On Mon, 1 May 2006 04:01:22 -0500, macusr023[at]yahoo.com <macusr023[at]yahoo.com> wrote:
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You are entitled to your opinion. It may be wrong, especially the
extent of it, but it is not illegitimate.

If you want to act on it, check your 401k plan's options. Many plans
include an "international fund" of one sort or another. IRA accounts
that you can transfer your money to if you change your job, offer
plenty more investment options. You could even have a "brokerage IRA"
and buy or sell anothing publicly traded.

The existing imbalance of the US trade suggest that there is too much
demand for foreign goods, compared to demand for US goods, which
cannot continue indefinitely at present levels. It would likely be
corrected by a change in the value of the US dollar relative to other
currencies.

That does not mean that US dollar will become worthless, but it could
become "worth less". Also, this correction does not imply a collapse
of the US economy, however, a country that owes a lot of its own
currency has an incentive to devalue it, with attendant consequences.

I have to disclose that I own some foreign currency since 2003.

i

<macusr023[at]yahoo.com> wrote in message
news:1146444245.473224.151900[at]u72g2000cwu.googlegroups.com...
- quote -

out and bury it or put it under your mattress, also don't worry about paying
taxes because if the economy collapses paying taxes wont even be worth the
hassle, probably no one will be around to collect the taxes. Also buy
yourself a gun and lots and lots of ammo and learn to shoot.

Don Zimmerman <dwzimm[at]telus.net> wrote:

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Good advice!

On Mon, 1 May 2006 04:01:22 -0500, macusr023[at]yahoo.com wrote:

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Looking ahead that far, just about anything could happen, including
the US dollar being stronger than it ever was. So why not plan for all
possibilities: Put a lot of money in foreign securities, but keep a
lot in the US as well. It would also be a good idea to own a home free
and clear before retirement and maybe a vacation home with the
mortgage paid off. You could even consider a vacation residence in a
foreign country that you believe to be stable.

"John" <john.corey[at]gmail.com> wrote in message
news:1146558367.594740.91260[at]j73g2000cwa.googlegroups.com...
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I'm wondering if the poster is referring to the impact the Avian Influenza
may have on the US and world economy if it becomes a pandemic and everyone
decides to stay home as opposed to going to work? Admittedly, the thought
has crossed my mind.
How would something like this affect the money market mutual funds?

JW

Taken to the extreme you need a gun so you can hunt for your own meat
and fight off the beggars who did not make the same bet. You should
think of land and the means to be self sufficient. You can hold gold or
other assets that hold up when economies collapse.

You also have to expect that is the USD and the US economy fall apart
the world will also have a meltdown. Oil and other commodities will not
be available, etc.

So, two suggestions.

Revisit the data as the situation you want to hedge against is so far
out (more than 6 sigma) you might be reading the data wrong. Or you
might be over reacting to what the data is saying.

Second, you will need to be pretty extreme if you really want to hedge
yourself from such a melt down. If you do feel this strongly truly
consider a move for lifestyle and location. Lifestyle so you can be off
the grid so to speak. Change of country so you are not so close to
ground zero. Consider a remote island or a country like Switzerland.

Overall I think the fear of a meltdown as you are expecting is over
blown.

John B. Corey Jr.
Chelsea Private Equity, LLC
+1 (503) 906 7840 x1108
+1 (503) 210 0227 (efax)
john.corey[at]ChelseaPrivateEquity.com

Looking for hard money for you latest real estate deal?
Visit www.ChelseaPrivateEquity.com

joetaxpayer wrote:
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Not that I'm advocating his belief that the U.S. dollar will fai, but
if the banking system fails, the investment system that supports ETFs
also will fail. If he really believes that the banking system will
fail, he should cash out his 401(k), pay the taxes that are due, buy a
diversified portfolio of precious metals, take delivery, and store it.
(He can't take delivery if the funds are in an IRA.) If he buys the
precious metals in the form of legal tender coins, and worse comes to
worse, he can spend them for necessities in their country of issue.

Dave

macusr023[at]yahoo.com wrote:

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That's quite a bet you appear to be willing to make.
Data shows that in any ten year period stocks have beaten bonds or cash
for returns. Even in shorter timeframes, those in stocks weren't so bad
off. Even one who bought at the market's recent high of 1500 S&P is at
break even due to dividends. If you have 'several decades' ahead of you,
I'd still be aggressively invested in stocks, a low cost index (several,
actually).

But to answer your question; you should first transfer your 401k to an
IRA, and within the IRA, choose the foreign stock funds with an
overweight to the countries you feel wont collapse. If you believe that
the banking system worldwide will fail, there are now metal ETFs
available as well. You can now buy gold through an IRA using those ETFs.

Good Luck,
JOE

In article <1146444245.473224.151900[at]u72g2000cwu.googlegroups.com> ,
macusr023[at]yahoo.com wrote:
- quote -

Perhaps the best path would be to seek out a mental health
professional rather than a financial services professional.
Everything I can suggest is based on the premiss that the
US dollar is fundamentally strong and that a collapse such
as you are speculating about is impossible.

-john-

--
================================================== ====================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ====================

Hello,

I have a substantial amount build up into my 401k but have several
decades left before I will begin to collect. At this point I would
like to find a safe haven for this egg before the US dollar is deemed
worthless and the economy collapses.

What path do you recommend for this kind of withdrawal?