Our economy sucks so bad! But in other news, Toys R Us is hiring 40,000 people for Christmas!

 

I'm hoping interest rates drop just a little lower. 30yr is at 4.09% and 15yr is at 3.3% ... Looking to refinance at a 15yr loan and pay less than $100 extra per month. w00t!

thankfully I have another 30 years for my retirement account to recover. Since prices are so low, I've increased my contribution - buy low, sell high - since it's super low, I'm buying extra.

 

If you think stocks are low now, wait until china's economy craters.

 

i'm hearing that the economy will not recover for at least another decade. realistically, the debt is astronomical and there's no stopping it. at some point the stove is gonna blow.

 

It doesn't have to blow, it can cool off so you can't get an economy cooking, and stay cold for a decade. I guess we'll see.

 

we'll see alright. i don't understand the economy all too well but i know that you can't make something from nothing (or at least for very long). with the debt unable to ever drop, it will force credit ratings down and sh** will hit the fan. social security will dry up, and no jobs will hire, government jobs will be the first to go forcing shut downs and furloughs. people will begin to protest. we'll just have to see but i think life is going to get very hard and government policies will become ridiculous.

 

I can see society becoming every man for themselves, and when a serious fall out happens, its not going to be pretty.

 

Hopefully my wife and I don't lose our jobs within the next year. I'm trying to save up some cash for a flight to Belize. If I can make it there, I can always set up a hut on the beach and live off the land/ocean. Survivor style.

 

I have guns and ammo for when the SHTF.

 

Guns & ammo not the problem. Water is the problem. You can store 6 months' food in the garage or basement or attic. Where do you store 20,000 gallons of POTABLE water?



Visionz, it is referred to as TIDO: The Initial Die-Off. If (e.g.) an EMP from an airburst nuclear bomb or a super intense solar flare hit the national power grid, within a couple of months there would be several hundred million dead people. I think society could hang on by its toenails if the economy collapsed, but not the power grid.