On this, the experts agree: the economic landscape of the entire globe is headed for major, potentially long-term, adversity.
- How did the crisis develop?
- What repercussions should we expect?
- When is it going to happen?
- How long will it last?
Well, That Part They Still Don’t Agree On
What we know for near certain is that the restructuring of world economics is predicted to include a depression so severe that it will rival the ‘dirty 30s’ for its place in history, bank closures and currency recall.
What that means for you and I is that we need to do something to protect our assets. We need to begin now.
Everyone’s strategy for maintaining economic solvency will be somewhat different, because a contingency plan depends on a combination of many important factors.
Whether you have a fortune or are just getting by, protecting what you have requires an objective stare at your financial picture.
• Reduce Financial Risk
Stocks, bonds and other promissory notes may not be the best idea right now. Locking your savings into term arrangements can also be risky. Pieces of paper registering wealth, may not be worth the paper they are printed on in a disastrous economy. If the banks close you won’t be able to get them anyway.
During past economic disruptions and in the event of an extended crisis silver, gold, precious stones and collectibles like rare coins, art and first-edition books have not only held their worth, but often increased in value.
Precious metals and stones are thought to be the best all around choice: they are portable, liquid and private – all important elements in a crisis. Whatever you decide to do – do it now! You can get started for as little as $100.
We are not financial experts. Consulting a reputable company with a proven record of integrity, client education and longevity is advisable. Remember however that vested interest is not going to give advice detrimental to themselves. Buyer beware.
• While You’re At It, Get ALL Your Official Documents In Order Too!
Without a paper copy of official information you’ll have trouble proving things that you may need to prove. Proof of age, citizenship, marital status, property and information about money owed and paid could be vital in maintaining lifestlye.
Begin gathering missing hard copies today. Do just assume that you already have all the documents you might need in a crisis. Check each one to be sure. Securing copies of official documents usually takes from 4 – 12 weeks.
Before there was money, there was barter. And every time the currency of the day is recalled or depressed, people revert to bartering as a means of getting the provisions they need.
In the past, during wars or currency recall, the following products have been desirable barter items:
- hard candy
- toilet paper . . .
Fundamental skills become appreciably more essential and highly valuable commerce:
- food preservation
- plumbing . . .
- Who are you?
- What financial assets do you have?
- What finaincial liabilities do you have?
- What educational training do you have?
- How complete are your medical records?