alstry, you say prepare. . . How?
Buy gold stocks? Oil stocks? Take possession of real gold?
Stock up on food? Buy food stocks? Buy guns? Move to the country and dig a bomb shelter? Move to China?
Convert all your paper money to coins?
I'm not teasing. I really want to know what you mean by prepare. I assume that you have some advice for folks who aren't rich?
Dividend stocks? Corporate bonds? All of those take money.
Pull all your cash out of the bank? Buy real goods before your money evaporates?
No need to address each of my points, i was just guessing. Really i wonder what YOU mean.
I REALLY FEEL THAT YOU MAY BE 100% RIGHT. Restaurants will fail, entertainment will fail, ALL DISCRETIONARY SPENDING WILL TAKE A BIG HIT.
There seems to be no way to service a debt that exeeds any other economic numbers existing. If america is forced to default (possible?) all dollars would be worth . . . . .. more/less?
You should put this on your own blog, so you can get the recs ; )