There used to be a time when you could put your hard earned money into a savings account at the bank and you could watch it grow over time with it's interest. That time has come and gone and will never be here again, at least with our current system. Why are interest rates so low? Central Bank in collusion with our corrupt politicians have decided to rob the middle class. In the manufactured 2008 financial crisis, wealth was transferred from the middle class to the corrupt elite. In order to "save" the economy the Federal Reserve needed to lower interest rates to near 0.% for over 100 months to keep the economy functioning. During this same time period Barrack Hussein Obama, along with compromised politicians, DOUBLED the United States national debt from $10,000,000,000,000 to almost $20,000,000,000,000.
If interest rates were to be normalized (what the Fed claims they to want to do) our Nation would instantly be forced to default on our debt. What would a default on our debt do? It would devalue our US petro-dollar overnight, maybe 50% maybe 80% devalued. It would be a disaster. The US dollar would no longer be the world reserve currency, and the average American would have their quality of living more than cut in half! surprisingly, that would be the best option... The other, more probable option would be the rapid hyper-inflation of the Dollar, causing an irreversible terminal devaluation with no hope of surviving (think Venezuela). Politicians will always "kick the can down the road" instead of facing immediate consequences. To pay off the interest, our government will most likely print money, and by printing money, devalue the dollar into hyper-inflation catastrophe.
What can you do to prepare and possibly profit? I have two pieces of advise
1. Buy physical Gold, Silver, Assets (Cars, property,collectables). Buy cryptocurrency (bitcoin, Ether, Litecoin) Move out of the US dollar, Move out of all fiat currencies and into something that will hold its value.
2. Get prepared physically (get in shape), stock up for the collapse(food, water,toiletries), Mentally prepare yourself and your family, come up with a plan and multiple back up plans. Most importantly get prepared spiritually, God will protect his people.
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Very nice post... I'm surprised I'm the first to comment... Yes... Preparation is the key when it comes to the Collapse of our Debt Based Monetary System... I actually know how everything will come down... Don't ask how I know...lol. The Federal Reserve Notes will indeed collapse, but we will have a New Dollar to take it's place... One Hundred Old Dollars will get you 1 New Dollar with the buying power of the old one hundred dollars... What's good to know at this point is that 100 Cents in Pocket Change (Common U.S. Coinage) will still get you that New Dollar, so by all means, save that Pocket Change... Everything will be reset, including the value of your house to your hourly wage... If you make $50 per hour now, you'll be reset to 50 Cents per hour... If your house is valued at $500,000.00 now, it will be reset to $5,000.00... The debt will be paid off with our Pocket Change and New Dollar... Everyone will Prosper... Let it be written, let it be done... God is the meaning of Life... By the way... The reason I came to your post is because I decided to visit all those that I follow and leave a comment and a 100% upvote... Have a nice day...
@pocketechange
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