The Disaster Scenario Survival Handout
Mike Maloney posted a very interesting video including an interview with a Puerto Rican resident. Listening to Mike's guest, you can learn how to prepare for the disaster scenario und survive it.
here are the hightlights:
Cryptocurrencies/ digital money: Due to the lack of power and internet people did not have access to their "digital assets". Credit cards also did not work.
ATMs:Many of them did not work. Even if some worked - people could only withdraw $ 50 per day.
In other words, if you did not have any cash or tangible assets, you were in deep ... problems.
So what are "disaster assets":
- Guns
- Gas
- Water/ water purifiers
- Cigarrettes
- power generators
- medicine/ bandages
I have to laugh, when I hear some people saying that if a financial crisis hits, people will remain calm like during the Great Depression. I have some news for you - even during the Great Depression people did not stay calm, there were riots (e.g. the veterans' march in Washington D.C.).
Further, people go nuts in the course of the Black Friday shopping. Will these people remain calm when a disaster hits? I do not count on that.
Long story short: Hope for the best, but prepare for the worst.
Leave The Disaster Scenario Survival Handout to:
Read more #economy posts
Best Posts From Hoffmann's Input
We have not curated any of hoffmannsinput's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From Hoffmann's Input
- Bitcoin As Reserve Currency?
- Alan Greenspan Shocking Criticism Decoded?
- The Upcomming Global Food Crisis?
- Bitcoin: The Winter Is Comming!
- The Mortal Danger To Cryptocurrencies: Internet Shutdowns
- The Wolf Of Wall Street On Selling, Cryptocurrencies, Money And Others
- The Wisdom Of A Third Grade Dropout By Dr. Rick Rigsby
- The Disaster Scenario Survival Handout
- The Origins Of The Next Financial Crisis
- Everything Bubble and Its Scope