I'm really worried...

[Baconsticks]

Were all going to die.

[Kazapsky]

Canada's economy is tied strongly enough to its US counterpart that we're pretty much guaranteed to go down with them if this "crash" runs its full course. We can try all we want to diversify, but Uncle Sam's combination of buying power and proximity has always been overwhelming. We'll either go down with the ship or turn our economic system inside-out overnight, neither of which would be pleasant.

[Doc Sigma]

(This is my from my dA journal for today, but it's very important and applies you too.)

Now normally I pretty much stick to talking about me here--what I'm doing, my art, what I think of politics--because, well, it's my journal. But today I want to talk a bit more about something I'm worried about that's not going to affect me, but rather you.

This morning the dollar fell to 1.51 against the Euro, 1.02 Canadian, and .94 Australian. Gold is almost to $1000, Silver to $20, and Oil is at $100 a barrel. Food prices are also skyrocketing. The Fed, meanwhile, wants to cut rates even further. The dollar is collapsing, and there is nothing to stop it.

I don't have to tell you that this is very bad news for all US citizens, so I'll skip to my point: if you have any savings at all, please get it out of dollars! Buy gold, silver, stockpile food, even buy foreign currency. I don't care what you do, get it out of the bank and into something safe!

The dollar crash is mostly only a problem for us Americans, but the real estate crash effects everybody. If you have a house, sell it! You've probably lost tons of money on it already, but if you wait, you'll lose even more. Get out of debt! Store some food!

You are all good friends of mine, so I hope you'll perhaps listen to me on this. A lot of people are going to be made desperate and miserable by all this, and I don't want it to be any of you. There's still time.

These are going to be hard times for everybody, but you can avoid the worst of it. The thought that any of you might have your lives ruined by this is very upsetting to me, and I hope that you will take a moment to think about it and do something. Please.

[Zaaphod]

Unlucky. Still, a full blown economic collapse could lead to the resurrection of authentic blues music.

Now THAT'S definitely a silver lining.

[GeorgiaCoyote]

I am glad to see you voicing such concern over this. It shows a healthy respect for current events. I for one am no economic expert and don't ever claim to be one but from previous recessions we've always been able to turn it around. I doubt we're headed for an all-out crash of the markets but your concerns are valid. I'm hoping if anything, we all wake up and start looking at ways to conserve energy and invest in alternate energy sources so we can get out of the strangle hold OPEC has had on us for so long. Another problem is the loss of jobs. People wander why there's such dislike for Bill Clinton among some folks down here, it's because of his whole NAFTA mess. Yes folks, don't forget whose brainchild NAFTA was. Now pretty much all textile mills here in the South and the Midwest is still suffering from dwindling jobs. Bottom line, the whole economy thing can get complicated fast. My solution, spend when ya can, save when you should, and try to avoid too much debt.

[Muninn]

Unlucky. Still, a full blown economic collapse could lead to the resurrection of authentic blues music.

Now THAT'S definitely a silver lining.

Agreed.