Rt66 I know this is not a doomers only post. Actually I think that it is easier to post about gloom and doom then not to. the only person who I have seen postong about it but really ever doing anything about it was someone who talked about going out and buying land several months ago. I am not sure how that came out. Maybe it was partypup but I am not sure.
Arraya posts about it all the time and perhaps ahs taken some steps for preparation as well. Other people talk about having boxes of food in the garage and some investments in gold but in my opinion, if things REALLY play out to where there is serious unrest, menial preparation may be useless. Now if you have defesible land, a well, a couple of gereators with fuel, s network of friends and neighbors with the same, then you have a chance.
Personally my prediction is that some time in the next few years we will be cutoff by our creditors. Much like we are loosing freedom every day, with the current leadership things happen is a slow and subtle way. China will emerge as a new economic leader and we will be whatever we will be. I don’t see every engineering job going away or everyone here digging ditches for a living. I think people getting loans on large sums of money at 4 to 5 percent interest may not be in a bad position if inflation does move upward rapidly. I don’t see this being the bottom of the housing market at all but I think most people here wildly underestimate the financial resources OTHER people have in San Diego as well as just how far government is sold out to propping up the market.
I also think that there is going to be people who make an absolute killing off if these conditions. Indeed there already have been. So you can cast doubt, curl up and hide, or you can figure out how to take advantage of the conditions and with hard work an ingenuity, make money.
