Economic Survival–How Will Wall Street’s Latest Shakeup Affect You?

            I was amused this morning while listening to the news, since they talked about stock markets diving and worries about AIG being the next domino to fall, then tried to reassure us all that it’s not as bad as it looks.  Which is it?  Time to panic or time to be calm and stay the course?


            Supposedly, the majority of people who lose their jobs at Lehman Brothers or Merrill Lynch can go elsewhere on Wall Street.  That’s not so bad if it’s true, but it still has to be quite an upheaval in all of those affected households.


I’m certainly no financial expert, but I appreciate what someone said on NPR.  If you haven’t speculated in houses in Miami or San Diego, all of this isn’t a problem for you.  Well, that covers me.  I’m not invested in the stock market either, so I have no money tied up in the black hole of derivatives.  All I can do is observe what’s happening.


            Another alleged expert on financial matters said the rest of the world is getting worried because the U.S. has been a locomotive for the economy, and if it’s in trouble, then we could be headed for recession.  Recession?  That sounds mild.  What will happen to the dollar as the world’s confidence in the U.S. slides?  That may have a ripple effect on us all in one way or another.  At least oil and other commodities are coming down in price.  Who knows how long that will last?  It’s good news if gas prices actually come down more.


            All of this makes a good case for having storage food and other survival supplies at the ready at your home.  As Survival Sam has put it, you can’t eat gold, so now’s not the time to buy it.  Make investments in things that are actually useful to you, including items for barter.


            However, if you’re adversely affected now and need some help in slimming down the budget, click here for Living on a Dime, which has information you can download to your computer right now on managing your money, getting out of debt, spending less on groceries, planning economical meals, and more.  If you’re raising children, you need all the help you can get to stretch those dollars.  In fact, right now Living on a Dime is having what they call their Living On A Dime Extravaganza e-book package, where you can get everything they offer.


Personal finances can be a touchy subject.  You may not want others to know what you’re going through, but you can get the information you’re looking for privately on your computer.  Those around you will think you’re a financial genius when you start putting your new discoveries into effect.  You can order e-books individually to fit your needs from Living on a Dime, or you can click here and order the Living On A Dime Extravaganza e-book package now.  Either way, you can take control of your financial situation, regardless of what Wall Street does today or tomorrow.


Author: John Wesley Smith

John Wesley Smith writes and podcasts from his home in Central Missouri. His goal is to help preppers as he continues along his own preparedness journey.