“They won’t take our bank accounts…they will take our retirement accounts.” - Jim Rogers
sovereignman: As I’ve mentioned time and time again, nations are going bust. And
the worse things get, the more desperate their tactics become.
This isn’t the first time that the world has been in this position. This time is not different.
History shows that there are serious, serious consequences to running
unsustainably high debts and deficits. And those consequences have
almost invariably involved pillaging people’s wealth, savings,
livelihoods and liberties… either directly or indirectly.
What’s happening right now is playing out in textbook fashion. More
taxes, more debt, more printing, more confiscation, less freedom.
I’m not talking about the end of the world here, I’m talking about
difficult times ahead, and the things that go beyond economics. It’s
time to face facts and look at how society will change (and has already
changed).
Many people will resist the change and instead cling desperately to
the old system– the cycle of debt and consumption that provided jobs,
stability, and prosperity. These people will have their lives turned
upside down because that system is gone forever.
I’m not being pessimistic, and this is not a cause for fear. We
shouldn’t be afraid of this change, but rather prepare for it by
becoming more self-reliant. Those who are prepared will survive,
thrive, and be well-positioned for the enormous opportunities that
await.
People are waking up to this reality and are taking action to be on
the winning side when the government has played all its cards. Because
as always, there will be winners…and there will be losers.
And the key to being a winner in the age of bankrupt nation states is internationalization, which allows you to rise above the politics of the nation state.
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