Date: Feb 2005
Location: Jensen Beach, FL
Posts: 13,028
Remember the housing crash of 2008?

It started in 2006, by 2007 it was accelerating and no one noticed. I noticed in late 2007 something was wrong and started to circle my wagons.

Looking back at my books now. I can now see the crash started in 06. I was not paying close enough attention.

Now I watch everything closely.

Right now? I see US growth through 2022.

My business is tied into the economy, if money is flowing I am getting some.

In Nov. 2020 I went into panic mode. I spent the next 6 months paying off all my debt. Now I am hedging this "fantastic economy" I may be wrong, if I am fine, I did no damage to my finances. I am playing both sides here. I am also investing in the markets too.

The plan for me is to keep a close eye on the economy. When you look at the GDP vs debt, you freak out.

But here is the rub... the USD is tied to oil, many nations currency is tied to the USD, the USD is too big to fail.

Therefore, I cannot see a total collapse of the USD unless the entire world collapses.

Buy Silver with spare money while JP Morgan is suppressing it.

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Old 12-02-2021, 06:50 PM
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