Fast Changes, hard times coming?

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Gary

Gary

Member
Wow, gas is $3.25 a gallon today and the TV says it be under $3.00 next week. The stock market has fallen 25% since October 1, 2008. The dollar's value seems to be increasing rapidly too. Oil's under $80 a barrel again and silver is back down to $11 an ounce.

Maybe I will have enough money to buy food next week (food ain't going down)!

The stock market/banking crisis is starting to be a real concern to me. I moved out of stocks at the high and have held nothing but money markets in 2008, so I'm ahead in the markets this year, but I may have to get out the Sawsall and make some rifle ports in the walls to keep the starving masses from invading. I'm even afraid hyperinflation may be next! (maybe I need to invest in a wheelbarrow to carry cash around?)

The USA is well on its way to collapse. Everyone I know is in full panic, but has no idea what to do.

I suspect all of the emergency government fixes will be like adding dose upon dose of laxatives to someone constipated; sooner or later they will work, but too many doses may cause a bigger problem.

Unqualified people got home loans when they pushed loans to anyone in the 1990's and early 2000's; with all the new government incentives to make loans, coupled with low rates and banks desperate to make profits, the future may hold a lending disaster like the world has never seen before.

First time US home buyers can now get a $7,500 income tax credit if they buy a home before 7/1/09; I'm waiting until they are ready for someone to say nothing down, cash back and negative interest rates? Beachfront here I come.

Anyone else starting to get concerned?
 
Yes, I am. The more the government tries to fix something the worse it becomes in the long run. I am already unemployed as a result of the economic situation and my investments are now suffering greatly - and I didn't have many of those to begin with.
 
There was a big bail out in Britain too...Me mum was getting a bit scared with the bank thing. The news said the other night....kind of fast....that one of these big companies (dont know which one), that got bailed out where messing around spending $400,000. From how they said on stuff that was not needed. Like I said I didnt hear the full thing because they passed over it real quick. That was something I was worried about was these big companies thinking Hey we can get bailed out and then going out and spending the money that just bailed there backsides out.

Ride safe
 
There is no need to panic if one has a plan.

1.) Keep your ammo dry and guns oiled
2.) Select your target with care.

When food is no longer affordable I will take mine free from liberals. They are easy to find, a Prius in the driveway with an Obama sticker.
 
Did anyone in the states hear that the govt has upped the insured amount for bank accounts to $250k? I heard mention of this today but i just barely caught it on the radio. I'm very curious because i have been considering moving some of my money to another bank in order to have all my money federally insured.
 
At present, I don't fit into a bracket that needs protection above $100K in a bank account.

However, I'm fully deposited in a local bank that gives me 4.06% and refunds ATM fees up to $20 a month, zero fees on checking altogether. Not sure how they do it, but i like it. I've been beating the stock market for over a year.
 
[quote author=grandpaul link=topic=2078.msg14381#msg14381 date=1223677654]
Yep, those corporate fat cats went to $1,000 a night deluxe hotel, spa and golf to celebrate thier bail out.

[/quote]

Me Mrs told me the company, (not saying anything on here) But the company said it was to build staff morale....I can think of a bloody cheaper way of doing that.....Now I bet the big wigs in the compnay dont lower their fat pay checks. They pull a crazy amount of money each year, but I bet they dont lower that to save the company. Make a decent living for yaself....im not against that one bit, but when ya getting bailed out and then going off crazy spending when ya just got dug out....yep, that im against.

Ride Safe mate.
 
Congress ordered the mortgage lenders to lend money to people who couldn't afford to pay it back. They weren't even allowed to ask certain questions on the loan applications. They already were giving those people mortgages to get into houses without any money down at all.

Exactly what did they THINK was eventually going to happen?

Credit Unions are the safest places to do your banking now.
 
It makes me SO FREAKIN' MAD!

I watched a video from the last time Shumer (D) had to run for office. It showed him back in his home district sitting at a sign-up desk set-up outside in some town square. He was TELLING people he'd put them into a house no matter what their ability to pay!!!!
 
Tell 'em what they want to hear in order to vote for you, then use thier money to fix the mess you made.

Stupid people everywhere voting for idiots that promise they'll get something "free".

The biggest problem is, it costs the smart people, too.
 

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