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Tuesday, June 23, 2009

Good Advice, Lynn Marzulli

Lynn had a blog post yesterday at www.lamarzulli.wordpress.com where he told people to have some cash at home.

Then, there is this news (and I present it to you with my recommendation that you might want to think about living within your means and setting aside some cash):

“Some US embassies worldwide are being advised to purchase massive amounts of local currencies,” writes Harry Schultz, “enough to last them a year.” Schultz publishes the Harry Schultz Letter, an international investment, financial, economic, and geopolitical newsletter named as “Newsletter of the Year” by Peter Brimelow of Market Watch in 2005 and 2008.

Schultz believes the global elite are in the process of engineering an FDR-style “bank holiday” of undetermined length in order to “sort-out the bank mess” and impose new bank rules.

Lesson of this blog post: Be ready financially (if you can). Set aside some money. Find dollar alternatives, such as commodities. Foreign currencies like the Canadian dollar might not be a bad idea either.

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