emartel01


Most people do not realize how bad the economy is. They tend to go by gov’t numbers and those people seem to be really stupid.

There is a financial crisis on the horizon, so my question is, should I just cash in my IRA and leave the country or invest it overseas (ie. foreign currencies, commodities, precious metals) outsid of the US?

6 Responses to “Financial Crisis in the US?”

1. SDD on December 29th, 2008 1:32 pm

   If you think that the GDP growth of 3.3% in Q2 is a horrible crisis, then, yes, leave the country immediately and move your assets to someplace else that you think is safer. Where that might be, I don’t know, but you can decide.

2. exactduke on January 1st, 2009 1:26 am

   If what you are saying is true, do you really believe it won’t spread to the rest of the world??? All the asset classes you mentioned, will also take a hit (in my opinion).

   The problems with housing & financials is pretty commonplace. What’s going on now, reminds me of the savings & loan crises we had in the 90’s. Financial crises happen with some regularity every 10 – 20 years. The market & economy will struggle for a few quarters & then recover. This is ‘run of the mill’ stuff.

3. Joseph F on January 3rd, 2009 11:53 pm

   You should leave now.

4. Legolas on January 4th, 2009 5:59 am

   buy a house
   the crisis will end after a couple of years and what you have
   will worth double

5. mrstockbond on January 5th, 2009 8:43 pm

   The financial crisis is yesterday’s news, buddy. The US markets are becoming more attractive, just look at the the dollar rising, and gold & oil dropping. These are very positive signs.

6. bob shark on January 5th, 2009 10:04 pm

   Right now “Cash is King”

   It is a bad time for stocks, bonds, and commodities.

   In about a year, when the 10 Trillion US debt causes massive devaluation of the dollar…Gold will be King…But not yet.

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