I've Got a Grasp of the Petro-Dollar
Can You Expound On Losing It Will Effect Us?
I Don't Have 50 Large
What Would You Invest In?
What Course of Action Would You Take?
When Do You See This Happening?
How Long Do We Have to "Prepare"
What Will Happen to Real Estate Values?
I'm Sure I'll Think of More
Hope You Don't Mind Helping Me and the Board Here
—Many countries and companies that buy dollar denominated commodities have plenty of dollars and treasuries in reserve. If the dollar isn’t the reserve currency that built in demand sites up. Bad for treasuries and the dollar.
—I’m invested in real estate, commodities (the kind that if they fell on your toe it would hurt), and a highly diversified stock portfolio. I’m all out of interest rate sensitive instruments.
—I would have 6 months of food at your disposal. I bought another deep freezer and it’s full of pork, fish, venison, beef, and chicken. The other freezer has plenty of meant and veg that I’ve previously frozen. BE SURE to invest in a vacuum sealer. Things last much longer in the freezer when vacuum sealed.
—batteries, candles, canned veg/fruit, generator.
—have a place to go away from the turmoil that is sure to come. Suburban Chicago will get overrun if the shit hits the fan. Those without will go in search of those with.
—real estate, mainly residential, should be OK for a while. If things go really off the rails it could be a real mess.