A real man is always prepared.
After the recent tug-o-war between nuclear superpowers over Ukraine and the impending doom that is the US 17 trillion dollar debt disaster, Brandon Smith at Alt-Market.com gives us his tips to surviving the storm ahead…and boy it is shaping up to be a real doozy!
With the Crimea referendum passed and Russia ready to annex the region, the United States and the European Union have threatened sanctions. The full extent of these sanctions is not yet known, and announcements are pending for the end of March. If these measures are concrete, they will of course be followed inevitably by economic warfare, including a reduction of natural gas exports to the EU and the eventually full dump of the U.S. dollar by Russia and China. As I have discussed in recent articles, the result of these actions will be disastrous.
While many would believe that disaster, and our survival of said disaster, is in the form of WW3, asteroids crashing to earth, or alien aggression, the real impending doom can be found in the world of commodity markets, global trade, and currency exchanges.
The loss of the dollar’s world reserve status will destroy the only thread holding up its value, namely, investor faith. There are only two possible outcomes from that point onward:
A) The U.S. will be forced to default because no nation will purchase our Treasury bonds and support our debt spending, causing the dollar’s value to implode.
B) The Fed will choose to restart and expand quantitative easing measures, confiscate pension funds, raid bank accounts or issue new taxes in order to keep the system afloat; this will also end in the eventual collapse of dollar value and hyperinflation.
Debt is slavery, do not ever let anyone tell you differently. It is always (yes always) better to live in poverty or lack with zero debt, than to be beholden to any one person, institution or government. It is this very US debt, that effectively will never be paid back or down, that should make every well prepared man nervous enough to begin to work on plan A, B and even C.
The point is, if you find yourself in the midst of a national or international catastrophe, you should assume that you will be on your own with whatever preparations you made beforehand. To assume otherwise would be foolish, given our government’s track record.
A man’s job is never done. Always be vigilant and informed, and above all else understand that it is your duty, your biology, to ensure your family and legacy lives on. No one will lend you a helping hand when the shit hits the fan, so plan accordingly. Hope for the best but prepare for the worst, and in this recent geopolitical flair up the worst may end up being really fucked up.