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Subject:  Re: Hybrid Annuity Date:  9/25/2013  9:36 PM
Author:  pauleckler Number:  73317 of 100984

If you truly believe the greenback is destined to go to zero, your only option is to buy commodities. Land is probably the best one, especially if it is land on which you can raise food for you and yours. But I think you will need machine guns to protect it. So plan on bringing along friends and family to help.

Personally I think the US has very substantial assets that can be sold at some value to cover debts and make the greenback worth something. Of course all those petro dollars and foreign exchange dollars held by the Chinese must be given some value. Otherwise, no more trade. Perhaps they will buy title to most US land and businesses. More likely we will sell off a few possessions such as Wake Island, etc. There are also national treasures like National Parks or the mall in Washington DC.

But what is the alternative. We must have our oil no matter what. At any price. Even if our money comes back at us as attacks from the Muslim world.

As to insurance companies surviving greenback failure, they often own lots of hard assets like real estate and office buildings. They could be ok when the dust settles. But the chaos resulting could mean that will take years.

As to the annuity, don't forget inflation. In 30 yrs, your living expenses will double at least twice. $40K could turn out to be a pittance. Especially if the greenback is worthless.
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