Economic collapse and financial crisis is rising any moment. This is a tough topic, because people either don’t won’t to believe it or are not capable because they lack the knowledge to comprehend what is being said. When you understand that our country can only operate based on debt/credit, not physical dollars, you finally see that the USA is a huge Ponzi scheme built on nothing more that our ability to borrow money.
Our status as the world reserve currency has allowed us to borrow money that we do not have. The government says that there are 10 trillion dollars sitting in the US Banking system that we can go and easily withdrawal. How can that be true when there only exists 1.4 trillion of real money in circulation (dollars and coins) and more than one half of that is outside the US. This doesn’t include the 10s of trillions more that we owe other countries that have purchased our debt. If our creditors were to all come and ask for their money at one time there would be less than $1 dollar for every $1000 dollars owed. The world economy collapses. All Great empires based on fiat currencies end in this way. People I talk to like my wife and friends have no clue what is coming.
This is a long video and I have edited it to half of its original length. It is the single most logical and credible documentary I have ever watched on the future of the US economy. It makes be sick that the Fed decided to bailout the corrupt bankers instead of the US citizens. Instead of bailing out the banks, the Fed could have paid off every consumer debt in the country and freed up trillions of dollars for the consumer. Instead they padded the pockets of the banking elite. I wanted to puke. Now they are setting things up to try one last historic cash grab.
Driving the stock market to all time highs so then can short the hell out of it. I think Trump will snuff if he is not assassinated first. I am 58 years old and a registered professional engineer in Maryland. I have owned 3 very different types of businesses over the past 30 years. I am now retired. I have watched hundreds of videos on the economy and done years of research into past financial failures going as back before the Roman Empire. Dr. Paul Roberts is one of my followers and referenced me in a video I produced on Sandy Hook. People do not want to acknowledge that the fall of fiat currencies is nothing new and that the US has made it this far ONLY because we are the default reserve currency of the world. There have been 440 economies based on fiat currencies in modern history…. They have all come to the same demise, FAILURE. Having an education in Engineering with a minor in mathematics I do not believe that the US is exempt from the natural laws of economics. Please watch the video and prepare as you deem appropriate.
You may want to research “normalcy bias”; it explains why people have a hard time excepting the true outcome of a situation that has played out the same way again and again throughout history. I keep hearing from my friends and family that the US is different. That is true. The US is in much deeper shit than any country in history. If you doubt that watch the entire video. You cannot deny the logic!!
This collapse will be global and it will bring down not only the dollar but all other fiat currencies,as they are fundamentally no different. The collapse of currencies will lead to the collapse of ALL paper assets. The repercussions to this will have incredible results worldwide and each economists contend that The dollar collapse.
How do you prepare yourself and your family for the prospect of an economic collapse? Here are some recommendations.Stay out of debt — Do everything you can now to get out of debt. If you are carrying debt when entering an economic collapse, you are likely to lose everything – your home, your retirement funds, and a comfortable future.
Build an emergency fund — It is recommended that single people have at least 3 months of cash to pay their bills. Families should have 6 to 12 months of emergency cash. Building up a cash reserve allows your family to have a buffer against illness or job lost. In an economic collapse environment, it is very possible that you will need to move to a different location to take a new job, escape civil disorder, or to live in an area that produces food. An emergency fund will give you the bridge to a new live.
Save a portion of your investable assets in gold and silver coins. 10% of your investable assets in physical gold and silver is a strong hedge against hyperinflation and economic collapse.
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Start a part-time home based business, which can be your fallback job during an economic collapse. The home-based business should be some type of service that will be valuable even in a bad economy. Services such as home repairs, gunsmith, plumbing, electrician, HVAC service, auto repairs, medical care, tutoring, accounting, legal advice, and other direct serviceswill be needed even during an economic collapse. Avoid those services which rely on discretionary income, such as travel agent, tour guide, trade in collectibles or art,
Get rid of your toys — And acquire tangible assets. What good is a jet ski, boat, beach house, time share, RV, or other expensive toys, if you have insufficient retirement funds or no stored foods. If you have the opportunity, sell the toys. Buy guns, ammo, gold, silver, and long-term stored food.
