Everywhere you look now days, especially on YouTube, there are lots of posts that describe a financial collapse ahead. However, when you look into the topic, you will notice that this topic has been around for years, only growing louder and more pronounced lately. So what are the chances, and how to effectively protect yourself from said collapse? Is holding gold, silver, and farmland the best alternative? Or how about the Crypto's, are they going to be a better holder of wealth (or a form of savings)?
One thing seems to be certain, that the levels of debt that the Fed has created out of nothing (commonly called counterfeiting), are out of control. Looking back to 2007 and 2008 when this money creation started in earnest, one notices that really nothing was solved. The system was "goosed" but no real collateral was put into the financial system. So we now have 5x the money in the system, but still built on debt, not assets. And please remember that the Federal Reserve Note is a token of debt, not an asset. So more debt creation does not make for a more stable system.
This seems to be why most pundits call for gold, silver, or other producing real asset, as a way to sidestep the debt system, in the event of a financial collapse. Heck, we must be headed for a time of barter, and beating each other with sticks and stones.
Let's see what other opinions are out there, tell me what you think, because although I have some ideas, no one really knows for sure, and by the time we find out, it will be way too late to get ready.