Be aware – don’t panic

There are some forecasts out there that call for a careful foresight. Some of very wealthy investors have sold all their stock market investments. The value of gold and silver shall be kept under the magnifier glass now. The total volume of any currency in circulation is very high. The major Central Banks are coming close to their limits to buy “bad debt” like in the EU it is set to 30%, which might lead to rising interest rates, less investment, lower economic activity, and in the worst case to a downturn.

Even worse than that is a horror scenario that starts with the housing market that would collapse in China, then the stock market would collapse globally. Every stock market value, property value, other exchange values, derivatives etc. would lose their value, or at least the major portion of their value. Thereby e.g. retirement funds would loose the savings of people for their retirement globally. The US Central Bank would “print” dollars, and the USA would pay off all their foreign debt by transferring billions of bit money, and at that moment they would shut off the free moving currency called US Dollar. Every dollar on any bank account would become zeroed out. We would end up at barter time period exchanging goods and services without money. One would need water, solar or geothermal power to keep electricity flowing. No gasoline or gas supply nor internet would work, because there would be no one paying for those services. Would you have water wells, grow your own food and have something to give in exchange? You should have no debt to avoid immediate disaster of loosing your property. How to pay taxes in that situation or protect your family? I’m not saying this will happen, but it might happen. It might be wise to learn from Amish, how to live and survive with the help of your community and being independent from technology that depends on energy. Let’s keep this in mind and work towards a better outcome that gives hope for the future.

Explore posts in the same categories: Exchange rate, Recession, Stock&Gold, US Dollar

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