Times A-Changin’ – But Gold Permanent

DON’T TRUST THE FINANCIAL SYSTEM

Any money in the bank anywhere in the world will either be lost through insolvency, bail-ins, or total debasement of the currency. Many of the other assets held in a bank could face a similar fate.

Cassandras are never liked, neither before the event they predict nor after it has happened. I have often stated that I hope that my forecasts are wrong because if they come true it will be devastating for the world. Most people will only be wise after the event. What is clear is that the risks are massive and wealth protection means taking steps before the event and that time is now.

The most important asset human beings have been gifted with is their brain and their genes, including their health. Anything material we can lose, however well we protect it. But survival depends mostly on how you use your brain, as long as you are healthy of course. Even the best plans can go wrong. Remember “The times they are a-changing” and unforeseen events will happen out of the blue. Thus we must be prepared for the unexpected and react as necessary. It will not be a static and easily predictable course of events. There will be panic moments and there will be seemingly quiet times. But the trend will be very clear which means strongly down of the world economy and financial markets. It might take ten years or longer. Nobody knows. What is important is to surround yourself with a supportive group of friends, family as well as other people who will be useful like trusted financial experts, doctors, farmers, tradesmen etc. And remember that: THIS TOO SHALL PASS.

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