Doug Casey: What to Do in 'The Greater Depression' [View article]
I, for one, agree with some of Casey's meandering rant...I am rather underfunded (poor) in any opinion; yet, I live in both Mexico and Texas legally (I have lived in several Central America countries). I find the third world has sub-economies or local economy, if you will, that allow the folks living there little change in life style when their economies experience distress. There is no problem to go to rice and beans when that is your constant diet.
I buy silver coins minted in Mexico by the rolls as insurance against a runaway inflation that often happen in banana lands,,,see Argentina. I buy mining stock and etfs....I plan to survive until I die....no more than that. Land in Mexico has never gone down....nor will there ever be a housing bubble. Real estate takes the place of CDs....if there is an emergency sell a lot or two....it is done that way here by rich and poor alike. I feel your pain. Eat Mo Mango.
Doug Casey: What to Do in 'The Greater Depression' [View article]
I buy silver coins minted in Mexico by the rolls as insurance against a runaway inflation that often happen in banana lands,,,see Argentina. I buy mining stock and etfs....I plan to survive until I die....no more than that. Land in Mexico has never gone down....nor will there ever be a housing bubble. Real estate takes the place of CDs....if there is an emergency sell a lot or two....it is done that way here by rich and poor alike. I feel your pain. Eat Mo Mango.