Prepper Econ- Economics Update
Prepper Econ- Economics Update
This week, we take a look at the macro-economic trends that are affecting our economy. Josh Collier of BeatTheEnd.com joins us to look at how we can prepare for the coming financial collapse.
We take a close look at the statement given by Federal Reserve Chairman Ben Bernanke after this week’s FOMC meeting. It looks like the Fed may be positioning to tapper their current monetary easing policy a little earlier than anticipated. Will this drive bond yields up faster than they had hoped?
We also look at the false employment numbers given for the previous month. Even though unemployment ticked higher, the Fed sees everything through rose colored glasses… or so they would have us believe.
This episode also investigates economic news from China and Japan; two nations that are so close geographically, yet so far apart economically. Podcast: Play in new window | Download
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We look at the 2013 first quarter GDP numbers and examine what they might be without the current rate of monetary creation.We consider the gold manipulation theory and talk about who could possibly be manipulating the market if it is indeed being manipulated. This may be a great time to take advantage of the low metals prices. Use coupon code PR5 to get $5 off any gold or silver order of $300 or more from JM Bullion.
Josh and I talk about how you can position yourself to be better prepared to absorb the impact of a financial collapse. Eliminating consumer debt, spending less than you make and building skills will help you to weather any storm. It doesn’t take an end of the world as we know it event to radically impact your life on a personal level. A job loss or unforeseen personal event can leave you in a financial ditch if you are living above your means and taking on loads of credit card debt.
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Until next time, Happy Prepping!
We are struggling now trying to make ends meet. I was naive enough 3 years ago to fall for Wells Fargoes home modification scams! Ruined my credit….credit cards called in the loans. I was considered a credit risk. I managed to keep my home only because I hired a lawyer. The credit cards turned over my accounts to lawyers…who are vicious. Monthly installments are never enough and the constant harassments and threats are pouring in daily. What happens in an economic collapse? When people can not pay? No jobs=no money.What do you think banks and lawyers will do?
Ps. Wells Fargo has sent me a $300 check….it was supposed to make up for the fact they lied and scammed me.
Those are good questions Wendy. Banks will likely try to repossess homes and cars just as they do now. Lawyers will try to sue if they can. It is certainly good to avoid debt as much as possible. I am sorry for your ordeal.