We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
When I read this, I wish he were back in the government. A quote:
If you look at the entire radar screen of things developing both domestically and internationally, we are plunging deep into a perfect storm of policy failure. The American Imperium is collapsing. There is blowback everywhere. The wreckage of prior policy mistakes from our interventionist foreign policy is coming home to roost. The Ukraine is one area at ground zero for that.
But second, monetary central planning is now reaching a dead-end. It is inflating the third financial bubble of the century and the Fed is now clueless as to how it will manage to unwind the massive balance sheet expansion it has been undertaking.
And third, the fiscal doomsday machine continues to crank on. Washington is ignoring the fact that we are six years into a business cycle expansion and we are still running massive deficits and there is no cushion for the next upset that comes to the economy.
Depends on how much you have in your 401k and how much you believe a devastating crash will happen. You could borrow from yur 401k and buy gold/silver. If your 401k was worth about $100,000 this would under most plans allow you to borrow $50,000 leaving the other $50k at risk (well both $50k will be at risk but we don't know which one will survive). But if you have $400,000 in your 401k you still can only borrow $50k under most plans. So if you have a small fortune in your 401k quit your job and convert your 401k to an IRA. Then convert your IRA to a self directed IRA and buy prescious metals or something else you think will survive the crash. If your 401k is small, say $20,000 or so then maybe you should direct your efforts elsewhere. Like going on a budget and putting half your takehome into PMs or something safe. Just be aware that no matter what you do It will probably be the wrong thing.