Where Financial Collapse Will Hit Home | Jason Burack
Economy | Information | History | Online | Facts | World | Global | Money
If a financial collapse is a credible risk, how will it impact your personal wealth and well-being? Will we see bank failures, currency failures, debt explosion, deflation or hyperinflation, pension plan insolvency, Social Security default, bail-ins, and seizure of accounts? How about seizure of gold & silver, nationalization of mines, government takeover of industries & stock? Regardless of the global forces in play and the powers that be, when it all comes down, where will it hit the ordinary person? Co-Founder of WallStForMainSt Jason Burack returns to Reluctant Preppers for a rapid-fire rundown of how this all unwinds, and what you need to do to protect what is yours. Share this one while there's still time! IN THIS INTERVIEW: ================ How has economic pre-collapse already been hitting home on Main Street? Loss of high-paying full-time jobs, despite government statistics claiming that retail and restaurants are where jobs are being created High-flying stock valuations Loss of purchasing power: Everyday items people need to survive: health care, food, education are going up - not down Loss of Retirement Lifetime: Back-to-Work retirees: Tougher to find safe, secure spot for retirement investments - negative interest rates! People having to invest in junk bond funds and take on extreme risk to chase returns Erosion of value of savings through inflation Global economies are in the Twilight Zone - should have died, but are being sustained beyond all natural laws Currencies broken Corruption in politicians & markets prevent true investment Current Political Race & Global Economic System Trump’s actual popularity is being denied by mainstream media to unprecedented levels. Hillary Clinton is among the ranks of the most corrupt politicians in US history. Untrustworthy and has no knowledge of sound economics. Media biased, poll rigging, election rigging, portend a Hillary squeak-out “victory” Seeing mix of 1920’s & 1970’s stagflation, plus race/gender warfare of 1960’s/1970’s. Watch: Clinton Cash documentary. Coming Up Next: You are Walking Through a Minefields the Bankers have Set up for You We are getting to the absolute perversions signaled by the Ben Bernanke helicopter money speech Swiss Bank owns $60 Billion of US stock market Have been over $30Trillion in currency swaps to prevent banks * OTC derivatives markets from failing The purchasing power of your money in the bank is at risk. Tough to save, tough to retire, if you’re doing it in dollars or ordinary investments (stock, bonds) Even keeping cash in the bank will cost you Should open up a Gold Money Account (Sprott, Turk, Shiff) You MUST Diversify outside the financial system. Even rental real estate ownership can be manipulated by the government. Markets are manipulated up & down - you cannot trust them. Next system: China’s currency (the RMB) going into the SDR: less people needing to hold dollars Global economic reset IS coming - might be 6 month or 5 years but it IS coming. Government MUCH more likely to require a percentage of IRAs in 50-year government bonds, taxes on savings. Incremental increases on taxes, milking you slowly, to prevent the pitchforks from coming out as they almost did in 2008. What should each generation be doing now? Recognize that overall economy can get much worse You MUST get non-employee income streams New grads just starting out their careers: “Choose yourself”: add practical skills, Add side businesses to expand or transfer to later Families: join together to reduce expenses Start businesses Retirees: Physical gold & silver with diversified storage Gold & Silver stocks in the future Diversify internationally, since mines can be nationalized Billionaires are going to gold & silver: some miners can go up 5x-10x, large dividends can be paid out in physics gold & silver. Income hard to find: rental properties need local market job growth. KEEP LEARNING MORE, CHALLENGING YOURSELF. RULE #1: THE POLITICIANS ARE GOING TO CHANGE THE RULES! Subscribe (it's FREE!) to Reluctant Preppers for more ► http://bit.ly/Subscribe-Free Channel graphics by http://JosiahJohnsonStudios.com Promotion by http://FinanceAndLiberty.com
Comments
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I was just explaining this to my sister
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seems to me, we should vote out the federal government and all there policy's from president to Congress and senator's so on and start all over. and we the people set in new policy's on how long they can serve the people. we can start by Voting in Trump
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it seems to me that if we (vote) these politicians out that would be a good start
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It doesn't matter how bad Hillary is if Trump the delusional, ignorant, self-absorbed, narcissistic bigot is the alternative. Better a competent criminal than a delusional fool.
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Hillary must not win. That is why we all must vote for Trump. Hillary must not win.
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Wall Street is where they sold the slaves.
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Just getting to this one- Thanks for an important discussion about preparation for something less than an absolute economic collapse.-ie lowering living standards, incomes etc and how to cope.
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Inflation? My utility bills have almost doubled in the past four years. Food prices the same.
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great interview.....thank you.
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I got my GoldMoney account; I'm pleased with it. I use it when I don't have enough cash for my Karatbars Gold bullion account. We are definitely entering a NEW financial era.
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great new perspectives.....awesome interview
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Ken Hippenkamp has a point about rental real estate. I built rental real estate for income, but people's incomes are not growing. The property taxes and insurance are eating up 50% of what I can charge in rent.
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Jason - If you vote for Johnson you are taking the cowards way out. A vote for Johnson is a vote for Hillary. A vote for Hillary is a vote for war with Russia. And don't think that sociopath won't let the neocon warmongers get us there.
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Thank you both so much for the work you do.
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While you can still swap pieces of paper for gold/silver, you know the world is crazy.
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Not only could they place national rent control, counties could raise property tax, or a national property tax could be imposed. I would focus on assets that can be moved.
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We will be going One World economy-govt-new age religion all at once, as a major labor pain, when Russia/Iran/Turkey/etc make the move of attacking Israel. And the true church will be raptured most likely before this, because the spirit of ANtichrist cannot flourish "until the restrainer (of evil) be taken out of the way."
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borrow all you can and invest in everything at the lowest price possible if you are investing in R.E. buy it with rents 30% where they are currently in case SHTF, when it all goes down worst case is you give it all back to them or some of your investments do very well, savers are losers borrowers will win it has happened in the past history
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What happens to real estate income when renters get laid off and can't pay the rent? I think the answer is obvious. That is why I wouldn't purchase income property with debt.
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