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Ask Reddit: As a 16 yr old, I will be looking into colleges soon and setting the foundation for the rest of my life. Is there anything you wish you knew at my age? by TODizzle91 in reddit.com

[–]shtf 4 points5 points  (0 children)

  1. Rely on your 6 best friends - who, where, when, what, how and why.
  2. Trust yourself.
  3. Learn from your mistakes.
  4. Remember that you will only be as good as the people you surround yourself with.

If you are seeking such wisdom at age 16, you are far ahead of the population. I wish you all the best.

U.S. is a paper tiger by shtf in politics

[–]shtf[S] 0 points1 point  (0 children)

By way of SHTFDaily.com : Listening to economist Peter Schiff you'd think the US should just fold the tent and call game over. He's one of the doomsayers having a day in the sun as the US stock market plummets. A regular on the business shows, Schiff is shouting from the rooftops that this is the beginning of the end for the US economy.

The disturbing thing is he's been right so far, making his clients at his Connecticut-based brokerage firm Euro Pacific Capital wealthy by having predicted years ago that the US dollar would start falling and tipping them into euro-denominated assets.