Financial Preparations For The Potential Upcoming Economic Collapse
Could/would you do an article(s) on our financial situation — to get more knowledge, or a better understanding of the potential financial liability(s) — so as to can plan, and try to limit exposure? I know I am way behind the power curve when it comes to navigating financial matters. I also have come to the conclusion that the stock market is stacked against people like me so, I don’t/can’t play. Any advice/help would be appreciated.
said ‘blackjack22’ here on Modern Survival Blog
Throughout the 10+ years that I’ve been writing this blog, I periodically poll our readers for their primary concerns as they pertain to possible major disruptions. Among the top concerns has always been Financial / Economic Collapse.
I too have been very concerned about this for quite some time. To this day, I am amazed how it has not yet collapsed, given the gargantuan extraordinary debt(s) which mathematically will never get paid. Ever. But the spending-beyond-means continues. And somehow it keeps going… Perhaps because the entire world is pretty much locked-in or intertwined in this mess. So, if one goes down, they all do?
Anyway, ‘blackjack22’ is obviously concerned, as I’m sure are many others. So, lets talk about it…
I will simply offer my own opinion. I welcome others to offer their own too… And, none of this, or what others say here, should be considered as ‘financial advice’.
The Dollar Reserve Status
Despite the trillions and trillions and trillions of ‘dollars’ of debt, and despite the Quadrillions of intertwined ‘derivatives’ out there, the fact is that at this time the dollar is still the world’s reserve currency. That’s how we get away with it. And have been getting away with it for so long.
This chapter of the story started following the Bretton Woods agreement, and when we made a deal with the devil for exchange of Saudi oil to ONLY sell in dollars around the world in exchange for U.S. protection of the Saudi regimes in perpetuity. Any threat to that arrangement has been met with War and Death to those who would attempt to bypass it.
The United States Military
The only reason (in my view) that we have maintained reserve currency status has been our military might.
Therefore, in order to see the future in this regard, one needs to examine our present military might, in relation to the rest of the world, and, the ‘leaders’ of the military with regards to political direction as it relates to the politics of the world.
In other words, it’s a given that we presently have the world’s most powerful military. HOWEVER, those who run the military make all the difference.
And this is the exact thing that concerns me. The leadership and their obvious direction – which is not so good for our military moral, strength, and respect throughout the world. The current military ‘leaders’ are ‘woke’. You might say that some, or many, have been planted with the objective that is currently playing out by an apparent Marxist-leaning CCP-loving regime. Their appointments have been made by a present executive branch which is hell-bent on enabling our destruction in this regard. THIS is what matters. And it doesn’t look good right now…
Whether on purpose (which I personally believe it is), or, by sheer incompetence, the results will be negative towards dollar reserve status. This, combined with the obvious attempted / ongoing takeover of the U.S. (and other nations) by the globalists (they’ve been working on this for decades), you know they have a plan for future currency. And they don’t have our best interests in mind from the perspective of liberty and freedom… Rather, to become permanent slaves to their new system. It’s called the Great Reset. You can look it up if you don’t know what that is.
Okay, with that said, I am concerned about how this will (maybe) transition. So, what to do? How to prepare for any extent of resulting financial / economic collapse?
I will tell you some of what I’ve done over the years.
Precious Metals
Back in the day when I had more disposable income, I did make purchases of physical precious metals. Silver, and Gold. I still have it to this day. It’s simply a stash of some wealth preservation in a form that has always been considered ‘of value’ throughout history. There are no obligations on it. It’s just metal. It sits there, no strings attached.
I did not write this on purpose to mention the following… But, I will point out one of our direct advertisers, GoldenEagleCoin, a trusted source for physical precious metals.
[ Read: Silver – Currency For Collapse ]
[ Read: Why Own Gold ]
Get Out Of Debt
What else did I do to prepare for what possibly may come our way in case we transition to some other system, or if our current dollar system crashes?
I got out of debt. More than a decade ago, Mrs. J and I became fully motivated to pay off all of our debts. Including our home mortgage. During that time, we were both making decent money. We stopped our frivolous spending. We lived well below our means. Never upgraded to ‘the big house’ even though we could have afforded quite a big mortgage to enable luxurious living at the time.
Instead, we paid lots extra towards the mortgage principal. Refinanced to a 15-year when the interest rate was right. Paid off other debts. Began buying the next vehicle with cash, no loan. Used instead of new. Eventually we sold and left the area (the state). The market conditions benefited us and we had no further debt. Profits enabled our present homestead debt free. Nothing fancy. But we both sure felt better without debt rather than buying a bigger fancier place with a mortgage.
Everything we have purchased since, has been paid out of pocket.
I believe in being debt free. It is one very important aspect of freedom. Free from beholding to the banks. The system, if you will…
Preparations For Living Outside The System
If the system transitions to where I believe they want it to transition, I will not participate. I will not be enslaved by being forced to be marked, 100% tracked for social (behavioral) credit score punishments, and restricted to only buy-and-sell within the constraints of ‘allowed behavior’ set forth by our masters.
So, over the years I have purchased various general preparedness tools which will help us to survive outside the system if need be. We know that a black market will develop, should we transition this way. So, this will help greatly for general survivability.
It could become something like ‘Hunger Games’. We will become the hunted. The underground. Heck, we already are the hunted. People like us have been hard-core demonized and targeted since November-2016, because populism was on the rise, and we peasants were waking up and responding. A great awakening was forming. An anti-establishment anti-globalist movement. People beginning to really see what they’re up to, and their plans for global domination.
This did not bode well for the great plan. I can read the tea leaves.
Homestead Survival and Security
I’m not going to get into all the particulars. There’s plenty here on the blog. But, suffice it to say, I have focused on homestead survival and security.
It’s really just all about that. Do whatever you can do to mitigate future potential difficulties purchasing things and supplies you need. Including essentials for survival. Food. The ability to be more self-sufficient in this regard. Establish networks within your locality. Worst case, there will be underground black market networks. You will likely need this.
Security. More so depending on where you live. Worst case, ‘our kind’ will be hunted. And there will be heightened criminality. Those seeking relief from their own lack of preparedness. There’s lots you can do. It’s up to you.
Live Life Without Fear
Perhaps just as important as all else. Live your life. We have not collapsed (yet). Try not to succumb to the horrendous drum beat of mainstream negativity. Shut it off. I did. It made a HUGE difference in my outlook. I still keep tabs on the propaganda. However, I do not regularly consume it.
Your life is local. Enjoy it. Be skeptical, but be happy too. Don’t let your skepticism dominate your mindset.
I can see right through all the bull shit they’re throwing at us, and I do my own research (extensively). I KNOW they are full of shit and I KNOW their plan. It’s is so, freaking, obvious.
What you need to grasp is the following… There’s nothing you can do about it. At least nothing you can legally do that’s going to change anything, because the system’s rigged against you. Too corrupt. It has crept in over decades, and now it’s metastasized.
Focus not on what you know is out of your control. Rather, focus on what you can control! And when I say ‘focus’, I mean both your physical actions AND your mind. Your mindset. What you think about. Don’t dwell on getting angry that this is happening. Because it’s happening anyway.
Just my 2 cents…
