When the economy and market crash, what are your plans?

[Bible_Belt]

Being outside of the cities won't make you any safer.

Where do think those city dwellers will go?

After they walk a hundred miles with no food or water, I can't imagine that they will put up much of a fight.

 

[Bible_Belt]

Those houses will have crusty old farmers with shotguns, too.

I am fortunate enough to live on land that provides food and water. My great grandparents lived here a hundred years ago, before there was an economy to collapse. They at least survived.

Turn off the utilities to any city, and lack of water will start to kill people within a few days. Then after a couple weeks of pooping in the Super Dome hallway and drinking unclean water, disease outbreaks will wipe out a large portion of whoever is left.

The people who are so worried about being "imprisoned" in fema camps don't realize that it's not a prison if people have to be there because it's the only place that has food, water, shelter and protection.

 

[Bokanovsky]

There isn't any crash coming... the Chinese are going to bail you guys out hardcore. They are already doing it, you are just ignoring it or you don't know about what's happening. The uber rich Chinese are walking into America and buying up property left, right and center. Infact quite a few of my ex-students brag about the houses they've bought up in California.

Likely, America will just be up for sale to whomever has money, right now its the Chinese, in 30 to 50 years, Vietnam and India will probably have a chunk of that money. There are 1.5 billion people in China and about half of them have better employment than people in the USA, scary thought right. Well the top 10% are buying up all your properties and sending their children to your universities. We are talking 150 MILLION people with money to buy real estate and fuel the economy. If you're smart you'll start learning mandarin now and figure out a service or product you can sell to them. They ARE coming.

its just the world self-correcting and maybe one day the Chinese will have a website with a guy posting to 'not date Chinese Women'. Guys will be talking about how the poor women of America just want to marry and fvck a Chinese man for his money etc etc. Haha, no really this will happen. If anything you'll be looking at Looper's America or Elysium where the pollution in China is preferable over the quality of life in America. The world is changing and those who don't change with it will be left behind in the dust. You can cry, scream and stockpile guns but none of that will save you. The ability to make money and provide a valuable service to others is the only thing that will keep you from ending up in the gutter. There aren't going to be roving bands of humans, infact I think people are going to be confined to their houses and martial law will keep them there. Robotic drones are already flying over head, wait till they have tank tread drones rolling out on the street ala Terminator 3. All this stockpiling is just non-sense, it will last you maybe 6 months tops, what happens when the authorities get wind of you hoarding food or ammo, they will step in and TAKE IT BY FORCE. You might be able to kill a man with a shot gun, but a drone flying at 50,000 feet, can bullseye you within 30 seconds. You think you can live underground? Just roll a couple canisters of tear gas into your air vents and problem solved. Found some other way to live off the grid? Not without access to women and a woman is a social creature, she isn't going to want to spend the rest of her life in a cage. The best way to prep for the coming disaster? Become a doctor, farmer or highly skilled trades man and figure out how to service the rich better. Become nearly indispensible to others, study something that others absolutely need in order to survive. Pollution will be a big problem soon and people will pay big bucks to anyone who can clean it up. There are billionaires who own apartments in Beijing and would pay millions to have that air pollution cleaned up.

Allow me to point out a small flaw in your theory.

Where do they Chinese get the money to buy up houses in California? From us. Their economy is heavily reliant on export of cheaply manufactured consumer goods. When we go down, so will they. If American and Europe collapse, who's going to buy all the stuff that they make?

 

[Epimanes]

Check this out http://www.usdebtclock.org/

China is the only country who's debt is declining. They have such a vast number of people paying taxes to help them pay off the world bank debt. No other country even comes close to china in its debt payment. Once china pays off the world bank... Then what? Its all gravy for them after that.

 

[LiveFreeX]

Allow me to point out a small flaw in your theory.

Where do they Chinese get the money to buy up houses in California? From us. Their economy is heavily reliant on export of cheaply manufactured consumer goods. When we go down, so will they. If American and Europe collapse, who's going to buy all the stuff that they make?

Right it CAME from you, its already here everywhere, its sitting in people's bank accounts. There are more middle class/rich people in China then there are PEOPLE in the USA. Prices are getting stupid now, my job which 15 years ago in Beijing paid 800 dollars a month now pays out 5000/month. The economy here is in the midst of switching to IMPORT. You can't find a house in this city for under $300,000 dollars and the population here in just this city alone is 30 million.
My wife who was born into abject poverty along with her brother and his wife all make in upwards of $1000/month each (in the north). In a city where it only costs about 200 bucks a month for a bachelor pad and food, the Chinese are banking some serious money each month.

