I’m recommending this video from Glenn Beck as he discusses the current inflationary environment we find ourselves in and the news spreading across the internet about our banking system:
The U.S. economy is in trouble, and Americans are feeling it. But thanks to central banks around the world, it’s not just the U.S. dollar facing a potential collapse. In this clip, Glenn explains how the world’s central banks are ‘DESTROYING EVERYTHING.’ He explains how — even though it may seem like it’s gaining strength today — the U.S. dollar is facing a potential crash…a crash that could potentially turn America into Venezuela overnight. So, it’s best to prepare for all worst-case scenarios NOW. Glenn provides actions YOU can take to prepare today.
* * * * * * * * * * *
* * * * * * * * * * *
Movies/TV Shows:
Books:
MiniFarming: Self-Sufficiency on 1/4 Acre – Great book with an emphasis on growing the maximum amount of food in the smallest amount of space.
Commune: Book 1 – the absolute best preparedness fictional book I have ever read. I highly recommend listening to the Audible version as the narrator is fantastic and adds so much to the story.
The Survival Medicine Handbook – This is THE bible of medical preparedness….period!
* * * * * * * * * * *
I was a little disappointed at his imprecision, but the general advice was sound of course. It might even be a revelation to someone… not us probably … The get out of debt thing is real for sure .. I have one last thing to do and won’t oe anyone anything with the exception of monthly utilities etc.. most of which I can live without. But you folks understand all of that.
It’s important to remember that $$$ in accounts are just 1’s and 0’s in a computer until they are translated into real products or assets. Glenn gave a few examples. SS got an 8.7% raise .. never happened before .. why is that do you think… 70 million Americans. They followed by saying that the currently employed woudl be paying for it.. Why is that .. we all paid in .. but hey they spent it. They can and will print more. No Biggie right? Until, like he said .. bang and it crashes. At that point anything on a computer account may or may not be available. Decide what assets are important and set about swapping 1’s and 0’s for “stuff” IMO.
I read an article (and verified) today that the PRC declined to publish it’s economic figures indefinitely beginning today. Why is that do you suppose.. they are doing thier once every 5 year party meetings… Ominous along with what Glenn said. 3 quarters of negative growth and 8.2 – 8.7 inflation by CPI and PPI predicting more of the same.
Midterms… soon .. VOTE… no red wave happens unless we make it happen..also IMO
GG58
Right on the money GG58. The vote-buying is well underway. In my current situation, those 1’s and 0’s are critical and building tertiary stream of income along with that. At the same time – balancing my preparedness system to “be ready” for what awaits us around the corner continues.
Gold is money.Everything else is just debt. Think about it.
Seems strange that Fox Business News didn’t list gold on their crawler.
While I see the USD ultimately going South, for the time being, it will be the currency to which all others are compared, for a while yet. Our currency will be the last of the dirty laundry of currency to be devalued. The world is imploding and those monies from wherever will come to a ‘safe haven’…here… for the moment. It will boost our equity markets and probably our bond markets. But in the end, the Ponzi scheme will end. It will be a delicate balance between accumulating USD assets and then getting out of them before the ultimate crash and converting your wealth to something that will endeavor and persevere into the future. What that is remains to be experienced yet. The BRIC+ nations are commodity based as will be their currencies. We are in an economic/political maelstrom, future to be determined. While the future is not written yet in stone, the past certainly is.
All current unbiased economic advisors are recommending tangible assets to weather the storm. And ultimately, diversification of your assets. Who knows what the magic formulae is? No one. Land, stocks, precious metals, water, beanie babies, bonds etc. Spread your risk, one of your seeds will bring fruition. And Pray also.
We are all in uncharted waters without a compass and malevolent drunkards in the wheelhouse.
Think local and act wisely.
Get to know your neighbors. People are the ultimate resource.
Excellent thoughts Ralph K. You hit the nail on the head when you mentioned the balance between having USD’d and getting out prior to the crash. In today’s world cash is king and when car repairs come up and medical services are needed the USD is the transactional unit required. At some point that balance between having US Dollars versus tangibles will begin to shift. I see that point occurring now but very slowly.