I think this is inevitable……
Throw a couple of trillion dollars into the banking system should do something.
Boom and bust is guaranteed. Pushing dollars back and forth will give everyone the impression that happy times are here again.
But how many houses, cars, pieces of furniture, exotic vacations etc. are unemployed broke dicks going to be able to take?
Expect 8 dollar gas and 12% “official unemployment” as local and state government go nuts with taxes and fees to keep the bureaucrats employed.
Plenty of government jobs will be created so the big shots in Washington survive. At least, I’m safe at Walmart for awhile until the trucks can’t get fuel. Why sell diesel when the government is threatening closing down the oil industry?
Some reason we get to thinking that everything grows on trees in la la land and all we have to do is elect the right “Savior”to get it for us.
Somebody is in for a big surprise!
Pay off your bills. Don’t use the big banks. Only we can close them down by not using them. Send all your money to a credit union and get your credit in tip top shape.
People with cash and credit will have their choice of consumer goods. I believe a new boom will commence in a year or so because there is no place else, for now, for the world’s elite to go.
I’m of the opinion, this collapse is only the continuation of the cycle started when Nixon took us off the gold standard and told the world to take a hike.
Until something replaces our dollar expect the cycle to continue.
Unless the guys in charge are taken out. (Marie Antoinette, maybe?) It just remains to be seen if it completes the cycle in our lifetime.
Happens every time an empire goes bust!! Just get out a world history book and read for yourself.
In the mean time if the bust doesn’t happen you’ll be in position to clean up. However,if a super collapse does occur your money, gold or praying won’t do a bit of good.
But that’s not the way to bet.
I’m betting we’ll see a couple more boom and busts before the US is bankrupted by the cycle. If that’ the case, get a free and clear home somewhere to live. Learn to hunt fish and garden. Take care of friends and family by encouraging them to do the same .
Or find someone stupid enough to lend you a couple of million bucks and go crazy buying all kinds of junk to put in your garage and storage shed. Take a permanent vacation and drink lot. Or even run for office and become part of the problem.
Best of all, simply kiss your ass good by.
By Rita Nazareth and Erik Schatzker
April 14 (Bloomberg) — Steve Leuthold, whose Grizzly Short Fund returned 74 percent last year betting against U.S. stocks, said the Standard & Poor’s 500 Index will surge to 1,100 after valuations got to the cheapest levels of his career in March.
Leuthold, 71, who helps manage $3.2 billion as founder of Minneapolis-based Leuthold Weeden Capital Management, said most investors should have 65 percent of their assets in stocks.
“This market was about as cheap as I’ve seen in my 45 years in this business,” Leuthold said in a Bloomberg Television interview today. “We’re probably going to see the economy start turning upward, not now but toward the end of the year. The market is a lead economic indicator, so the time clock is about right for the market to turn up”