A lot of people think that a financial crisis is just around the corner. The economic collapse that happened in 2008 is bound to happen again. Of course, all events in history are cyclical. The modern economy needs a crisis every decade or so in order to keep going forward.
The scheduled time was supposed to be when the pandemic started. International trade was halted, and everyone was locked up in their homes. People stopped going to work, expenses were on an absolute low, and a lot of individuals lost their jobs. Visit this page for additional info https://newatlas.com/materials/ewaste-flash-heating-recover-precious-metals/.
These are all signs and signals that a crash needs to come. Instead of letting nature take its course and force an economic crash, the government issued out stimulus checks to make everything better. Instead of making things better, this just postpones the problem and makes it worse for the future.
Even though the next crash is going to be horrible, there is still a light at the end of the tunnel. You can invest your current money into assets that will make your life easier at that time. Instead of the crash catching you unprepared, this time, you can use it to your advantage. Not only that, but you can make the situation for your family and friends much better too. Here’s how that can be achieved.
Has this happened before?
These kinds of crashes happen a few times every century. That’s nothing to be worried about. The major ones happened around a hundred years ago, and they included the 1925 real estate bubble in Florida and the major stock bubble in the late 1920s.
Things haven’t changed as much as we think they have. At the moment, we’re living in a credit-based economy. This means that money has no intrinsic value in itself. The dollar is not pegged to anything, and the Fed can create as much as it wants to. Click on this link to read more.
Depending on how people feel about that, the economy can shift in a day. If people think that we’re living in good times, they’re going to spend money and buy more things. That’s the consumerism that is presented to us through the force of social media.
However, if there is anxiety or doubt in the system, then the whole fabric of the economy gets destroyed. A deflationary event is bound to happen, and the size can be either small or massive. With things being as they are, the next crash doesn’t look good.
Why is gold better than the dollar?
There is only a finite amount of precious metals on the planet. We can mine it, and when the last ounce is above ground, that’s it. There will be no more of it. This means that gold is a limited resource. That’s why Metal-res is such a good place to learn from. The dollar, on the other hand, can be printed with no basis whatsoever.
Banks create money with loans, and we’re responsible for it. When you want to buy a new car or a house, you get to sign a few documents. When your pen leaves the paper with your signature, you’ve created more dollars into the economy. Next, the bank gives you the newly issued money, and then you just need to pay it back with a bit of interest.
You can look at banks as money factories whenever someone takes out a loan. If you don’t adhere to your side of the deal, and you don’t repay it, or file for bankruptcy, then the dollars go back to heaven. This is the system that we’re currently using, and there’s a fine line between deflation and inflation.
What can you do?
If the economists’ models don’t work out as they’ve planned, then the world will go back to a precious metals standard. This has happened multiple times in history and in every part of the globe.
This means that having a solid basis in gold and silver will be the best option when thinking about retirement and being secure during uncertain times. Nowadays, it’s easy to save for an ounce of gold or silver, depending on your situation.
