Showing posts with label Depression. Show all posts
Showing posts with label Depression. Show all posts

Monday, September 29, 2008

What to do about this financial situation?


The Dow suffered its worst one-day point loss ever on Monday after the House of Representatives failed to pass a $700 billion financial bailout plan aimed at rescuing Wall Street from the most serious credit crisis since the Great Depression. The dramatic day on Wall Street also saw Citigroup take over Wachovia's banking operations in a government-assisted deal, and the second-largest percentage drop in crude oil since April 2003.

1 - If you own stocks, mutual funds or bonds, sell them and take what you can, buy gold, foreign currency or just plain buy the things you will need the next couple years.
2 - If your kids need shoes, find a sale TODAY and buy two pairs (anything that is on sale, get two).
3 - Don't let the drop in oil prices fool you, gas is not going down, what has happened is speculators are backing off and that is not a good sign. Save as much gas as you can, stop the unnecessary driving folks!
4 -
After doing the above, invest in God's Kingdom! It's the only thing that will give a GURANTEED return!