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RE: Is The Middle Class About To Get Another Full And Complete Shearing? By Gregory Mannarino

in #money7 years ago

I hear ya. All I'm trying to do is preserve as much wealth as I can for the future. If you look at history, the world's reserve currency has changed every so often, assets go in business cycles, and things are overpriced and overvalued.
Who knows what other lies and what other mechanisms the people in power will resort to, to keep their power.
I find it best to understand as much as I can about what they've done so far, and pay down all my debt, and set money aside in things I think will hold their value, or at least not lose as much value as the dollar.
No one knows when confidence will be lost. The best thing I can do in the meantime is prepare as best I can. Invest in stores of value, establish or join a self-supporting community (people helping each other). Argentina, Brazil, Zimbabwe, Weimar, Germany - they all made it through. Just being aware of a situation can be enough to see you through it.
It's important to not let the bad news make you scared. It's important to focus on the positive things and the things that make life worth living.
Venezuela is going through a rough time, and many people have fled. But people are still alive, and one day the dictator will fall.
We are too unruly a bunch to stay down forever.