SHTF? - 576

in #economy5 years ago

This is the end of day video:

I'll be watching the markets closely tomorrow and probably the rest of this week. Hopefully the doom and gloom doesn't play out but I think things look bad for the USA and global economy. Maybe the Fed will drop rates to zero by the end of this year but hard to say for sure what will happen

Monday 8-5

#king
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Sold half of my stocks beginning last week, just in time :)

Are you psychic? lol Could be a good buying opportunity though. The USA stock market is rigged very well.

Could have seen this one coming from miles away. And FOR SURE right now is not a good buying opportunity. This will get worse.

I suppose the plunge protection team could save the day but if not I think you are very close to the top. It's not easy nailing a top or bottom. Are you mainly in the USA market or your market or global?

I'm global. I did lower my exposure to The States recently. Had really good profit, but it became too risky.

Have you looked at NUGT?

Just looked. Could be good. People get afraid and start investing in gold related stuff.

I dunno where else you can invest. The stock market values are crazy and cryptos are risky.

These doom and gloom videos have been being made for years now and yet here we are still going. I think he's right we are blessed to live in this country, it's a resilient population whom when tragedy strikes always manages to come together for the good of all. Somehow it gets figured out. I may start to stock up a few things when the fall harvest season arrives as I do expect some food items to go up because the early harvest season was pretty much a dud but outside of that I am not going to worry to much as my house is almost paid for so I don't have to worry about paying thousands in rent, half my family are full and half blooded Indians who get money from the tribes gambling operations so if worse comes to worse we'll all find ourselves stacked atop each other to survive as long as (and I am sure there will be) there will still be some people who have cash to throw away at casino's. I don't think most of us need to worry about going out and buying a gun to protect ourselves, I think if such a time did arrive they'll be no shortage of guns being given out.

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