I don't know how many of you pay attention to the financial markets,
so I will sum it up.
The U.S. will not cover any more investment bank failures.
Today a key and gigantic institution was allowed to fail to the
tune of 335 Billion dollars. (Now 600 Billion)
In short, shit hit the fan, and more is to come. These are all investment banks, meaning when they fail there is no FDIC safety. Check and see if
you have your money where is should be. Individuals are safe to 500k, but out of 600 billion, 500k is nothing to a heavy investor.
1. Check your 401K and move to bluechips like Johnson and Johnson,
2. Buy as much long term storable canned consumables as you can,
before the prices spike.
3. If you have paypal assets, convert them to euros and don't cash them back until it hits $1.45 to a euro. You could make a nice profit.
Good luck to any and all who are investors or market speculators.
To our friends in Japan and Europe selling to US customers, you have my
deepest sympathies in the coming months as the USD becomes the new peso.