Collapse Update: Planned Detonation of the Economy

Collapsing the Economy is fine for the Elites now that Trump is in office.

The FED has often found it easier to raise rates under Republicans since they know it is going to hurt whomever is in the Presidency when the music stops on the economy.  As this article points out there were only two rate increases while Obama was in office and one was after the recent election in order to crash things now that Trump won.  Had Hillary won it is doubtful they would have planned anywhere near as many rate increases.

What to do:

Set aside some hard assets such as gold, silver, and other precious metals.

Second tier hard assets include lead in the form of ammunition and steel and aluminum in guns and knives.  This have double utility as possible stores of value in addition to the benefit of self defense.

Own your land and home or keep the monthly payments down well below your income.

Watch stocks as they will probably take a hit.

Bank accounts may or may not be available when the time comes.  Of course we need to have them to some extent.

If you have a desire to gamble you might add in some crypto currency though I would probably keep my involvement in these at a very low percentage of my net worth.  Even when proven to be useful these are still not hard assets.