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Some Of The Really Bad Things That Could Happen If You Do Not Prepare For The Coming Economic Collapse

 
waht

User ID: 22350639
United States
09/04/2012 09:35 PM
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Some Of The Really Bad Things That Could Happen If You Do Not Prepare For The Coming Economic Collapse
Most people just assume that since things have always been a certain way that they will always be that way in the future. Most people just have blind faith that the people running our government and our financial system know exactly what they are doing and that they are doing their best to take care of us. In fact, once upon a time I was fully convinced of that. When I was a kid I quickly realized that my elementary school teachers really didn't have the answers, but I had total faith that those running society at the highest levels were "experts" that were looking out for our best interests. As time went on I kept progressing in my education, and by the time I was finished with law school I came to understand that none of our "experts" really know what they are doing, and they are definitely not looking out for our best interests. The blind are leading the blind and we all need to finally admit that the emperor is not wearing any clothes. Unfortunately, most Americans will repeat the mantra of "if that was true I would have heard about it on the news" until it is way too late. Most people are waiting for the "authorities" to tell them what to do instead of thinking for themselves. Sadly, time is rapidly running out and a lot of people are going to end up getting totally blindsided by what is coming.

The man in charge of our financial system, Federal Reserve Chairman Ben Bernanke, is not going to save our economy. He didn't see the last financial crisis coming, and even after things started falling apart he continued to insist that housing prices would not go down and that we would not have a recession.

Well, it turned out that we had the worst housing crash and the worst recession since the Great Depression of the 1930s.

But still millions of Americans are trusting him to save us this time around.

It isn't going to happen.
...

Well, "preparation" is going to look different for each family, but there are some general principles that apply to almost everyone.

For example, during an economic collapse hard assets are preferable to paper assets.

Also, during an economic collapse necessities become much more important and luxuries become much less important.

For many more tips, please see this article:


[link to investmentwatchblog.com]

Last Edited by waht on 09/05/2012 11:20 AM

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