Gear up now – Get all your gear now. When an economic collapse occurs, the acquiring phase of your life ends. And the consumption of your stored goods will occur for following 5, 10, or 15 years. Stock up on camping equipment, guns, ammo, garden tools, garden seeds, home repair tools, sewing machine, home canning supplies, home security devices, supplies for your home business, and what ever you might need to enable a home-based business.
Be able to produce food – Have your own garden, if possible. If not possible, at least store a variety of garden seeds. Being able to raise chickens or rabbits for food is a valuable way to provide protein for your family. Connect with local farmers ahead of time to formulate barter deals. If you are an accountant, offer to do the taxes for local farmers in return for food. Or some connected food producers to whatever home-based business you might be able to run. Understand what wild foods are growing near your home. Learning to hunt, trap, or fish near your home as a way to feed your family, when without an income. The benefit that many families had in the 1930?s great depression is people were still connected to the land. Most families in the 1930?s had a garden and did home canning. Gardening and home canning require many seasons of practice before it become sustainable. So start today!
Attend to any outstanding health issues. If you have any pending surgeries or dental care events, get it done as soon as possible. If and when an economic collapse occurs, your access to health care can be severely limited. It is important to have good dental hygiene. Stop smoking and stop use of any tobacco products. Address any addictions to illegal drugs, prescription medicines, and alcohol. Addictions are a path to ruin before or after an economic collapse. Build up of store of medical supplies, over the counter medications. Consider learning about natural remedies that you might grow in your garden.
Build relationships now. Build strong connections to your family, friends, and neighbors. You will need them during an economic collapses. A strong network can help you find a job. Can help you find a missing part for your equipment. Can help find customers for your home-based business. Can be your safety net, if all else fails. Country cousins are especially valuable, since they will likely be able to obtain and grow food, where a city slicker cannot.
Build a food reserve. Having 6 months or more of stored food will provide a buffer against job loss or illness. Start with canned foods until you build up a store of 6 months, and then rotate actively. Then after having 6 months of canned food, then start to acquire long-term store food in the form of dehydrated or freeze-dried food. Bean, rice, and wheat, if properly stored, can last for 10 or more years. The biggest 2 worries during an economic collapse are food and shelter.
Payoff a piece of property. If you are able to pay off the mortgage of your home before an economic collapse, you will be far ahead of everyone else. During an economic collapse, homes are actively foreclosed, families are turned out to the street, and homelessness rises. This was demonstrated in the 2008/2009 panic and recession. In a great depression, unemployment can reach 25% or more. Especially valuable will be farm land, where you can grow and sell food.
When civilization collapses, he predicts, the world will go back to barter. Urges everyone to have a disaster-preparedness kit containing enough food, water and other supplies to last 72 hours. This is sensible advice, and prepares have a point when they mock those who ignore it.
Strategic relocation is the process of finding a safe, defendable home for your family. Whether you’re fleeing economic collapse or natural disaster the location you choose may determine your fate.
In today’s mainstream bookstores, it’s easy to find information about the “best places” to live. Such literature undoubtedly will concentrate on the positive aspects of life, such as numbers and ratings of golf courses, the quality of healthcare, warm sunny climates, availability of cultural activities, status of educational institutions, and the growth potential of the local economy.
But while these highly-rated metropolitan areas may offer ample opportunities to enhance your lifestyle, what happens when a major crisis strikes? What if:
A labor crisis halts the inflow of food and business goods? Will these communities provide the basic necessities of life?
An economic crisis that threatens your pensions, investments and other so-called “guaranteed” income?
a major earthquake or other natural disaster suddenly upset the natural social order for months at a time? Could you get out of harm’s way if massive social unrest erupts in the wake of a crisis?
the area’s freeways are clogged during an emergency? Do you have contingency plans to exit the area?
if the “unthinkable” happens: nuclear war? Or have you thought about the potential of a major terrorist attack on a U.S. city with chemical or biological weapons?
Governments will not give you advanced notice of a debt, bank holiday, or other very bad economic news. Governments will kick the can down the road as far as possible. Instead of confronting the problems when small and manageable, they will wait and delay until the problem is beyond anyone’s control. Bank holidays and gold confiscations occurred in the US in the 1930?s. If another great depression occurs in the US, expect that all measure will be taken to fund the government. This includes taking your retirement fund, bank account haircuts, and cuts to social security benefits.