If you are looking at what's going on economically, it's hard not to see that something is wrong. For the first time in our lives we're seeing raising rates, an economic slowdown and low unemployment. What does all of this mean and what can we do to prepare for this coming financial crash.
Historically systems only last so long until they prove to be no longer useful and then there is this massive change, this is what we're seeing now. Due to modern circumstances the current cash based system has become outdated. In an age when everything is done online, you can just tap our card and we're seeing an increase in the automation of the workforce how long will it be until we get a digital currency?
As humans we don't like change, so this new change is going to have to be forced upon us using some sort of crisis, kind of like what we're seeing now. The amount of destruction that will be caused in this new transition is seeing a lot of unintended consequences. Those who were previously untouchable financially are now facing the heat as they risk losing their accumulated wealth. If the rich man is not safe, what makes you think that you are?
Although this may be an unpopular idea, you should consider homelessness as an option. At a time when we're seeing the makings of hyperinflation, how long until your wealth becomes worthless? I think it would be better to cash out of the casino now while you still have your shirt and weather the storm in a more financially responsible way.
If the price of your home goes up to where your home increases to a point where no one can afford it with rising interest rates, how valuable is your house? If gas is $10 a gallon, how valuable is your car? If this crash exceeds the destruction of the "Great Depression" then it will only be a matter of time when your valuables become so overpriced that they are worthless.
By choosing the homeless option you can preserve your wealth with low out of pocket expenses. You also have the ability to properly transition to the digital economy and learn free ways to make money along the way. Once the dust settles, you and your savings could have more purchasing power than you did prior to the crash allowing yourself to position yourself to become part of the new wealth class.
Some people think that this is a whacky idea however, do you have a better idea that accounts for more negative possibilities than the one described here? You should consider your options, but don't forget there is an option to become a silver spoon hobo instead of one forced out due to circumstances.
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