The people of India suffered through a difficult December, caused by a sudden action of their government.
On November the 8th, Prime Minister Narendra Modi announced that as of midnight the 500 and 1,000 rupee notes would no longer be valid. As their replacement, the new 500 and 2,000 rupee note didn’t hit circulation until weeks later, it left people in a bind.
There’s a lesson to be learned here; and that is that our money isn’t safe.
Using the past economic collapses as an example, we can see that people’s lifestyles changed dramatically. Even those who managed to keep their jobs and businesses have to make radical adjustments in their lies, just to be able to survive.
There is no reason for us to think that things will be any different here in the United States, than they were in Argentina; in fact, they could very well end up being worse.
The reason I say it could be worse is that there will be nobody to bail out the United States, as has been done with other countries. We know from the 2009 housing collapse that anything negative that happens in the U.S. economy has a worldwide effect.
Since other countries will end up suffering as well, there is no way that they will be able to help us.
Many people talk about a recurring economic crisis in US, and look for means to place their money so their investment won’t become useless once the economy hits the ground. For example, a reader recently wrote:
“I am a fan of Survivopedia and I love your articles. I just read your article “Top 4 Things to do Prior to the Dollar Collapsing” and it is the first thing I have read that is helpful. Everything else is for millionaires to get off shore banking, get lots of gold, buy real estate and on and on. I don’t have that kind of money… only a few thousand dollars as an emergency fund… I am 72. It seems to me it is stupid to hand on to the money if it is worthless. Is there some other means of currency exchange that those in the know are doing instead?”
This is a very good question that Dianne asks. Before answering, let me say that I am not a professional financial counselor; all I am is a man who tries to do his best.
Having said that, the standard in the financial investment community is to put your investors money beside your own, taking the same risks and receiving the same benefits. So, based on that standard, the best I can do is to tell you what I’m doing myself.