Robert Nabloid

My Economic Plan

@jlounsbury59: Thank you for the comments. I agree with most of what you wrote! I also agree that the topic is huge, too big for one short article. I was just raising the issue to start with. I'll see where my own interest and the interest or readers takes us in terms of future research and any potential future articles. I'm not the best writer. I'm just trying to raise a few issues and get people to ACT - We can't stand idle and play victim forever and we each have a personal role - what we do with our own money counts.

I do not agree with C, though. It has never been a stabilizing factor, IMHO. I realize this is debatable. Perhaps in another article we can have a friendly debate? :-)

@LarryH: It's good to see some people out there trying to pay off debts instead of taking on more debt! For too long they have coerced us to take on debt and borrow against our future. We can't borrow forever - we must eventually pay it off!

I buy used vehicles. I've been able to get some ABSOLUTE bargains in the last five years on vehicles (even during the boom times!). I bought a 2003 Chev Venture in top shape with just 60k miles for under $4,000 within the last two years. I've bought a few other vehicles in the last five years, in top shape with low mileage for under $5,000, each of them looks brand new and works perfectly. I don't feel I've compromised on ANYTHING! I'm pretty much driving new vehicles at a fraction of the price. Compared to my friend that bought a brand new Dodge Ram for $40,000, I could buy 8 newish vehicles, practically a fleet, for the same money! Just some food for thought in case you were dreading the notion of never buying a new vehicle again...

Stay the course of fiscal prudence. A little bit if your money stored in silver/gold is always a good hedge. In the future you may spot some excellent opportunities in businesses or industries you have vast knowledge of, and hopefully when the time comes, you will have some capital to deploy - and I hope your investments reward your patience, research and knowledge.

@silverslut: I agree with you, the Federal Reserve is responsible for more than some people realize. For those that want a Federal Reserve, at least make it Federal. Anytime a private corporation has power over your money, which is the world currency, there are some conflicts of interest. I've done some research on the Federal Reserve - perhaps I'll write an article later on? Maybe I won't. I do think it has a major role to play in where we are at today.

@henarl: Thanks. I don't think fiscal responsibility takes a genius to figure out but it does take some common sense. If more people around the world would act fiscally responsible we might not be in this mess.