Nobody is going hungry in China. When the government repossess a house its cause for celebration because they pay out current market value to the owners or give you a brand new place.

Listen, culturally, things here suck but economically these people know how to do business. They aren't completely dependent on the USA if thats what you think. All of the surrounding countries buy from China, infact every country in the world imports cheap chinese products and if you haven't noticed there are Chinese in almost every city. Even if the US folds, China can self sustain and they'll be descending on American banks to buy up foreclosures like you've never seen.

The upper middle class here own 3 to 5 apartments on average. There won't be a collapse or a war, its just going to be money changing hands and ghettos setup to house the american workers too stupid to join the yellow families. I don't know if you've bothered to look around lately but California and Florida are starting to be bought up by the new 'snow birds'.

Listen man, the idea is that everything you buy in a Walmart comes right back to China, they produce it, they collect the money on it. There is nothing you can do to stop it. The money is already here is just changed hands and it will likely change hands back to Americans in smaller amounts when they buy up the real-estate but the fact is that the Chinese will OWN the land. The majority of Americans who don't own anything will be working for Chinese owned companies, living in Chinese owned houses, paying Chinese landlords. .
If you don't buy it, go look at what happened to Vancouver. Americans made the Chinese what they are today.

More importantly, CHINA put a robot on the moon, this past week. That's the kind of money floating around here now.

 

[Married Buried]

China

China is your answer for EVERYTHING. Ok we get it, you are living it up in China. NOW, why don't you start learning how to make big money in the US? Seems you have mastered China, maybe it's time for new things? SO MANY people in the USA are still making TONS of money even if you think the economy stinks. The USA is still the place to go to make money.

 

[synergy1]

I am hopefully going to be able to liquidate my holdings in equity and shift to cash ( fixed income for my retirement plans) - than re buy undervalued securities once the market is at its post crash discount. It would be nice to own property so as to hedge against devaluation of currency, but I don't something like this happening immediately. We will experience a long period of stagnation should the federal reserve chose to get involved...much like it was in Japan. My worries are that:

1- The end of quantitative easing will expose our economy for what it is. There is something like 3 trillion dollars of liquidity infused into the system which has (some speculate) helped with the stock markets and their bullish momentum

2- Rising interest rates will result in lower house values ( housing values typically correlate well with the economy) - and could also cause financial hardships in the economy. All eyes are on the student loan bubble. What happens if interest rates go so high that these start to enter default?

 

[Married Buried]

I am hopefully going to be able to liquidate my holdings in equity and shift to cash ( fixed income for my retirement plans) - than re buy undervalued securities once the market is at its post crash discount. It would be nice to own property so as to hedge against devaluation of currency, but I don't something like this happening immediately. We will experience a long period of stagnation should the federal reserve chose to get involved...much like it was in Japan. My worries are that:

1- The end of quantitative easing will expose our economy for what it is. There is something like 3 trillion dollars of liquidity infused into the system which has (some speculate) helped with the stock markets and their bullish momentum

2- Rising interest rates will result in lower house values ( housing values typically correlate well with the economy) - and could also cause financial hardships in the economy. All eyes are on the student loan bubble. What happens if interest rates go so high that these start to enter default?

I bought a house about 10 years ago when I was making good money. The plan was to sell it and make 200 grand. Unfortunately the recession hit and it went way down in value. Things seem to be picking up again. I may be able to get that 200 grand in a few more years.

 

[Fatal Jay]

^
I doubt it, homes are going to be super cheap in the year 2014 and 2015, banks will practically give foreclosed homes away. People who been saving up should take advantage.

 

[Married Buried]

^
I doubt it, homes are going to be super cheap in the year 2014 and 2015, banks will practically give foreclosed homes away. People who been saving up should take advantage.

It depends where you live. I live near the nations capital. Why do you think I meet so many foreign women? Economy here is greatly improving. Hot foreign women are arriving every day in droves.

You can steal foreclosed houses right now for 70 grand that are worth 300 grand. Wish I had the cash. Plus I have been paying down the mortgage for 10 years, so if I sell the house that is all profit.

 

[Epimanes]

Housing here will never be cheap (west coast british columbia). China has been buying property here and they leave it vacant... Then it drives up the home values cuz nothing is left to buy!

 

[Married Buried]

Housing here will never be cheap (west coast british columbia). China has been buying property here and they leave it vacant... Then it drives up the home values cuz nothing is left to buy!

