banking

Hide Your Cash When Traveling

Today I ran across this excellent video https://www.youtube.com/watch?v=is7KetXtJIQ
If you are considering a trip to a rough area, which unfortunately includes areas of the USA, you need to watch this.  The guy includes some very simple places to hide your cash from predators.  In many areas around the globe, our contributors have informed us that official corruption is still alive and well.  This means you may actually be hiding your travel money from somebody wearing a uniform or a business suit.  There are all sorts of predators out there, so get prepared.
hide-the-money
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Prepare yourself for a Venezuelan Style Collapse

Venezuela, once the richest country in Latin America, is now collapsing.  http://www.independent.co.uk/news/world/americas/venezuelas-currency-hyper-inflation-oil-crisis-devalued-shop-keepers-weigh-notes-a7443596.html

The Venezuelan money (called “bolivar”) is in hyperinflation.   The largest bolivar bill is now worth 5 cents or less.  Some reports are saying 2 cents.  Store shelves are literally empty and hundreds of thousands of people are having to cross the border into Columbia to get food. http://money.cnn.com/2016/12/05/news/economy/venezuela-new-20000-bolivar-note/

empty-shelves-caracasThis is a great time for us all to pay attention.  In my opinion this is a test case/social experiment in progress.  If the powerful and wealthy are using this as a study on how you will react when they do this to you, then you should pay close attention to this so you can be ready.

Right now Venezuelans are experiencing a real life nightmare.  They are having to choose between feeding themselves, their children or their pets.  Some may blame this on socialism, and that is a huge factor, but when it gets down to the single human element, each individual is in trouble because they put their faith in a currency.  It’s not the paper, it’s the currency itself.  If it was all electronic things may have been even worse.

How Would you Fare in this Situation?

In my humble opinion there are 3 things an intelligent Venezuelan should be doing right now, and this will apply to you in your country when your currency fails.

  1. If they were wise, they would have already invested part of their portfolio in cold hard gold or silver. If this were the case, they could just get up and walk, but that’s #3 on this list.
  2. They should gather all hard assets such as jewelry, and gold/silver bullion (I would include guns if available). Take any large items of value and quickly attempt to trade them for smaller hard assets like gold/silver and valuable jewelry.
  3. Get out of the country as soon as possible. Those wishing to exit must understand that there is limited time because everybody else is leaving too.  The neighboring countries soon grow tired of refugees, so the sooner the better.

These solutions apply to any country any time a collapse takes place.  Don’t worry, if you love it , you can come back any time when things are better.

Your comments or suggestions are welcome.

Financial Collapse of Deutsche Bank of Germany Coming 2016?

If you haven’t been paying attention to the news, now is a good time to pull your head out of the proverbial sand. Here’s a summary of what’s going on if you don’t know and a primer on 2007. In the year 2007, financial markets in the US began to meltdown because banks were loaning money to anyone, including home owners, who had a pulse. But the market can only bear so many bad loans, including the credit default swaps, that were a part of the big Wall Street Casino. Essentially, bankers and “investors” were gambling on things that didn’t even exist. And as a result, real people lost their homes, lost money in the stock market and tens of thousands of Americans lost jobs. This event had ripple effects for years and was considered the 2nd great American depression. And we all collectively lost when Bush and the US Congress decided to give these bankers a whole bunch of tax money to bail them out. Go watch “The Big Short” and it will explain it better than I can. We specialize in privacy, not financial issues.economic-collapse-usa

Fast forward to September 2016. The banks and “investors” didn’t learn any lessons from the 2007/2008 financial meltdown. Why would they? The US Taxpayer bailed them out. And now the word on the street is that the banks that were “too big to fail” are even bigger. And you know what they say, the bigger they are the harder they fall. And when they fall this time, it’s going to hurt us all. no one is safe! But to make things worse this time, Europe is involved. Deutsche Bank of Germany is rumored to be having the same problems that US investment firms were having. It’s time to make some tough decisions if you have any money in the market. Read more here:

http://www.zerohedge.com/news/2016-09-26/will-deutsche-banks-collapse-be-worse-lehman-brothers

The Fastest Growing Economy in Europe

I don’t necessarily recommend just packing up and bailing out of your own home country, but for some it is not an option.  Sometimes things just happen and you need to move along.  So if you are country shopping you might find it interesting that Ireland has the fastest growing economy in Europe.  Last year Ireland’s economy grew 7.8% which is greater than China and the US. ireland

The factors that caused this are mostly sound common sense principals but the two that I find most notable are #1: Ireland has a low corporate tax rate (12.5%) that is dwarfed by the Unites States 39% corporate tax rate (This is what attracts business). #2:  Ireland is prosecuting the bankers that crashed their economy in 2008.  Ireland recently extradited David Drumm, former chief executive of Irish Anglo Bank, back from his hide out in Boston Massachusetts on 33 charges, including forgery and fraud. (This restores public trust)

Now, how does this help you?  Keep your eye on Ireland.  If they continue to grow I will recommend them as a place to expatriate to.  My only word of warning is that unemployment in Ireland is still at 8.6% so don’t expect to hop off a boat and be flooded with job opportunities.   However, this is a European country and if you land a job it will pay way better than a job in most Latin American or African countries.  It is important when planning a move to consider how easily you can get work as an immigrant as well as what it will pay and how you will be treated.  At this time, for those very reasons, I have Ireland on my watch list and you should too.

