Written by Bryan Lutz, Editor at Dollarcollapse.com:
Every Sunday morning I send out three thoughts.
Sometimes these thoughts are on the economy, life, or hard assets.
If they’re helpful or hopeful to you, that’s great… Sometimes it just comes down to reality. That’s what I’m interested in…
So, here we go.
Here are three Sunday morning thoughts for you:
1. We live in a doers world. Those that do more in, and for their community will gain more status and connections for better security in a collapse. Especially with family. Here’s how.
It’s plain and simple.
Doers before a crisis will more protected and more connected after a crisis.
Yes, doers in workplaces will do well, but…
Those who give some of their to volunteering their community, getting themselves on non-profit boards, or digging their roots deeper with family will be able to survive longer.
How does one build stronger family ties?
Traditions.
Have a property or place to meet at least once a year where you do what the family decides.
This doesn’t have to be a vacation spot.
It can be a production facility, a farm, a charity’s property you sponsor. Be creative.
Training.
Work hard to endorse the education of your children and extended family, even gaining the skillsets of a particular trade – if they are keen and show promise for production, supporting the purchase of equipment is also helpful.
Here are the hard skills producers of profit in your family and community will have: project management and the ability to read financial statements.
Tithing.
Ok, this does not have to be religious, but…
You can work together to financially support causes that are important to you and your family on a cost-average basis.
In other words, a little every month.
It will bring everyone together through purpose, and connect your family with many unexpected relationships in the community.
2. The Dock Worker Union Pres. is one more example of a crony “re-distributing” the wealth to themself.
Here in Vancouver, we have the leader of the Canadian Communist Party(New Democratic Party), Jagmeet Singh re-distributing the wealth to himself.
With his Versace bags, Mercedes Benz, and political posturing to put $2.3 Million worth of government-funded retirement money into his own pocket, he talks the talk, but…
He’s been more busy “re-distributing” taxpayer money for his own benefit.
All the tell tale signs are there.
Just as they are there for the United States’ Dock Worker’s Union President, Harold Daggett.
Check out his “five-car garage that’s connected to his 7,136-square-foot, Tudor-style home”:
It’s located on a 10-acre piece of land 10-miles west of New York City.
This New York Post article reveals how he fought legal accusations of ties to the Mafia before becoming, “president of the International Longshoremen’s Association in 2011, a job that comes with a salary of $728,000 annually on top of an additional $173,000 from ILA-Local 1804-1.”
Our man of the people recently commented on the Longshoreman’s strike:
“I don’t have a f—ing crystal ball between my legs, but it will last very long, I would tell you that.”
Just enough noise to maintain relevance, I suppose.
All while he “re-distributes” the wealth of average Americans for just under one mils a year.
Read Supertext #3 – Economics in One Lesson, Chapter 8, Spread the Work Schemes for more info.
3. The Dollar to Gold Chart isn’t looking good for the dollar. It’s just one more big headline moment for gold that no one’s talking about.
I borrowed this chart from Lawerence Lepard on Twitter.
The red lines indicate a trendline that could have been…
But is no longer relevant.
The ratio has dipped far below the trendline, which now shows the dollar to gold ratio moving even lower.
Basically, this means the purchasing power of the dollar has declined rapidly over the past two years…
Even more than expected!
So, demand for gold is rapidly increasing. Investors are seeking a hedge against inflation in economic uncertainty – gold remains a safe-haven asset.
It also means that at some point in the future the demand for gold will be so high that supply will not be able to match it, driving prices up.
Mining companies and explorers will become extremely valuable because the market will want more gold from the ground.
However, they’re already going up.
Many of them inside Dollar Hedge Insider portfolio, picked by Dave Skarica, are already up over 38% to 53% or more since February this year…
So, if you’re interested in both protecting what you do have, and making big gains on gold and silver miners in the next 18 – 24 months then I suggest you check it out.
Rate cuts, threats of war, and the decline of the dollar are important factors when protecting and prospering your wealth not only for you but, for your family and legacy through hard times.
Take care.
