Month: July 2006

In part IV our our Synthetic Financial Disaster Series, I’m writing about the one global crisis that may send the global economy into meltdown. I’ll start by stating a few obvious statements that may be contrary to the popular gloom and doom scenarios I’ve been reading about lately. First, the Earth will NEVER run out…

In Part III of my Synthetic Financial Disasters series, I’m going to focus on the implicit trust we all seem to have in our financial institutions and whether that trust is truly warranted and what potential disasters loom in our near future. Over the past few years I’ve frequently opened bank accounts (checking, savings, Certificate…

As discussed in Part I: Baby Boomer Armageddon, the United States has some potential catastrophic financial disasters looming in the near future.  Today, I’ll write about a second lesser known issue that deals with real estate and healthcare which I’ve titled, “De-Gentrification & Geriatic-fication Armageddon” What is De-Gentrification? Gentrification is defined as “the process of…

In my continuing series of Financial Disaster Preparedness, I’m going to focus on Synthetic and Systemic problems that have the potential to create financial Armageddon on a national and global economic scale. I’ve broken down these hidden disasters into four types: “Boomer Armageddon” “De-gentrification/Geriatric-fication Armageddon” “FDIC/SIPC Armageddon” “Energy Armageddon” I’ll focus on the first and…

Scenario 2 -National disaster that impact the overall economy (e.g. 9/11, avian flu, grid blackouts, global war) After the 9/11 terror attacks, trading shutdown for a few weeks and the national economy fell into a slump. How do you prepare for the next big disaster that will impact your personal net worth? I will preface…

Scenario 1 – Localized disaster that impact you directly and personally (e.g. Hurricanes, Earthquakes, Tornados, Terrorist attack) When Hurricane Katrina wiped out New Orleans, I was personally involved with the human recovery efforts in trying to help evacuees find housing, jobs, money, etc. I am still haunted by the desperation of so many and the…

I’ve been reading a few blogs over the past week and have come upon an interesting phenomenon amongst many financial bloggers. The phenomenon is that many people in the financial blog world have implicit trust of financial institutions and operate on the continued assumptions that things will always be as they are today or things…