General Discussion
In reply to the discussion: Get ready for it: Another economic collapse is coming. [View all]zipplewrath
(16,698 posts)Your full of predictions, but not much in the way of substantive suggestion on how to "get ready for it". Are you advising a sell off of assets and moving to cash? Should one buy gold? Should one buy 30 acrea in Montana? Bury food in PVC pipes? How does one get ready for such a thing? You make allusions to the turn of the last century and the onset of WWI. What could someone at that time done to "get ready for it"? Considering the lack of mobility of most people at the time, it isn't clear where they would have gone. They very easily could have walked into a vastly worse situation.
In the collapse of '08, if you didn't get out early, and move into cash, there wasn't alot to do. Moving to bonds wouldn't have saved you if you were heavily in stocks. Paying off the house might have been the worst thing you could have done. The best thing you could have done is to sell it off, but you probably would have had to do that a good year prior.