How the Financial Reset Will Impact You (ENCORE) | Lynette Zang (Jun 19 18) – YouTube

Important topic and may be my next focus for research. How will be impacted as a struggling individual.

Mortgages, loans, and even property taxes will erode the value of leveraged fixed assets like car and home. Need for some liquidity, ie gold/silver to handle the changing payment obligations or you can lose your assets. ie you could lose your job and source of income to meet debt obligations. Gold is better but some silver is easier to liquidate for small currency conversions.

A side note, seems to me that Gold maintains its world value against your countries inflationary currency, but wouldn’t holding exchange currencies do the same, ie hold US dollars, chinese, EU.

Assets based on govt controlled fiat currency will most likely be lost such as deposits, cash, investments, retirement savings.

Best assets are income producing farmland, collectibles???, commercial realestate

 

The deceptive promise of free trade | DW Documentary – YouTube

As I see it, we have had decades of experience with both free trade and import tariffs so we have enough information now to make an informed decision about which way is better.

We are talking about the manufacturing of goods here, and all those processing steps of mining materials, smelting, fabrication, packaging, marketing and sales. Each of those steps are laden with jobs. If you move manufacturing offshore, the jobs go with it, but you benefit by having cheaper goods. However, if the jobs go, how do domestic workers earn a living? Which leads to the second unintended consequence – balance of trade deficit. A country that just buys foreign goods and sells nothing in return just racks up a huge debt.