Where is the U.S. Dollar Headed?

 Things have really changed in the U.S. economy since 2007.  The real estate we've held has dropped dramatically, cutting into our networth in the hundreds of thousands. I am thankful for a good job that pays me well, but I don't even begin to assume that I'll have that forever.  I've seen some amazingly talented workers get laid off in the last 2 years.  I've watched them struggle to find jobs, make mortgage payments, and many have filed bankruptcy or simply lost their homes.  We've all heard the stories.  The lines at the food banks get longer each week while our country's leaders borrow more in a misguided effort to stimulate the economy.  Most of us know that with our own household budgets, you cut spending when you can't meet your bills; borrowing more simply leads to a bigger fall in the end.

So what do we do?  Do we sit back and passively wait to see what the Federal Reserve and the White House comes up with to try to save our economy?  Or, do we do some legwork of our own to find out what history can tell us about other countries that have struggled similarly?  How did the people survive when their monetary system crashed?  How can we personally avoid adding to the problem and actually become part of the solution?

Just some questions and thoughts that have been on my mind lately.  I'll post more with links to some research I've done of late.  I know that this is not a popular subject.  We all would like life to go on as it has for decades.  I just really don't think that is going to be the case.  I think the next 10 years is going to look dramatically different than the last 10 and I want to be as ready for it as I can possibly be.

Image: Salvatore Vuono / FreeDigitalPhotos.net

Is it Just Me?

OK I admit it. I'm a staunch conservative. I didn't used to be. Back in the mid-80's I fled a legalistic and extreme religious environment and spread my wings and swung over to a fairly liberal mind-set. That phase only last a few years. Once my rebellious anti-everything-I'd-ever-been-trained/taught mode waned, I began to pay attention and really examine the political world around me. I attended town-hall meetings held by my state legislator, I talked with candidates that went door-to-door and even started watching websites for current and wanna-be candidates. I started listening to talk radio and forsaking the typical news outlets which seemed very slanted to me. I worked hard to actually be informed. I didn't want to blindly follow anything anymore.

Well the news of late has really got me in a very defensive mode. I am starting to feel like I need to defend my personal property, my finances; my general way of life seems to be in jeopardy. The dollar is falling, rampant inflation is probably less than a year away (keep printing that money!). What now? What if I lose my up-to-now safe, well paying job? What would we do if our money became nearly worthless? How would we pay our bills? Buy food? Keep a roof over our heads? It seems that a lots of things I've taken as a given, may actually be in jeopardy. I'm turning 50 in about a month and retirement usually isn't far from my mind. Will I now have to work until I'm 70? Will I even have a job? Ah, so much to think about.

Should I buy gold? Silver? I most certainly want to pay off as much debt as possible, no question there. Debt is certainly a bad thing in our world's current situation. I don't' want to be beholden to anyone if I don't have to.

But man, do I still want to travel the world, spoil my grand kids, help out my kids as they start up their new families, be generous with my charitable giving. I really want that new computer monitor, new software, iPod Touch (thanks for the tip JD!), camera accouterments, and more. Oh and my tires need replacing, the yard is a disaster and needs new sod, and I need a new wardrobe. My house still has a lot of painting to be done and curtains to put up. I can see that I have a real struggle in front of me to curb my years of easy spending.

I've been very reticent about posting my thoughts on this; worried that some will see me as a conspiracy theorist or just plain batty with my concerns.

Too bad.

I am out in the open now.