America is in no state to weather a major economic crisis. The worst case scenario is a total collapse of the worldwide currency system. I think they are wrong, and things will not get that far out of hand, but what they see is merely highly improbable, not crazy and impossible. I am positioning myself for a deflationary slump, not for a total collapse. As a cautious, patient investor I consider the best strategy to be to preserve ones liquid wealth with the expectation that in due course it will be possible to buy up sound, productive assets at bargain-basement prices.
Quiet contemplation is the best speed.
If, in the very unlikely event that things are going to get that bad, I expect that there will be warning signs and that I will be alert enough to see them. Time for you and time for me, And time yet for a hundred indecisions, And for a hundred visions and revisions, Before the taking of a toast and tea.