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/
This 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.
- 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.
- 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.
- 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.
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.
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:
We are living in uncertain times as you know, and we all must all work together to hold the frayed ends of humanity together as evil threatens to tear us apart. Today my contribution to you is a reminder that you need to secure a stable business for yourself to fall back on if and when your “steady job” gets converted to a lay off. This is a real threat to all and I recommend sharing this message to all. This election is going to have serious consequences even if your favorite candidate wins.
If Hillary Wins
Unfortunately the Libertarian and Green parties don’t have a chance so you can think what you want there. Back here in reality we have 2 real possibilities for president. If Clinton wins you can expect at minimum 4 years of the same thing we had for the past 8, but there is a factor I haven’t seen mentioned anywhere else. Donald Trump has been setting up his run for President for a long time. He may have some overseas companies but many of the more than 500 companies he owns are right here in America. If Clinton wins, Trump will not feel welcome in America and he will promptly move as many of his companies overseas. The ones that stay (like his Hotels) will do what you can imagine: They will bring in cheaper “undocumented” labor. This is bad for you and all other current US residents. It could start a new Great Depression.
If Trump Wins
On the other hand, a Trump win will not be so squeaky clean either. While I think Trump is hands down the better option we all have to consider that there are some very powerful people that really hate the ideas of America, freedom, and Capitalism. They are more in love with wealth re-distribution and “governing” the people. If Trump wins, these people will pull every dirty trick in the book to bring down America under Trump’s watch. They will pull their businesses out of America and they will try to hurt the job market so that John Q Public suffers and when they complain, the trouble makers will be right there to say “See we tried to warn you about Trump”. This could be a manufactured Great Depression. Meanwhile, what will you be doing to provide for your family?
How to Provide in Crisis
It all leads back to this: You must find an income source that will stand strong in the face of depression. In his book “How to Survive the End of the World as We Know it”, James Wesley Rawles advises that you must consider something others won’t want to do. Dangerous, dirty or hard is what Rawles suggests. I personally recommend dirty or hard but not too dangerous. In the world we live in today an OSHA official might declare any job dangerous but that isn’t what I mean. Just don’t take huge safety risks in your second career. I am a living testament to dangerous jobs. It is how I survived for a long time and I have the scars to prove it. In a dangerous job you can’t make any income or provide for your family if you get hurt, so take a hard or dirty job. Rawles suggests something to the effect of a septic pump service but also suggests an internet/ mail order business if you are organized.
The beauty of starting your business is that you can get it going and have it running if you lose your job. However, if you really can’t run a business, your last resort would be to get a job doing one of those jobs that nobody likes for a paycheck. My advice is to get moving on that right now. You don’t want to be looking for a job when everybody else gets laid off. Rawles suggests things like sanitation workers or sewer technicians. Dirty jobs but while everyone else is starving you will be bringing home a check. The biggest thing you need to understand is you need to get moving on this one today.
Be sure to share this article with the people you care about. (or the people you know may be trying to mooch off of you when things go bad).
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
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:
Are you prepared for an emergency if disaster strikes where you live? There are many examples of disasters, both man-made and natural: EMP event, power outage, hurricane, terrorist strike, nuclear explosion, financial crisis and more. This week, the historic winter storm Jonas is expected to strike the Maryland/Washington D.C. area and people are raiding store shelves in a panicked rush to gather food. There’s a good likelihood that power will be out for a period of time, people will be stranded in their vehicles on highways and other problems will crop up. After all, history has shown over and over what happens when storms hit.
You should ask yourself if you would be ready for a similar emergency event. It’s never a question of “if” disaster will strike; it’s always a question of “when?”. So are you prepared?