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Old 08-07-2011, 02:31 PM
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FIMCO-MEISTER FIMCO-MEISTER is offline
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Join Date: May 2007
Location: Red State America
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I hate to say it but the sky could be falling. I hope it isn't but regardless we aren't going to get out of this without a lot of pain and a huge revaluing of American assets. If the chinese even suspect we are going to eliminate debt by inflating our currency a world crash could easily occur. The chinese have little to lose. they are still basically a poor country with a totalitarian government. They don't give a flip about IRAs or health care. We on the other hand have much to lose. When they put the squeeze on the politicians are going to look at all those retirement assets and figure out how to pay them off by robbing the 25% that have been responsible retiree savers. Not sure how you can legally hide assets from the govt but I'd sure find every nook and cranny you can.

My 2cents going fishing now.
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