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Showing posts from October, 2024

Americans That Have Only Known The Post WWII Prosperity Are Ill Equipped And Educated to Deal With Depression Level Living. (Doug Casey believes we are headed for what he calls a super depression created by the ending of a debt super cycle!)

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The forces are mounting that will eventually overwhelm most Americans and send their standard of living to unknown depths. Americans that have only known the post WWII prosperity are ill equipped and educated to deal with depression level living. Easy credit and instant gratification have created a nation of whining, self absorbed, entitlement minded people with no moral or mental toughness. Doug Casey believes we are headed for what he calls a super depression created by the ending of a debt super cycle. The bigger the debt cycle the bigger the depression that follows. That’s how reality works and most people are not prepared for reality. When this depression, which has already started, gets momentum, it will overwhelm the plans of a society that is expecting to get things like social security, pensions and payouts from retirement plans they have paid into for many years. All of those things will disappear almost overnight and leave society gasping and stupefied over what to do. Their

The Final Backup Plan- How to Keep Your Money Safe for When SHTF

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Ask any financial advisor, and they’ll tell you that you should have at least enough money in savings to cover three months worth of bills. That’s before you start working on any real investments. We are all prone to the possibility of losing our jobs, having a downturn in our business, or having an accident that keeps us from working. Should any of those things happen, that money would keep us afloat, while we got a new job or made other financial arrangements. There’s nothing wrong with that advice, from a purely financial standpoint. If you or I should suffer any sort of personal catastrophe, it is likely that we will need money to help us through. That’s the idea behind such advice and it’s good advice up to a point. The problem is that advice doesn’t take into account anything other than a personal financial crisis. Should we find ourselves dealing with any other sort of crisis, that money may not do us the least bit of good. That would be especially true in a situation where we a