I know the Dad you're talking about is Alex Jones on InfoWar LOL.
Heh heh, you're probably right about that, too.
Theymos just started
a thread that's pretty much like this one. I don't watch the news--are the pundits predicting a global economic crash or something? Is there some really bad news coming out or rumors floating around about some impending disaster? As I said in Theymos's thread, the stock market has taken somewhat of a beating in the past week, but I'd been waiting for that to happen for a while now. It's not unexpected and not unhealthy for the market, but it also doesn't mean the economy is tanking.
I think the crisis has commenced as stock market is going down day by day. We should be able to recover maybe in 2 years time.
What? The Dow is still at 25,000 as I write this, and less than 10 years ago when we had our last financial meltdown it dropped to around 6000 if I'm not mistaken. What's happening now is just a correction IMO and not anything more than that--and I also don't think it's going to take 2 years to recover from the relatively small drop in prices that we've seen. Don't know what orifice you pulled that number out of.
Any idea of safety is an illusion. It's best to be prepared for the worst by not placing all your eggs in one basket and diversifying your assets.
I agree with all of that wholeheartedly. Diversity is the investor's best friend.