Well boys and girls, I hope that the hangover fom Tuesday has finally worn off because if it hasn’t I am going to give you some sobering news.
Our economy is fucked the fuck up. President BUSH gambled on this Iraqi war for several reasons. One of them was to uplift the U.S. economy through the revitalization of the military industrial complex. It has worked to a small degree, but that has been offset by the large debt that the country and individuals have amassed during the same period. We are facing a massive downturn in our economy and this may mean more unemployment and inflation for some of us.
WILLIAM H. SUNDAY wasn’t always homeless. There was a time when he was a promising young bond tradesman for Oppenheimer. Alright, he never actually traded bonds, he worked in the mailroom, but he dreamed of trading one day. BILLY gave me some advice as to how I might be able to structure myself in order to ride out this oncoming fiscal bear economy.
INVEST IN PRECIOUS METALS
Not the bullshiite that Jacob the Jeweler sells but mutual funds that are weighted heavy with gold, silver, copper and other metals. Their values are not attached to any central bank therefore they have the least liability.
INVEST IN FOREIGN CURRENCIES
Even while we shove our rifles up the azzes of insurgents, our dollar is taking a global beatdown. Now is the time to invest in foreign currencies like the Euro and the Yen. African countries and South America have the most potential for growth also.
THE HOUSING BUBBLE POPS
I am not telling you not to buy a house if it will be for you to live in, but certainly don’t buy any property if you are looking to speculate. This is where many of us have assumed debt that will not be turned around as quickly. The rate at which real estate was appreciating was unchecked by the feds and now we have too many properties that were over-appraised.
WHEN ALL ELSE FAILS – FILE FOR BANKRUPTCY
It’s the American thing to do
We now return you to your regular programming…
