Dmitry Orlov has provided details of the 1990′s Soviet economic collapse that provide useful insight of what may happen in the United States.
- Social Collapse Best Practices Feb 14, 2009 by Dmitry Orlov
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Dmitry Orlov’s blog
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Video of Dmitry Orlov’s presentation at the Long Now Foundation.
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Definancialisation, Deglobalisation, Relocalisation. Dimitry Orlov at The New Emergency Conference in Dublin, on June 11, 2009.
Precious Metals
Gold and silver provide excellent protection from a global financial meltdown but debt reduction, food, clean water, energy efficient shelter and self sufficient living skills are more important.
Prior to hyperinflation, purchase:
- Dehydrated and/or freeze dried food.
- Wood stove and firewood.
- Water filters and a manual well pump (if you have a well)
- Tools needed for gardening that do not require gasoline or diesel fuel.
Then, if there is any money left after debt reduction and implementation of your self sufficiency plan, it would be wise to purchase some gold and silver in the form of physical coins and hide them at home or outside your home but not all in one place.
Gold and silver are the only Constitutional sources of money and will be of value long after the dollar and all other fiat paper currencies have fallen.
How high will be the price of gold? Alf Field’s predictions based on the Elliot Wave and fundamentals, $6000 per ounce. But when?
If the present economic system survives it may make sense to sell the house now before it decreases any more in value, use the cash equity to buy gold, and rent for a while. Later it may be possible to sell the gold and purchase the house of your dreams for pennies on the dollar.
Sources worth listening to:
