Good morning my friends.....
Ive been watching everything around us is teetering on the edge for quite some time now. As well as most of you have. Well it has really made me start putting more thought into ”Am I prepared” if this starts to fall off the cliff?
When, not if there is an economic collapse. Do you think that you have taken the appropriate measures to ensure that you will not only be a survivor of it, but will end up at the top end of the food chain as they say.
While I am no expert and am I not trying to give any advice, here is some of the things that I believe are most likely to happen during the economic collapse. Again these are just my opinions on it.
In no particular order, here is what I believe will happen:
The stock market will have a correction of 40-60% and they will shut down the market.
This will cause the banks to shut down, because of margin calls. You will not have access to your money for who knows how long. And once they do give access, they will have a limit on the amount of funds you will be able to withdrawal.
Side Note
During the last bail out, congress passed a law that the banks can take your money and you have no recourse. Look it up, if you don’t believe me.
The country is in such a financial deficit, that there is no possible way they can bail this one out.
There will be great panic throughout the country and world. Since we are the benchmark for All world currencies. Everything is compared to the US dollar.
Ways to be more prepared
While I am not a prepper by any means and do not think it will be an apocalypse. I do think that it will be fixed quickly. Which means you will need to have a plan in place.
Are your precious metals accessible? If they are in a bank you will not have access to them.
Do you have enough precious metals to maintain your current lifestyle during the collapse? Here is a chart from an article from goldsilver.com of the amounts they believe will be needed in both silver or gold to make it through the economic collapse with a time frame
This article really grabbed my interest.
What are your thoughts and or opinions?