Jim Rickards- Currency War Simulation
Jim Rickards- Currency War Simulation
The Pentagon and the CIA often run simulations for different types of war and disaster scenarios. In terms of money spent and overall preparedness, the number one prepper in the world is the United States government. They have spent trillions on self preservation and planning for every contingency. While no one knows for sure , it is estimated that Mount Weather cost over $1 billion to construct. Mount Weather is one of many US government underground doomsday bunkers designed for continuity of government. Other underground doomsday bunkers operated by the government include Cheyenne Mountain Air force Station. There are several others that we simply can not know about. In addition to the bunkers, the president has his own fleet of bug out planes. I am not talking about Air Force 1 or Marine 1, I am talking about the fleet of 3 EMP proof, radiation proof doomsday planes.
The culmination of all of the government’s planning and research which was paid for by the American tax payer is to recommend that you keep 3 days worth of food and water on hand. Here at Prepper Recon, we believe that is a bit disingenuous. With all that has been spent to ensure the survival of the government, it seems they would recommend a little more. We will take advantage of any chance we get to relay the information they are working with to you. After all, you paid for the information. Then you can make your own informed decision about how many days worth of food and water you should have on hand.
Rickards is a well respected expert in the field of finance.
The CIA and Pentagon use people who are experts in their field to to run financial disaster simulations. One of the people they use is Jim Rickards. Jim Rickards is the author of Currency Wars and has an excellent understanding of global currency markets. In this simulation that was presented to the government, Jim explains different catastrophes that could cause a global currency crisis. This presentation shows how China uses sovereign wealth funds to purchase futures contracts on gold. Those contracts could be executed at any given time and cause a shortage of physical gold.
Currency War Simulation
Perhaps it is time to consider adding gold and silver to your preparedness plan.
If any of these situation were to ever materialize, silver and gold would be the best possible form of insurance that you could have bought. Besides these scenarios, there are a myriad of other catastrophic events that could take place which would cripple the dollar. Gold and silver would also be a good hedge against those risks. But lets say Jim Rickards is completely wrong and none of these threats ever come to be. Let’s say we are able to continue on printing money with impunity. Let’s say we can continue on the same path of total fiat currency we have been on for the past 40 years. Perhaps the powers that be can manipulate and maneuver this same strategy for the next 40 years. Then what is to become of the money I have “wasted” on Gold?
Well, let’s mirror the performance of the last 40 years to the next. If you bought an ounce of gold in 1972, you paid $38. It is now valued roughly at $1,750. If it were to grow at the same rate over the next 40 years, it will be worth $80,500. Wow, do you think Apple stock will preform that well? If you do decide that gold and silver are right for your situation, don’t go overboard. 10 to 20% of your total asset allocation is what is generally recommended. Don’t buy everything at once. Spreading your purchases out over time will keep you from buying everything at the top of the market.
I currently hold a degree in Accounting and am perusing a degree in Finance. I mention my investment strategies from time to time, however, I am not a financial adviser and I don’t make specific recommendations on these posts. Everyone’s situation is different and therefore everyone’s investment style is going to be different. Before investing in any instrument, you should fully understand the instrument and the risks associated with it. All investing is inherently risky and can lose money.
Happy Prepping!
