Jim Rogers: Major Crash Ahead

[parsley]

In the 30's, there were trains filled with young,
non-violent hungry unemployed men. This
decade, the cities are already full of violent G20,
Idle No More and Leftist haters who have never
worked, and are not prepared to work. Pars

[rockpile]

Pars, you'd better give a closer read to the history
books. BTW, have you stocked up on dried foods as
well? And lot's of warm clothes? And batteries,
lanterns, matches, rope, etc, etc. Oh yeah - lot's of
wine...

[parsley]

I'm a well prepared woman, Rocky. Nothing lost if
the economy booms. Would like to be a neighbor
of freewhat though and milk his cows in return for
farm cream. #negotiate

[freewheat]

Mrs. Parsley, old school folks are so few
and far between, and we have no neighbors
with our mindset which can be frustrating
at times. We could use a few neighbors who
"get" us!

[parsley]

We eat three times a day and sleep for eight A
laden table and a comfortable bed are the two
most important material necessities. Simplicity at
it's finest. And I do have a penchant for farm
cream. #scarce

[agchat]

Friend of mine always tells me " Only people that
worry in times like this are the people with
money, for they have the most to lose."

[sumdumguy]

Been listening to this for 5 years now. Never
should have listened to any of it there always
have been chickens in the coop. Oh that's coop.
Not worried, the gold buffs are hoping.

[sumdumguy]

Phoenix 64, I've been hanging my hat on
liquidity, to have cash readya if the shize should
hit the fan. How do you feel GIC's will protect
your capaital?

[blackpowder]

Parsley's my kinda chick. but forgot 100bs yeast
and some copper line.

[mcfarms]

Black powder
Steve Earl for 100 Alex.:-)

[mcfarms]

Crap
Forgot it's
Who is Steve Earl

[phoenix64]

Sumguy,

Feelin that we are in for a severe correction in the
markets, had a pretty decent gain in the last 18
mos and by transferring into gic's at least one can
protect the principle.

[liberty]

The problem with GIC's is that they don't really protect your principal. The true inflation rate is around 8%, not 1%, so if you have money in GIC's your principal is shrinking at a rate of around 7% a year. If you have a very solid idea of when a crash is coming, it pays to stick to GIC's for short periods of time. But if you stick to that strategy for years, then it can get costly.

[phoenix64]

lot of comments on this thread are referring to
anarchy and the end of the planet, not thinking it's
that serious but we could see another 30-40 %
correction in equities and people will lose once
again

[phoenix64]

I'm just goin with short term gic 1 yr max till this
craziness figures itself out then stick my head out
of the sand and see what's shakin