rjordan393
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Location: Levittown, Pa.
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| Dr. Ron Pauls Message |
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A few years ago, I was keeping a record of our Nations increasing debt, the CPI and other things. Back then I was concerned at what could happen if China (the biggest holder of our Bonds) would suddenly demand payment and other Countries too. I was also concerned about the continuation of sending American jobs overseas. I read "Lou Dobbs" book called "America" Who Stole The Dream and now I just skimmed through another book promoted by Dr. Ron Paul (a former Senator) Called "America 2020" and he states states that sometime in the future, our nations currency will collapse. The book is authored by a gentleman called Stansberry and his associates.
Well I believe in everything that Lou Dobbs has stated, but I have reservations about Dr. Ron Pauls message where he says everything will take a serious hit including stocks and bonds and some serious money can be lost if there is a currency collapse. So I would like to hear opinions about how you feel about the situation of our Nations continuing debt increases and future possibilities of a potential disaster.
The reason is I have $60,000 to invest and I have no idea where or what.
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Mon Jul 13, 2015 8:40 pm |
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littleroc02us
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IMO, it's kinda of like using a credit card. Imagine every time you overspend and say yes to everyone's needs you eventually max out your credit card. So what do you do, you call your CC company and ask to have your credit limit increased. After some negotiation with the cc company they agree to the raise.
Congress is the CC company and the spender at the same time. They have fancier terms for this such as; Debt ceiling and GDP, blah, blah, blah. The fact of the matter is those in charge both Democrat and Republicans will continue to kick the can down the road until one day things just simply fail. The United States is a very powerful country and we spend a great deal of our wealth on Socialized programs, such as the Gov't services (police, fire dept, public schools, etc...), Social Security (total failure with ROI), Medicare and the Military.
Since these socialized programs take 75% of our Revenue to support, the only way the problem can be solved is by our Gov't to say "No". No you cannot have that, no your gonna see a reduction in your Social Security, No you cannot have that new school, no you cannot have that new ball field.
The fact of the matter is no once wants to elect this type of politician. The majority of Americans need and rely on the Gov't to take care of them and wait for Obama to fix their lives. Since the President or Congress cannot fix your problems, you need to stop waiting for your day to come and be Pro-active. What that means is to go out there in the world and create something, go to school by paying for it yourself, not buying new cars unless you have the cash, not buying McManshion's because your friends all have one, The only way you can thrive in a true Capitalist society is to "go our and kill something yourself."
But to answer your question about a collapse. I feel that there are just to many strong companies in the US, that will continue to make America a dominant country regardless of the Gov't. So I believe in small and large businesses. I just wish the Gov't would get out of the way. Let a big company fail if it makes poor decisions and if Ford builds a car that no one wants and goes bankrupts, that is their own fault, dont' bail them out.
I wouldn't worry about a collapse, just worry about what you can control.
Risk comes from not knowing what you're doing. (Warren Buffet)
Last edited by littleroc02us on Tue Jul 14, 2015 1:58 pm; edited 1 time in total |
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Mon Jul 13, 2015 9:34 pm |
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rjordan393
New Poster
Cash: $ 0.45
Posts: 2
Joined: 13 Jul 2015
Location: Levittown, Pa.
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Thanks for your reply.
Perhaps I'll check out a mutual fund that deals in precious metals, oil, gas or even the Insurance companies.
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Tue Jul 14, 2015 1:36 am |
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