The dollar crashing is the most likely threat we have. Subjective, honest economists agree that the system created by the Federal Reserve is unsustainable. The bubbles (over-priced market assets) we are seeing, many believe, are market manipulations to avoid the inevitable. The 2008 housing bubble cost many regular people their life savings, not to mention many found themselves “upside down” in mortgages in which they owed more on their homes than they were worth. I personally saw a downturn in my business that caused me to go back to working for someone else for a period. When the current Treasuries bubble bursts it will effect the whole economy as treasuries are what backs the US dollar and considered risk-free. We will see if they can manipulate us out of this. Or is there a bigger agenda that’s part of this scheme?

I disagree with playing in cryptocurrency. History has shown us that any mediums that compete with the U.S. Dollar, fiat or otherwise, are scrutinized and prosecuted by the government. Further, EMP will shut down any access to cryptocurrency, let alone ATMs and everything else. EMP is a greater likelihood than the dollar crashing. EMP would definitely screw with the supply chain of this country, because no electric means no way to get supply to sudden consumer demand, which would immediately cause civil unrest. I would suggest barter networks more than cryptocurrency, because history has also shown that this method of supply and demand cannot be monitored or regulated by the government. I refer anyone to the paper on the barter systems by Bruce Bartlett, U.S. government economist, whose main contention is that the government cannot regulate barter and this is freaking them out (there’s no way to track it); thus, any crypto methods that can be regulated or monitored can be seized simply by seizing the network that supports it itself.

If the grid goes down, EMP or otherwise, how do you get your crypto currency?

We are self employed and have a Solo 401k professionally managed by TDJ. What recommendations or questions do I need to ask of our management company since I have given them fiduciary responsibility for investing our funds?

What then.?

Outside of survival food and water, few observations…

If the power grid collapses for whatever reason (EMP, hacking, etc.) NOTHING is going to work: no banking/ATMs, no gas pumps, no Internet, no Starbucks to charge your phones, nothing. While cash is always to good to hold under “normal” disaster situations that may last days to weeks, should the government collapse it will be next-to-worthless in short order. And crypto currency, ha-ha-ha! Like so many others, I’ll pass, too. If I can’t hold it or see it, it has no value. At Bitcoin’s current $7260 price, you’d have to be a serious fool to be buying this to save for the proverbial rainy day.

IMHO, silver (currently under $15 per troy ounce) and copper (currently under $1 per avoirdupois ounce) are good to hold for most folks. Gold is too expenses ($1200+ per troy ounce) and should it become a barterable commodity it will be even more expensive. My thoughts are what will you be bartering for with gold? Of course instead of buying gold ounces you could buy fractional gold, but silver, especially 1-oz American Eagle and Canadian Maple Leafs are far better, and more flexible, choices. Of course eventually people may not trust your gold and silver are real and not plated metal. So while I have generic silver bars and rounds, government-minted silver’s my first choice. I also own copper since it is a highly useful metal.

Just my 2 ounces of copper. ;-)

Re: crypto Currency. In a grid down situation your garden won’t do squat for you, it will be the dark ages all over again. All the bullets in the world won"t help you, the horde will be to numerous for you to fight off. Basically your collecting resources for the toughest people on your block. You may believe that’s you but a mob of hungary people may say different. Now the grid may go down in your particular area but there will be a grid somewhere and your crypto will be there. As the grids are restored, and they will be, you will be able to access your crypto. As for being hacked, if you store your crypto offline in a ledger s for example, your crypto will be quite safe. Having said that, all crypto aren’t the same. Plenty of scams out there. Stick with the big dogs. Yes bitcoin is going down now and will go down even more. Wait till October to buy then take off line and forget about it, then dollar cost average buying more. No you don’t put every dime you have into it but in my opinion Bitcoin is the future.

Coins cannot be discounted. A quarter is a quarter a nickel is still a nickel in this scenario. The new paper money would likely Be in different colors.

I agree with FL Prepper, if you are not able to hold it in your hands, then you don’t own it. And it does you no good. I would never trust anything on line to hold my money! Nor would I put my money in a safe that it could not open without electric, or computer, controlling it, as another person said. The rest of the post is good solid information that is do it your self stuff, so you KNOW you are as prepared as you can be for most anything.

I really like your article. Having cash is ok if currency itself survives. I agree with investing in precious metals. it will always hold value, not like stocks which are just numbers on a piece of paper and
fearfully—-overvalued. Also learning how to grow food and, lay in a supply of survival food, and preparing with self sustaining power is paramount. Too many are attempting to hack our fragile power grids.
I hate to think of the aftermath if that happens. Crypto currency—-one can make money quickly with it, but it can grow out of control, and just as easily disappear overnight. You need something you can hold in your hand.
Overall I love and respect what you are doing to provide for and equip people with what they need, and what they need to know, if the unthinkable occurs.

I agree with FL Prepper and Norm, All my Safes are old fashion tumbler style, I don’t invest in metals unless they are in my hands. I worry about the collapse of the internet, then watch ya gonna do to get your metal stash let alone prove it’s yours. Had a Great Uncle who did 38 years in the Army, and always told me that America would never be invaded or attacked by conventual methods, that we need to worry about the Nuclear threat or the most likely attack will be the socialists and communists from inside. and to me that seems to be what is happening. the reason I left the democratic party in the seventies they have turned our young people into socialists

Crypto values are all over the scale. Just like with all other investments that must be accessed via the Web, if you lose your connection you have lost your crypto. The hardware and electricity costs to mine for crypto are far more than what you might find after a year of mining!

As for metals, who is going to accept it? How do I know it’s real? How do you make change? Maybe you have a rare silver dollar, do you really think the store is going to give you what it’s worth?

Only cash has value.

I like what you have to say except the investments. If the banks go down so will the markets in time. You will not have enough time to get your money out with all of America calling their brokers to cash out. Good luck.
The smarter way to protect yourself would be to buy gold or silver and hide it.

Well thought out article.

hold gold bullion in one hand and a loaf of bread in the other, with a father and children before you, and see which he will choose in time of crisis……….

The first think that occurred to me when I saw the photo of the cash going into the safe was the electronic lock. We are working hard to plan for the possibility of an EMP, so our safes work with keys.
Thanks MPS for all you do! You are awesome!

Crypto Currency is based on nothing, backed by nothing, and when the grid collapses to count it, and your balances become zero, who you gonna complain to? Nobody. Crupto currency is much worse than paper cash, cash and basically worthless. Its a fools errand. And your balance can be hacked and stolen at the push of a button. Stay far away from any crypto currencies. Its a pyramid Fraud Scheme. I cannot believe this articles Author even recommended this. Go invest in hand tools to build and garden with instead. Go buy several #40 Lb bags of corn feed to spread out to attract wild life instead for your natural food plot for proteins. Get real folks, If you cannot hold you wealth in your hand you do not own it. Crypto is Fraud from the get go. Don’t be fooled. FL Prepper.

EXCELLENT!!
Thank you for your Excellent article.

Its a message more people need to grasp and act on. I posted it on Facebook.