What do WE do about the upcoming financial crisis?

[John Doe]

This may be in the wrong forum, so mod's feel free to move as needed - I just know there will be more hits here.

What is everyone here doing to prepare for a financial/economic meltdown? My mind sort of spins when I think of how to prepare my family and I for this...:panic

I don't know whether to stock up on non perishables, or to invest all of our money into something stable like gold...


So which direction are you all going for this upcoming dilemma?:wave

[Waiting...]

I really do not know if we are going to have a full-blown financial "meltdown". Maybe I am in denial. It just seems that every few yeas we jump on the "sky is falling" bandwagon. I am not accusing you of this John Doe, please do not be offended. I too see all the signs, but it is really difficult for me to accept this until I see more than "reports" from financial agencies.

[John Doe]

Well perhaps I am magnifying it some by saying it will be a meltdown - I think more accurate would be the recession of the value of the dollar.

[medbiller777]

I think if you were to post this in the economics forum you would get alot of useful advice. JDS has tons of threads in there about what is being reported and some great advice on how to avoid some of the coming economic fallout.

[Waiting...]

Well perhaps I am magnifying it some by saying it will be a meltdown - I think more accurate would be the recession of the value of the dollar.

I understand.:hug

I am curious though if we will ever have another 1930s styled depression?:idunno

[Nova]

I'd say if you have to choose between stockpiling food or gold; go with food. It is something you will always need & easy to barter.

[John Doe]

Who knows, but whatever it is exactly, it won't be good... I feel a calling, and am trying to discern if it is from the Lord by praying about it and speaking with others about it... but I feel a calling to sell my business and join my church full time and really make the best of these times that we're in (fully knowing it's the end times). I've spoken about this with my pastor, and we have prayed about it together. I think looking at this all from a financial standpoint, if our economy will fall for the most part, and my business may just go under - I would rather just sell it now and join my church and avoid all that!:thinking

My problem is I'm young, married and with a little one on the way... and I'm worried about creating an unstable environment if I don't need to... even though I know the Lord will see us through any adversity - I just need to know for sure if it's my calling!

Forgive my rambling...

[Cameron]

We do nothing. These things are cyclical. Its a way to shake out the mistakes and get back on track. It will all be o.k. :)

[Nova]

Thought about editing my post & just decided to add a new one.

It took me 6 months to wrap my head around the idea that a major meltdown is coming. It is so hard to fathom. But when the comptroller of the US puts out a report (this past Aug) that we as a nation are in trouble, you have to really consider it. As far as getting ready, I'm not. I'm still in the planning stages.

I recognize that most of the posters here are pre-trib. I'm not sure exactly when to expect the rapture. I'd say I'm more of the mid trib opinion. I'd really, really prefer not to be here when everything meltsdown. Because I expect it to be worse that the depression in the 30s. And I expect it will pave the way for a one world financial system (as referred to in Rev.) So after much prayer, I've decided to prepare. I have unsaved loved ones who will benefit from my provisions, even if I'm not here.

[Nova]

John, what kind of business? Depending on what you do, you may be better off keeping it (ie anything related to food or basic necessities.) But if it relates to tourism or luxury items, those are always hard hit in any economic downturn.