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I would rather harbor some fear than be a fool. Gold was money long before the dollar and it will be money after the dollar. Bitcoins are a logical progression of money . In fact if you look at the requirements for money, bitcoin has much potential. purely digital currency will play a more prominent role in society wi...more
a complete financial meltdown. sure. what about a partial meltdown, a limited war, sovereign debt crisis, natural disaster. Might still be a good idea to have some real money to go with those chickens.
I can understand people taking out a 4 or 5 year loan if they are getting between 0% and 1.9% apr, anything higher on 48+ months means they are living beyond their means.
Interesting observation for anyone who still believes in the dollar. Watch a movie from the 40s or 50s. They will act as if $100 is a small fortune. Does anyone today feel like $100 is a small fortune, absolutely not.
Someone explain to me why bitcoins are going parabolic and precious metals are taking a beating? I like bitcoins, they make more sense as money and a store of wealth than government fiat money. Precious metals also make an excellent store of wealth and they have intrinsic value unlike bitcoins, but I give bitcoins the ...more
You are constantly commenting and it ismostly intriguing. What is that you personally are doing about what is going on in the world? If you don't wish to disclose, then what do you recommend the average middle to upper middle class United States Citizen do to cope with the future?
Oh, man if it all falls apart I am dressing up like Duke Nukem and blasting "Suspect Device" by Stiff little fingers while I navigate our brave new world.
2/19/2013
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