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[l0k]

Welcome to universal health care, courtesy of our beloved president. It's scheduled to happen this year, yet no one has a clue who is going to pay for it. Just kidding, YOU are going to pay for it. I heard the VAT (value added tax) idea floating around with some 10-20% number attached to it. And they said they won't raise taxes...riiiiiiiiiiiight.

Comments

[meritbadgepimp]

So, um, do you recommend the British pound or the Euro for investing in foreign currencies?

Let me know when we hit step 4 though.

Funny thing is, I'm planning on holding down a job this fall semester because my health insurance under my parents runs out.

[l0k]

Neither. Britain has done just that, they ran out of money because of huge government spending. The Euro economy is stagnant and will not do well, so your best bet is investing into something solid like gold or silver. On a side note, the JPN economy took a nosedive too, so that's that.

As for step 4, it depends on how our beloved president decides to pay for that healthcare reform. If the fed just prints money to finance it, consider us on step 5.

[meritbadgepimp]

True enough, the rest of the world took a nosedive once the US did.

I need to buy up arms before they get around to banning those.

So, want to go into buying gold bricks with me? ;)

I think in the future, skills that can be utilized will become the currency of choice, since things are only the value that people are willing to hold them at. Who cares about precious metals if you need water or petroleum for survival?

[l0k]

Do not underestimate the vanity of people. They would rather suffer than fix a problem; they would rather starve than give up the "shiny". You can't effectively buy up gas, and you can't effectively buy up water. Precious metals are a different story--just hope the tendency developed in the last several thousand years holds true.