The collapse of the dollar and resulting super-high inflation isn't something to take lightly. Expect all those necessary things: food, clothing, energy, to take big price hikes. This hurts low earners the most. Tax revenues will drop precipitously and perhaps some government programs will be cut.
The enormity of the financial crisis is understood by very few people on main street. The entire financial system is teetering on the edge right this moment. The Fed themselves came out just a couple of weeks ago and said the entire financial system was in danger of collapse within 24 hours! This was the reason given as they bailed out Bear Stearns. The Fed wasn't lying.
Think Bear Stearns was the only problem, the only major bank in trouble? Think again. At this moment, there are thousands of fingers in the dike holding back the deluge. And I'm hoping for the best but prepared for the worse.
Most of the money men and women on Wall Street are very, very frightened. Make sure you're protected.
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The collapse of the dollar
Submitted by Kelja on April 9, 2008 - 08:52.
The collapse of the dollar and resulting super-high inflation isn't something to take lightly. Expect all those necessary things: food, clothing, energy, to take big price hikes. This hurts low earners the most. Tax revenues will drop precipitously and perhaps some government programs will be cut.
The enormity of the financial crisis is understood by very few people on main street. The entire financial system is teetering on the edge right this moment. The Fed themselves came out just a couple of weeks ago and said the entire financial system was in danger of collapse within 24 hours! This was the reason given as they bailed out Bear Stearns. The Fed wasn't lying.
Think Bear Stearns was the only problem, the only major bank in trouble? Think again. At this moment, there are thousands of fingers in the dike holding back the deluge. And I'm hoping for the best but prepared for the worse.
Most of the money men and women on Wall Street are very, very frightened. Make sure you're protected.