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01-31-2011, 01:40 PM #1
Question: What Does a Dollar Collapse Look Like? Help....
I need some help. I am not the most financially saavy person out there, but for the last 2-3 years I have been reading about how the dollar will collapse either this year or next. It's not a matter of "if", but WHEN.
Can someone who knows finances and history better than I tell me what a dollar collapse looks like? I read about it happening, but not what life will be like afterwards. If the dollar is deemed useless, how will I make car and house payments?
Besides hoarding food, ammo, gold and silver, what else should I be doing? My spouse and I have a modest retirement (that got a whole lot more modest in 200
that is currently in a 401K. Since we started it fairly young, we put most of our funds in a modest, slow, "safe" not risky, but steady earning acct. We also have a college savings for our kids that does not amount to much either. Should we remove this money now? If so, where should we transfer it? I know they will take half of it in taxes so where do I turn to avoid this?
I don't want to make a fear-based decision, but to tell the truth - Im scared to death and to just sit and "let" our money be taken seems crazy too.
Could sure use some advice, your personal experiences, etc. If there is a question that needs addressing that I might have missed, please help me fill in the blanks.
I'm not to the point yet where I have called our financial advisor yet. All of "those" financial type people look at me like I have two heads when I ask questions based on what "could" happen and I'm sick of it. I get the impression that they think I am some chicken little "sky is falling" doomsday type and Lord knows I"ve probably humiliated myself enough with trying to warn people of what is coming. I've made a decision that Im going to shut up about stockpiling, etc. and keep my plans to myself. At least here on the net we have some annonymity. I bet there are others out there in the same place I am who might appreciate some input also.
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