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Being on the hook is not going to be pretty when interest rates are raised back up, and debts come due. At a personal level, it will mean more stress and juggling to make ends meet. For the larger economy, it will mean cities and states unable to meet obligations or balance their budgets – ending in bankruptcy, and bailouts. Meanwhile, millions of people are relying on that money to keep coming in order to survive. Something is going to go very wrong. Relying upon government to function and send you money is not a secure plan. The mathematics are terrifying and dismal, and so is being caught up in these collapsing states. In the next phase of the financial crisis, the debt supercycle will become the most defining feature of the big hurt that will fall on nearly everyone. Why are the most advertised Gold and Silver coins NOT the best way to invest? That’s the  dire warning that Goldman Sachs issued  about what they termed the Third Wave of the global collapse. But it hasn’t come, at lea

Ask any financial advisor, and they’ll tell you that you should have at least enough money in savings to cover three months worth of bills. That’s before you start working on any real investments. We are all prone to the possibility of losing our jobs, having a downturn in our business, or having an accident that keeps us from working. Should any of those things happen, that money would keep us afloat, while we got a new job or made other financial arrangements. There’s nothing wrong with that advice, from a purely financial standpoint. If you or I should suffer any sort of personal catastrophe, it is likely that we will need money to help us through. That’s the idea behind such advice and it’s good advice up to a point. The problem is that advice doesn’t take into account anything other than a personal financial crisis. Should we find ourselves dealing with any other sort of crisis, that money may not do us the least bit of good. That would be especially true in a situation where we a