Words of wisdom for these dangerous times

dno
> Hi,

> The following isn't my wisdom (I'm not that
> smart--yet--in financial matters). I saw it
> on another forum.

> [quote]

> Here is my contention, if you get out of
> debt and put your excess funds into real
> assets that can produce cash-flow, then you
> will be on top when all these claims are
> settled. [Note from Boyd: what the author
> means by 'claims' is that Americans have
> claims to more wealth than actually exists.]

> The reason for that is because you will have
> invested in the real economy. You can also
> put some assets into gold and silver because
> those assets will hold value irrespective of
> the other settlement process taking place.
> If you put wealth into any kind of debt
> obligation including a bank account or FRNs
> [Federal Reserve Notes] in the drawer,
> expect to have it revalued in some fashion.
> However if you own part of a debt-free
> positive cash-flowing business that produces
> something the economy needs, you will be in
> good shape. You can find companies like that
> on the stock exchanges or you can find them
> in your community if you look around.

> [unquote]

> Hope this is helpful in some way.

> Best,

> - Boyd