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Are We in the Biggest Financial Bubble Ever?
Wednesday, 10 February 2021 13:53

The Scout Motto: Be Prepared.

All the charts indicate we're in for a damn-busting flood of bubbles bursting. The only question is when.



What can you do?

Buy food. Especially canned goods and other staples that do not require refrigeration. Nobody makes fun of preppers when the SHTF.

Buy water. Just in case your local government chooses to re-allocate their remaining funds to pay their salaries instead of treating the water, like Michigan, or fail to keep your water safe from evil hackers, like Florida.

Buy batteries. Power outages are common all of the planet where the state chooses itself over the people, or just runs out of money. That can happen here. It has happened here. Rechargeable flashlights are a good idea. So are portable solar chargers.

Buy a camping stove and fuel. For the same reason that you should buy batteries. When my parent's house was hit by a tornado in 1991, they never missed a hot meal because they had a Coleman camping stove and dad had stopped by a convenience store to load up on ice for the coolers on his way home after the storm hit. Their electricity was out for a week, but they could cook food.

Buy a portable heater. If you live where it gets cold, then you may need an alternative method of heating your home, especially if your home uses electricity to provide heat or circulate the heated air. If you have a wood-burning fireplace, make sure you have some firewood.

Buy an annuity. Especially if you're near retirement (within 10 years), or already retired. Guaranteed protection of principal and guaranteed lifetime income no matter how long you live are two of the benefits everyone should have in their retirement savings plans.

Buy cash value life insurance. This has proven time and time again to be one of the safest places to warehouse cash for emergencies and opportunities when properly designed for cash accumulation.

Be prepared. Winter is coming.