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The collapse of the US economy is inevitable and near
Posted: February 28th, 2013, 9:06 am
by XJBrave
http://www.youtube.com/watch?v=pnteMtJt73k
Get out of this country and convert your money to gold or chinese yuan while you still can
Posted: March 2nd, 2013, 3:01 pm
by Maker55
You should've posted this topic in the business section because there are plenty of threads about the collapse of the U.S. dollar.
The question is "when" this will occur. It might happen anywhere from 3 to 12 more years.
Fiat currency has failed 100 percent of the time in past history and it will fail this time as well.
People should seriously invest in silver, gold, real estate and art.
Prices should continue to keep going up lowering the purchasing power of fiat currencies around the world.
None of the fiat currencies around the world are backed by anything.
The U.S. dollar used to be backed by gold but not anymore.
Paper fiat currency is trash.
We can stall this for a little while but one day...one day....the whole market will collapse and we'll be given a new currency.
That's why Robert Kiyosaki said that "savers" will be losers in the not so distant future.
Posted: March 2nd, 2013, 3:06 pm
by zacb
True. By the way Maker55, what do you think about foreign real estate? Any thoughts on some inexpensive property to invest in?
Posted: March 2nd, 2013, 3:15 pm
by Maker55
Robert Kiyosaki says he invests where the jobs are going and one of those places is Asia or even India.
Brazil is also a good place for jobs. Latin America can be a hot bed for real estate.
Always invest in real estate where the jobs are at even if you're living in America.
But I would buy a book about foreign real estate to be on the safe side.
Here's a good list for foreign real estate:
http://internationalliving.com/2012/03/ ... s-in-2012/
Here's a book on how to invest in real estate overseas:
Posted: March 2nd, 2013, 3:50 pm
by zacb
I was thinking about Davao City or outside Manila maybe. Thanks
Posted: March 2nd, 2013, 5:31 pm
by Jester
Maker55 wrote:
Always invest in real estate where the jobs are at even if you're living in America.
+1
But for safety in case of a temporary DE-flationary crash abroad (like if U.S. interest rates go way way up, temporarily sucking all the world's liquid capital into the U.S., like a firestorm), should that overseas real estate be protected by buying real estate either
(1) via all-cash (so there are no payments to make)
or
(2)
non-recourse (so if there's a crash, they can just walk away)?
What's your opinion on this?
Posted: March 2nd, 2013, 5:36 pm
by Jester
Jester wrote:Maker55 wrote:
Always invest in real estate where the jobs are at even if you're living in America.
+1
But for safety in case of a temporary DE-flationary crash abroad (like if U.S. interest rates go way way up, temporarily sucking all the world's liquid capital into the U.S., like a firestorm), should that overseas real estate be protected by buying real estate either
(1) via all-cash (so there are no payments to make)
or
(2)
non-recourse (so if there's a crash, they can just walk away)?
What's your opinion on this?
Nevermind - I see that you have already started a thread on this!
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