Austrian Constitutional Right To Pay Cash

Check out the latest privacy issue regarding cash in Arnold Schwarzenegger’s home country of Austria. What a novel idea!

“Austrians should have the constitutional right to use cash to protect their privacy, Deputy Economy Minister Harald Mahrer said, as the European Union considers curbing the use of banknotes and coins.

“We don’t want someone to be able to track digitally what we buy, eat and drink, what books we read and what movies we watch,” Mahrer said on Austrian public radio station Oe1. “We will fight everywhere against rules” including caps on cash purchases, he said.” – Bloomberg News

cash moneyNo one should ever think it’s okay to allow themselves to be tracked, monitored or spied upon. Freedom to communicate, share and congregate are inalienable rights which were enshrined in our Bill of Rights by our Forefathers here in the USA.

An interesting side note: It should also be noted that the Austrian School of Economics was founded in 1871. Many of it’s ideas which fly in the face of the modern Keynesian ideas of spend and borrow the way out of debt and economic crisis are still alive and well in the Libertarian mind. Liberty and Freedom live!

It’s sad to say, but ideas that once were exclusive to the US, such as freedom and liberty, now flourish in a bigger way in burgeoning countries across the world.

Austrian Right To Pay Cash:

http://www.bloomberg.com/news/articles/2016-02-12/austrians-need-constitutional-right-to-pay-in-cash-mahrer-says

2nd Warning, 1 Year Later: Economic Destruction is Accelerating

I blogged on January 15, 2015 (almost exactly one year ago) that I was concerned about the American economy. Reasons were given why, such as similarities to past collapses, rising inflation, the precarious economic stance of the US Government (Think: massive debt and endless Fed money printing), demographics and the like. As we race into the economic abyss and as we stand prepared to elect another American president in the face of unprecedented tyranny, my thoughts have returned to fearing the worst of our economy. There’s an every day reminder when I pass a gas station that things are not right. Gas prices, as any American driver knows, are currently at historic lows, more or less $2 below the “normal” going price of just 2 years ago. Not to rain on the “Lame-stream” media’s continuance parade of positive news, but I actually passed by a closed gas station the other day while driving. The station must have closed sometime before the fuel price collapse, probably around the summer of 2014 when prices were near $4/gallon, as opposed to $1.60/gallon today. My memory is short and it was a shocking thing to see such high prices again!

Preparing for Economic Collapse

Preparing for Economic Collapse

My point is that I’m both pleased and terrified every time I fill up my car with gas. I’m of course pleased that I can fill up the car for less than half what it cost just a few short years ago; on the other hand, the knowledge of what is going on behind the scenes in the oil and gas industry is frightening I’m sure. Exploration rigs shut down every day, people lose jobs, and there’s a cascading effect causing collateral damage on the economy. Add this knowledge to what I discussed in my previous writing, found here: Is the Collapse of the American Economy Just Around The Corner? and it feels we are one big step closer to economic collapse.

It’s easy to put your head in the sand like the proverbial ostrich and just ignore the warnings. But I’d advise you to take a look at your life and take steps to improve your preparedness, in any way you can. You have nothing to lose and everything to gain. Questions you might ask yourself:

Do I have enough money saved to carry me or my family through hard times?

Do I have emergency supplies like food and water in the event of a crisis?

What would I do if the stock market collapses, wiping out my investments?

Do I have secondary skills/means that can help me earn money?

Am I prepared to defend what I have in the event of a collapse?

These are all tough questions, but we should all consider the worst case scenario. To ignore the possibility would be naive and dangerous.

If the idea of American Collapse is new to you, here are a few websites that can catch you up on what’s been going on and what you can do to help yourself and your family:

https://survivalblog.com/

http://theeconomiccollapseblog.com/

http://www.zerohedge.com/henry ford economic collapse

 

 

Do You Have Enough Cash To Survive a Financial Crisis?

Last Friday, President Obama signed into law the 2016 Federal Budget (“Omnibus Spending Bill of 2016”). It includes $1.1 Trillion in government spending. Our wise and faithful US Senators and Congressmen have also agreed on a plan to reduce taxes by $622 Billion – most of which allegedly doesn’t impact Main Street America.

Stock Photos

http://www.federaltimes.com/story/news/politics/2015/12/18/congress-poised-pass-spending-tax-measures/77495592/

It should also be noted that the United States is currently in debt somewhere between $16 and $22 Trillion! A shocking number!

http://zfacts.com/p/461.html

Now when you put all that information together: Rising Debt, Increasing Budget & Decreasing Taxes, what do you get? Sounds like a recipe for disaster to me. You can’t have money going out faster than it comes in!

Despite the fact that our government has taken the liberty to spend as much money as they can with no plan for paying it back, there’s no reason we all can’t be personally fiscally responsible. There’s no better time for each of us to be responsible citizens and to begin paying off all debt and saving for the rainy day that is sure to come in the future.

The message is simple: take care of yourself and your family; the government will not be there to bail you out when you can’t pay your bills. After all, It can’t even balance it’s own accounts!

What you should do:

  1. Start saving money, even if it’s just $20/week.
  2. Pay off all debt. Stop buying stuff you don’t need!
  3. Save more money. You may need it soon!