Quote:
Originally Posted by cl8ton
So what would you suggest, competentone?
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You need to understand your own financial situation and come up with solutions for your situation, but you also
need to understand the wider economic issues occurring if you want to avoid being bull-dozed by them.
You need to understand that the financial industry has been overrun by thieves, "gamblers" and incompetent fools. These miscreants have used the trust built up over years by the previous legitimate businessmen to "swindle" the population out of their hard-earned savings.
The government, lead by the Treasury Department (headed up by the former CEO of Goldman Sachs -- a key participant in the destruction of the financial industry), is trying to keep the mismanagement and theft
hidden by "printing" money to cover the losses.
Any investment not tied firmly to "hard assets" is at risk of destruction.
If you go to "cash" it should just be a temporary position while you wait for an opportunity to get into a position with strong "hard asset" value. ("Hard assets" in this case includes things like factories, real estate, commodities, etc. -- though one needs to be certain any companies with "hard assets" can manage any debt they have effectively.)
Avoid any "debt investments" that involves "financial firms lending to other financial firms" -- which is what most of the "guaranteed fund" money represents.