Archive for July, 2006
Monday, July 31st, 2006
Synthetic Financial Disasters - Part IV: Energy Armageddon
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Get Rich Slow + Get Rich Quick = Get Rich Slick. If you’re new here, you may want to subscribe to my RSS feed. In part IV our our Synthetic Financial Disaster Series, I’m writing about the […]
1 Comment » - Posted in Financial Safety by RichSlick
Saturday, July 29th, 2006
Synthetic Financial Disasters - Part III: FDIC/SIPC Armageddon
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 of […]
1 Comment » - Posted in Financial Safety by RichSlick
Friday, July 28th, 2006
Synthetic Financial Disasters - Part II: DeGentrification & Geriatricfication
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 renewal and […]
1 Comment » - Posted in Financial Safety by RichSlick
Thursday, July 27th, 2006
Synthetic Financial Disasters - Part I: Boomer Armageddon
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 […]
2 Comments » - Posted in Financial Safety by RichSlick
Wednesday, July 26th, 2006
Financial Disaster Readiness - National Disaster
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 this […]
No Comments » - Posted in Financial Safety by RichSlick
Tuesday, July 25th, 2006
Financial Disaster Readiness - Local Disaster
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 […]
No Comments » - Posted in Financial Safety by RichSlick
Monday, July 24th, 2006
Financial Distaster Readiness
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 […]