Proverbs 22:3 "A prudent man sees danger and takes refuge, but the simple keep going and suffer for it".
Our mission at GP is to keep people informed, equipped and prepared.
As part of our mission, GP wants to provide useful informational resources to help you prepare for what we believe are difficult times ahead, both financially and otherwise. As a reminder, we have provided in a Financial Preparedness section, selected websites, books and other resources that we hope will help prepare you and get your financial house in order. We alo have provided information on spiritual preparedness as well as other information. Please check it out by going tothe Our Perspective tab at the top and click on Preparedness.
A few comments on the difficult financial times we see ahead. Right now our country is broke. Our National debt (over $14 Trillion) is over three hundred thousand dollars for every household that pays net taxes. If we add on the expected debt for our “entitlements” (social security, medicare, etc,), it is over one million two hundred thousand dollars per household that pays net taxes. Imagine that, over one million dollars per household! We cannot even pay the interest let alone pay down the debt. In addition, we have had our Federal Reserve taking extreme actions like buying most of the debt that our Treasury Department issues. Why? To keep the stock market up so we feel like we can spend more and, to keep interest rates down and because there are not enough buyers for the bonds. We are in trouble and Washington keeps spending. At Global Perspectives, we believe this will not end well.
In addition to the significant economic problems we have, just look around our world. Geopolitical changes and events are both on the increase as well as in intensity. Any day they could easily change our lives.
Remember Proverbs 22:3 "A prudent man sees danger and takes refuge, but the simple keep going and suffer for it".
We have the following specific recommendations for action:
- Don't Own Stocks - Stocks will eventually go back to the lows of 2009 as our debt, higher interest rates, a weak U. S. dollar and other policies lead to ugly economic times.
- Don't Own Bonds – The Fed has zero interest rates and are buying our own bonds issued by the Treasury because no one else will. Yields are now at 20 + year lows. No where to go but up and that means bond prices go down.
- Own physical Gold and Silver – Hedge on the U. S. $, inflation and chaos. Paper assets (like ETF’S) cannot be trusted.
- Keep Cash in a Strong Foreign Currency Bank (non U.S. dollars) – The U.S. $ will lose world currency status and the $ could lose half of it’s value. Our debt will crush us.
- Get Out of Debt - One less thing to worry about and debt is not Biblical.
- Keep at Least a 3 Month Supply of food, water and medicines. Be prepared to share with others.
- Stay close to God. He will help you through tough times. You are more than welcome to this information if you do not know God. We hope and pray that someday soon you will. We would love to have the opportunity to talk with you about enjoying a personal relationship with Him.
Steven Meyers and Ron Rebner
Disclaimer
The statements, opinions and analyses presented in the articles and newsletters on this website are provided as a general information and education service only. Opinions, estimates and probabilities expressed herein constitute the judgment of the author as of the date indicated and are subject to change without notice. Nothing contained in this website is intended to be, nor shall it be construed as, investment advice, nor is it to be relied upon in making any investment or other decision. Prior to making any investment decision, you are advised to consult with your broker, investment advisor or other appropriate tax or financial professional to determine the suitability of any investment. Neither GrainBelt Commodities, LLC. nor Steven R. Meyers shall be responsible or have any liability for investment decisions based upon, or the results obtained from, the information provided.
