There are some scary videos starting to go around that are saying the wall street collapse is coming soon. The graphs look horrible. I think there are people out there who want to see it happen. They want to show that this new modern way of doing business wont work. They want to make Obama look bad.
So what is the best way to prepare. All of a sudden stocks and bonds look like a pretty old fashioned way to save money. I would go for dollar bills under the mattress myself. I think if people got desperate there would still be some hope for awhile that the dollar would again mean something so if you had some I bet you could get some traded for food and fuel.
What does it mean for wall street to collapse? Is it the rich people jumping out of windows like in the 1930's? Or will the big corporations just go on feeding the lines of survival and forget about investments? I had always hoped not to see the day when things got bad.
How bad could it get and how good? I think to every doomsday scenario there is an alternative path to the future. We could really start making some serious money in the next decade. It is fun to make money and I think the younger generations have their own way of doing that and it looks hopeful.
So I am not packing my tent yet or hoarding fuel but I am wondering about stocks and bonds and bank accounts. I do not trust financial advisors but I love the tax lady. People give money advice all the time but in the end it is who has the food when the power goes out.