Comments on: Survival Economics: Should your Financial Future be in a Hole in the Ground? http://20somethingfinance.com/should-your-financial-future-be-in-a-hole-in-the-ground/ Personal Finance Blog for Young Professionals Thu, 09 Feb 2012 00:08:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Edwin http://20somethingfinance.com/should-your-financial-future-be-in-a-hole-in-the-ground/comment-page-1/#comment-4480 Edwin Wed, 02 Sep 2009 08:13:29 +0000 http://20somethingfinance.com/?p=576#comment-4480 Centainly! This figure will happen in a near future. We should aware and prepare for the market changing. Centainly! This figure will happen in a near future. We should aware and prepare for the market changing.

]]> By: Craig http://20somethingfinance.com/should-your-financial-future-be-in-a-hole-in-the-ground/comment-page-1/#comment-1465 Craig Fri, 05 Dec 2008 19:57:37 +0000 http://20somethingfinance.com/?p=576#comment-1465 Very cool Pepsi video by the way. I can't imagine people are actually burying their cash. I don't get it. I still think your money is safest in the banks. There are gov't guarantees if something happens, so everyone will be fine. Very cool Pepsi video by the way. I can’t imagine people are actually burying their cash. I don’t get it. I still think your money is safest in the banks. There are gov’t guarantees if something happens, so everyone will be fine.

]]> By: Shaun Connell http://20somethingfinance.com/should-your-financial-future-be-in-a-hole-in-the-ground/comment-page-1/#comment-1464 Shaun Connell Fri, 05 Dec 2008 19:20:42 +0000 http://20somethingfinance.com/?p=576#comment-1464 Dead right. That's one thing that I've never been figuring out. If a bank fails, then you have the FDIC....if the federal government can't bail out the banks... Well. It would make more sense to save beans and rice. ;-) But I don't think we have to fear anything like this in the near future. The federal government is about to rectify the situation in the next few months, and the market will also auto-correct. It'll just take time. Dead right. That’s one thing that I’ve never been figuring out. If a bank fails, then you have the FDIC….if the federal government can’t bail out the banks… Well. It would make more sense to save beans and rice. ;-)

But I don’t think we have to fear anything like this in the near future. The federal government is about to rectify the situation in the next few months, and the market will also auto-correct. It’ll just take time.

]]> By: stephanie http://20somethingfinance.com/should-your-financial-future-be-in-a-hole-in-the-ground/comment-page-1/#comment-1458 stephanie Fri, 05 Dec 2008 15:40:27 +0000 http://20somethingfinance.com/?p=576#comment-1458 Right now I feel like my money is pretty safe where it is - in mutual funds and banks. I haven't used cash regularly in years, so the idea of hiding it around my house seems rather crazy. As you mention, in the event of catastrophe, cash will be useless anyway, so there is no sense in hiding it around your home and gaining zero interest. As for bartering, I have no clue what I would do. I know how to knit scarves (but that's the only thing I can knit!) and I used to babysit a lot - will people need babysitters? This is a good question, I'm going to think on it for a while! Right now I feel like my money is pretty safe where it is – in mutual funds and banks. I haven’t used cash regularly in years, so the idea of hiding it around my house seems rather crazy. As you mention, in the event of catastrophe, cash will be useless anyway, so there is no sense in hiding it around your home and gaining zero interest.

As for bartering, I have no clue what I would do. I know how to knit scarves (but that’s the only thing I can knit!) and I used to babysit a lot – will people need babysitters? This is a good question, I’m going to think on it for a while!

]]> By: Jo http://20somethingfinance.com/should-your-financial-future-be-in-a-hole-in-the-ground/comment-page-1/#comment-1457 Jo Fri, 05 Dec 2008 15:02:01 +0000 http://20somethingfinance.com/?p=576#comment-1457 Bwaha! Groundhogs! Good stuff. Seriously - I wouldn't be able to sleep at night with my cash there for the taking in my back yard! Credit unions who didn't get involved in risky CDO's are probably the safest bet for your cash. But the 2 liter is a pretty sweet idea also. Bwaha! Groundhogs! Good stuff. Seriously – I wouldn’t be able to sleep at night with my cash there for the taking in my back yard! Credit unions who didn’t get involved in risky CDO’s are probably the safest bet for your cash. But the 2 liter is a pretty sweet idea also.

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