I’m getting tired of reading doomsday posts by people who really don’t have a clue. Many corporations, including financial institutions, will find themselves in serious trouble but the entire world will not return to a barter society anytime soon.
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In early July of 2007, before the August panic, I sold everything and went 100% cash in several currencies. I held on to my cash for many months while studiously trying to figure out how the sub-prime fiasco would pan out and how the Federal Reserve would respond. I finally figured it out.
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