Houses here are getting foreclosed and lay empty for months. The real estate companies are so desperate to get rid of them, they give it for free. Like I said 70 or 80 grand gets you a nice foreclosed house. You just need to be smart, read the paper, find the auctions and whatnot.

 

[Married Buried]

Think Liberia on a bad day but then dump a bunch of Whites, Asians and Hispanics into the melting pot mix for sh!ts and giggles.



This.

Liberian chics are hot.

http://www.prlog.org/10068224-miss-...miss-tourism-queen-international-in-china.jpg

 

[thatfeel]

There won't be a crash any time soon. You have to be flying high or speeding fast in order to "crash". :crackup:

Right now we are barely in 2nd gear. We are just getting off the runway. Its going to be a while before another major crash. There will be a few drops and hiccups but the next MAJOR crash is probably 10-15 years away. Maybe even 20-25.

If you learned anything from 2008.. you'll easily see the next one coming. They always happen right after a major BUBBLE --> A strong imbalance in the system. They also happen during "good times" when a crash is the last thing people are worried about.

The fear and paranoia we still have today is evidence there will not be a crash anytime soon. People are still being way too cautious for it.

I just want to add to the last paragraph PHM stated is that if anything, economic austerity is one of the worst things keeping our country from moving forward.

 

[LiveFreeX]

China is your answer for EVERYTHING. Ok we get it, you are living it up in China. NOW, why don't you start learning how to make big money in the US? Seems you have mastered China, maybe it's time for new things? SO MANY people in the USA are still making TONS of money even if you think the economy stinks. The USA is still the place to go to make money.

Malice: If my prayers are answered, I'll be going home shortly to get my piece before its consumed by this fat mess. I'm just saying the yellow menace is going to come and laydown the law with $$$. Those who aren't in a position to take advantage of the real estate market are going to be at the losing end when they show up.

http://asia.nikkei.com/magazine/201...over-Story/China-2020-Strong-rich-and-unhappy

I'm going home to work in Engineering.

SO MANY people in the USA are still making TONS of money even if you think the economy stinks.

Yes but there's also HALF the population who aren't, I wouldn't feel safe even with a concealed weapon knowing the guy beside me can blow my head clean off at any time. Especially worried knowing that other people may not have health care and the only way to get it is by having MONEY. That's why IMO socialized health care for the masses is important to a society. If everyone has access to healthcare then no one is going to rob me to help give their son or daughter money for an operation. Also we don't have as many guns per person as you guys do.

People and Guns don't mix. Poor and guns are really bad... I'm not sure why you guys don't live in fear everyday, I guess you just get desensitized to the violence. We used to live in Florida until a soccer mom pulled a gun on my 8 y/o friend for pushing her d1ckhead son in a ball pit at McDonalds.

 

[Vantagepoint34]

Update. When it crashes will be buying a jeep. Followed by a trip to Best Buy for the full first season of the walking dead.

 

[switch]

my plan is to hunt humans for sport,sell their meat for profit and turn their women into sex slaves.
I love anarchy.
As for china, their women make Very good cvm-buckets for my hunting dog.

 

[Married Buried]

Malice: If my prayers are answered, I'll be going home shortly to get my piece before its consumed by this fat mess. I'm just saying the yellow menace is going to come and laydown the law with $$$. Those who aren't in a position to take advantage of the real estate market are going to be at the losing end when they show up.

http://asia.nikkei.com/magazine/201...over-Story/China-2020-Strong-rich-and-unhappy

I'm going home to work in Engineering.

Yes but there's also HALF the population who aren't, I wouldn't feel safe even with a concealed weapon knowing the guy beside me can blow my head clean off at any time. Especially worried knowing that other people may not have health care and the only way to get it is by having MONEY. That's why IMO socialized health care for the masses is important to a society. If everyone has access to healthcare then no one is going to rob me to help give their son or daughter money for an operation. Also we don't have as many guns per person as you guys do.

People and Guns don't mix. Poor and guns are really bad... I'm not sure why you guys don't live in fear everyday, I guess you just get desensitized to the violence. We used to live in Florida until a soccer mom pulled a gun on my 8 y/o friend for pushing her d1ckhead son in a ball pit at McDonalds.

Cool. Don't you want to bring your wife home to the States for good eventually? then you can walk around with a trophy wife and laugh at the poor miserable AFC's being led around on a leash by Cattle in spandex.