"If the markets crashed can you survive a global depression. Financial institutions are more linked now then in the past. What is your game plan ? "
Yes.
Looking at usa and e.u I think they've been lax kn their approach to liquidity testing banks. Deustche has been km tne verge of collapse for years. Ap I assume at some point it will be taken over or consumer by the state.
I am very worried about the southern countries of the e.u if there is depression. Spain,Portugal,Greece Italy.
The very nature of the euro restricts their ability to react and the debt gets worse.
I have investments , a house I can comfortably afford, I have side jobs and a stable 9-5 which lays well.
I suspect we might see crypto break out again this year as it tends to go in 3 year cycles and it's nudging again with the increase in uncertainty.
I will be cashing some of mine in this time at the peak I think. |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"If the markets crashed can you survive a global depression. Financial institutions are more linked now then in the past. What is your game plan ?
Yes.
Looking at usa and e.u I think they've been lax kn their approach to liquidity testing banks. Deustche has been km tne verge of collapse for years. Ap I assume at some point it will be taken over or consumer by the state.
I am very worried about the southern countries of the e.u if there is depression. Spain,Portugal,Greece Italy.
The very nature of the euro restricts their ability to react and the debt gets worse.
I have investments , a house I can comfortably afford, I have side jobs and a stable 9-5 which lays well.
I suspect we might see crypto break out again this year as it tends to go in 3 year cycles and it's nudging again with the increase in uncertainty.
I will be cashing some of mine in this time at the peak I think."
If it fails completely no investment strategy would work , even gold would be worthless and no type of wealth or income is any good if there’s no food to buy.
What’s important with hyper inflation is being able to live on a tiny fraction of your current income , complete change of lifestyle regarding eating , entertainment & transport - hundreds of millions of people around the world do this already |
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By *estivalMan
over a year ago
borehamwood |
"If the markets crashed can you survive a global depression. Financial institutions are more linked now then in the past. What is your game plan ? "
survival of the fittest if everything goes to shit
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