People keep wondering when we will hit bottom, where is support, etc… I’d say after the last couple days “what support”? Panic YES, more PANIC YES, and so we go DOWN. Perhaps we will get a rally, but the overall trend is down and has been down for about a year now. The dollar is treading closely to a precipice as well. Credit is frozen, which if this continues means shortages in supermarkets, shortages in everything that is purchased on credit. What is bought on credit? EVERYTHING
Yes, I’m concerned… So, we have a choice. Either we can freak out and panic and run around with our shorts at our ankles falling all over the place or we can take a deeeeep breath and think about what weand I can really do.
Can we stop the market decline? NO
Can we unfreeze the credit markets? NO
Can we rescue failing banks? NO
Can we stop layoffs? NO
However, there are a few YES’s out there. What are they you ask?
Can we get a three month’s supply of food to have on hand? YES
Can we hold Gold and Silver in case the dollar or the banking system collapses or goes on holiday? YES
Can we better get to know those in our communities? YES
Can we stop getting further in debt? YES
So, eventhough our world may or may not look like is does presently there are things we can do to prepare for the what if scenario. Really it is no different from preparing for a potential hurricane, tornado, flood, or earthquake. If you live in an area with one of those potential natural disasters isn’t up to you to be ready for the unthinkable? YES
I don’t know about you, but I don’t want to wait for the National Guard to come in and save me. It is up to us to be responsible, and prepared.
Might this all blow over? Sure And what if it doesn’t? Then what?
-Trevor
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