I've doing a lot of commenting here and there, though mostly not on LiveJournal. I've mostly been reading and commenting on the state of the economy and American society in general
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Have you had a chance to check out Chris Martenson's Crash Course videos yet?
I think his arguments are really well said. The Three E's - Economy, Energy, and Environment (in terms of resources) - all are coming to a climactic showdown.
i'm the opposite of a catastrophist, but i generally agree with you. building skills and saving money - and not in dollars, but gold and diversified multinational holdings - and living lightly as to debt and committed expense - will be key.
It's not easy, but we've been good in terms of debt. We could actually pay off all of our debt (auto loan with monthly payments due) with savings, but I prefer to have a cushion of a few months of living expenses in case of emergency. It's either gonna be the economy or major inflation or both.
this will be the new way, at least for a while. and if people can save in some way that holds value, a major lack in our financial system will be patched up. i'm very concerned about people's savings, now that the new ethic is sorta here, being gobbled up by bad currency.
Any suggestions/thoughts on someone with small means in terms of what ratios of what investments to diversify into?
Say someone with $2,500 in cash, no debts.
Or someone with $5,000 in cash, no debts.
Finally, $10,000, $15,000, or $20,000?
I'm not looking for someone to tell me what to do. I'd like to learn what you think you would do at each level, and what your thought processes behind the allocations are.
That's been my feeling since I was in elementary school. I'm really happy to have Polish/EU citizenship -- and kind of worried about pursuing Cognitive Science instead of, well, something else. The American Dream isn't sustainable anymore; there are too many of us and too many ridiculous, unsustainable life style choices being made.
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Oh, I think this time our economy and our country is in a different position vis-à-vis the rest of the world, and vis-à-vis the planet itself.
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Are you saying it's gonna be worse than I'm already making it out to be?
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I think his arguments are really well said. The Three E's - Economy, Energy, and Environment (in terms of resources) - all are coming to a climactic showdown.
I think you can start at Chapter 15 or 16 and watch til the end. But if you only have time for one chapter, I think Chapter 18 is a great piece to get hooked into the whole series:
http://www.chrismartenson.com/crashcourse/chapter-18-environmental-data
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stossel on rotting money (a great image): http://blogs.abcnews.com/johnstossel/2009/07/rotting-money.html
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Say someone with $2,500 in cash, no debts.
Or someone with $5,000 in cash, no debts.
Finally, $10,000, $15,000, or $20,000?
I'm not looking for someone to tell me what to do. I'd like to learn what you think you would do at each level, and what your thought processes behind the allocations are.
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