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Articles that didn't Get Published in Global Outlook Issue # 13 - Annual 2009 |
Personal Strategies |
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What we can do to protect our families during an economic depression. |
~ Staff Report
1. Get out of debt
First of all "get out of debt" if you can, even if it means lowering your standard of living.
Otherwise you stand to lose everything that is debt financed.
Secondly "get liquid," reduce your wealth to more liquid forms, reduce your real estate assets for example.
If you own your own house out right, then fine.
If not, then sell other assets to pay it of.
2. Invest in silver coins
For the worst case scenario, consider putting some of your assets into old silver coins.
Pre-1965 US coins are 90% silver.
From 1965 on they or not. (In Canada, pre-1967 quarters are 80% silver.)
It has been said that during a severe depression a single silver dollar, may be able to by your family groceries for a week.
Why will old silver dollars become so valuable?
Because most people are so familiar with them.
They know they are of an assured weight and purity.
In that case owning just 20 to 30 silver dollars, might mean the difference between your family making it or not, through what is likely to be the worst time in U.S. history.
3. Diversify your portfolio
Other forms of precious metals, particularly gold, are usually a good way to protect extra assets during the depressions.
But there are other things you can do.
You might consider foreign currency funds.
Consider opening a Suisse or Austrian bank account, or a foreign currency denominated bank account.
If you can afford to diversify into all of them consider doing so.
4. Educate yourself and your friends
Educate your friends.
Our country needs a solid group, who really understand how our money is manipulated and what the solutions really are.
Because if a depression comes there will be those who call themselves conservatives who will come forward advancing solutions framed by the international bankers.
5. Beware of calls to return to a gold standard
Be aware of calls to return to a gold standard. Why? Simple, because never before has so much gold been so concentrated outside of American hands.
And never before has so much gold been in the hands of international governmental bodies such as the World Bank, and the International Monetary Fund.
In fact the IMF now holds more gold than any central bank.
A gold backed currency usually brings despair to a nation.
And to return to it, would certainly be a false solution in our case.
Remember we had a gold-backed currency in 1929 and during the first four years of the Great Depression.
6. Beware of any plans to move to a world currency
Likewise, beware of any plans advance for a regional or world currency, this is the international bankers' Trojan Horse.
7. Pressure your political representative
Educate your Member of Congress [or Parliament].
It only takes a few persuasive members to make the others pay attention.
Most Congressmen just don't understand the system.
Some understand it, but are so influenced by bank PAC (political action committees) contributions that they ignore it, not realizing the gravity of their neglect.
8. Grow your own vegetable garden.
Do your own root cellaring
9. Get six months supply or more dehydrated or canned food.
10. Have enough fresh water and cash on hand to manage at least seven days . in the event of a power failure.
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Hope for the best. Prepare for the worst. Another depression could be imminent.
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~ Global Outlook Staff Report. All rights reserved. Copyright belongs to Global Outlook
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