rpaco
Sergeant
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- 184
Ok there is a lot of information here and I haven't read all of it. Forgive me if I re-ask this.
I am a Britsh ex-pat living in America. I am solvent but no pension, I have savings but not enough for 20% down on a first house.
I will have to purchase a house very soon and then once again be in necessary debt.
Given Rob's predictions and acceptance of a recesion on the way:
What is the best way for me to survive this? How can I lessen the negative effects, keep my house (assuming I keep my job)?
Buy uranium and hide it under the bed? Hoard gasoline? (I kid, chaps).
Seriously, what is the best course of action for those in America, given this 'writing on the wall'?
Best Wishes,
Matt
Visions of a high bed on a tank made of uranium and filled with gasoline.oh: Mad Max looms beyond the thunder dome.
However I understand that the water crisis has already hit parts of the US, with rationing and some towns now getting their water daily by tanker. No I realise it isn't widespread, but did you expect it in the US.?
We shall have similar problems in the UK requiring a major pipeline from the North where it is always raining.
So apart from the one Rob mentioned who makes big water pipes and pumps? (Preferably listed on the LSE)
Oh just to chuck in a googlie (thats a wonky ball in cricket) I read last year that China had absolutely mega major reserves of Gold. So they can afford to tear up lots of dollars bills, if they wanted they could sell the USD so short it would be worth a couple of cents in a few weeks.