BBC:
I am not a "prepper".......I have guns, I have precious metals, I have long term food storage because I want to do right by my family. I do not have hoards of anything.
I've worked very hard as a small business owner to be successful. I can read financial charts, balance statements, run a business, manage, etc.
I am a ravenous reader. I've taught myself how to trade and I learned from an incredible mentor in Forex. In that regard, I was lucky.
I do not agree with how the Powers that Be are managing the US economy. History has shown - if you read the right books, that the Great Depression was lengthened and worsened by the actions of the US Gov't. A Depression occurred in the US in 1920-21 - no one talks about it because it was over quickly and the gov't did not intervene - the free market forces took care of it.
The Federal Reserve Bank and Gov't (they are not the same thing, contrary to public opinion) are running the same playbook as they did for the Great Depression and the same playbook that Japan used to produce the Lost Decade - actually 2 Lost Decades now.
US Banks are now loeveraged higher than they were in 2007. How did that work out?
Have you seen recently that you can now get loans on the equity in your CAR? Are you kidding me? Cars depreciate faster than anything else!!! It is insanity and we (this country and the global economy) learned absolutely NOTHING from the meltdown in 2007-2009.
I have stocks and bonds, precious metals, food - some will be good investments, some will most likely be bad. Anyone who tells you they get it right all the time is lying to you.
Be prepared is all I can say. Whatever that means to YOU and gives YOU peace of mind.
:toast:
