Prepare for the Coming Economic Apocalypse

[rdubwiley]

[Warpy]

1. There is no way to prepare for these things

Nobody knows what the right thing to do is until it's over and we all count up what's left.

In 2008, I decided to sit on my assets. I was correct then, by the time they'd have sold, they'd have been at the bottom. They've rebounded to what they were at the peak in the fall of 2007. Sitting still and doing nothing was the right thing to do then. Oh goody.

If the derivatives go, it will be just like 1929 when people said all the money disappeared overnight.

What this guy is talking about will likely be another blip. Public outrage will force another deal whether or not the teabaggers get the ACA repealed, and we all know that's not going to happen. They might shut the government down. It won't be down for long enough to crash the economy completely.

The implosion of the derivatives casino, however, would.