Shannon's Journal Discussion

[DarthXedonias]

Hey Shannon. I loved to see that you are into economics in the AM7 thread. It was just a few lines there, but sadly enough most people have no understanding of the economic system at all. It's good to see that people taking care of themselves in that area!

Btw, I read these posts in your journal that you are working until 3AM somtimes. I presume you work these hours in front of a computer screen? Have you tried f.lux on your computer yet? Optimizing the light in your environment might really improve your productivity. I do not know of course, whether it is good or not right now. I would love advice you on it, if it is not an area of your expertise. Just let me know!

Ha, its interesting that you mentioned that inconceivablezen because I was going to comment on the same thing. I didn't know there were others on this forum who were aware of what the federal reserve was doing with all its money printing. In my opinion its either going to end in very high inflation or hyperinflation. Thats part of the reason why I plan on moving out of the U.S. after I finish my degree :x

Where will you move DarthXedonias? The sad thing is, all contries are destroying their economies. The EU and China do the same thing. The US also slowly loses some freedom every year, but there are bright points as well. Gay rights are better than ten years ago, and people are slowly turning against the war on drugs. But I'm afraid that it's too little, too late.

This is true to a degree but I think there will be some countries that will be able to recover and others that will not. I mainly believe western countries (EU, USA, Canada) will be the ones that won't recover and the ones that see what is coming (mainly none western countries) will be able to prepare and mitigate some of the damage this coming correction is going to bring. I mean as catman pointed out and I have read lots of countries , including china, are starting to diverse away from the US dollar because they obviously see whats coming. I think thats also why the BRICS made the BRICS bank two years ago. The BRICS know the IMF is not going to be really competitive after the crash hits so I think they are trying to jump at this opportunity.

As far as what country, not sure yet. I plan on teaching english as a foreign language for a while and in the process hopefully I will find a non-western country that I like and want to stay in. My main concern right now is not to be holding my wealth in US dollars when this whole thing happens, that way I might actually get some good opportunities to prosper when this thing hits and buy assets (Stocks, land, etc) when they are dirt cheap when you convert from a strong currency to USD.

On a side note, its hilarious how people act when you try to explain to them what the Federal reserve is doing to the currency. Its like they just don't want to believe that it could happen so they just dismiss it and keep going about their lives as though its not going to happen. Its like they believe the laws of economics don't apply to certain countries. Anyway, thats my rant for today.