Economic commentator and author Franklin Sanders, who will be featured prominently in the Beyond Off Grid documentary, provided some wisdom to the readers of his daily newsletter a couple of weeks ago. Read carefully the following words, and think about how you need to act upon them to prepare for what’s coming.
“Y’all aren’t flattering & deluding yourselves that somehow the system will muddle through this chronic financial & economic crisis, are y’all? It won’t. The unthinkable WILL happen. Only two outcomes are possible, (1) default or (2) hyperinflation. In no other way can the colossal government debt (and all the rest of the debt) be dealt with. The longer you ponder it, the stronger & more ineluctable becomes this conclusion.
If you are deluding yourself that somehow or other the government-banking cartel can make good on its promises to you — healthcare, social security, cheap loans, unending prosperity, the good life & the American dream — you are fooling only yourself, & you will bear the eventual consequences.
Y’all ought to start IMMEDIATELY reducing toward zero your dependence on government & the financial system. If you have debt, give your eyes no rest until it is paid off. Cut up & throw away your credit cards. Learn to admire people who wisely drive used cars instead of accepting debt slavery to buy a new car to look good. Kick in your TV set, get to know your own family & neighbors. Spend time with them and ditch you addiction to digital devices & virtual socializing. Plant a garden. Use cash instead of leaving your money with the banks to use as they will to feed off you and destroy society. Most importantly, start building a future that secures your source of revenue & frees it from the banking system. Oh, buy or develop productive assets, and silver & gold, whose value doesn’t depend on government or banking.
One way or the other, sooner or later, the system will hit the wall in default or hyperinflation. No other exit. Start building the new economy now.”
(c) 2013 The Moneychanger, reprinted by permission. You may sign up for the Moneychanger’s free commentary on the gold and silver markets — and a lot of other things — at www.the-moneychanger.com.”
Let us know your thoughts in the comments, as well as what you’re doing to take action based upon this wise counsel.
Also, enjoy this excellent description of the modern American economy by Franklin Sanders from our interview with him for the film.