Massive Changes Ahead - Economic, Financial, Social

The world is changing rapidly and our lives are not going to be the same again. I am sure that many of you can both see and feel the dramatic events that are unfolding. Uncertainty is huge and this causes fear and panic in the mass consciousness. Through all this it is vital to stay as calm as you can and to look at your options.

The G20 nations are meeting in a couple of weeks' time to discuss the future of the world economy. This is going to be a crucial meeting and likely to affect our whole future. Why?

It's obvious that all the billions of dollars, euros and other currencies that have been injected into the financial systems has had little if any effect. Stock markets are plummeting, people are losing their jobs, their homes, their wealth, their security.

What are the possible outcomes of this meeting?

It has been dubbed as the Bretton Woods Part 2 which could mean that there will be a revaluation of all the currencies and in some way tie them back to a Gold Standard. There is a possibility that gold will have to come back into the system as a fractional reserve asset. The US will have to come up with a huge quantity of gold in order to back the currency and there is a strong possibility that sooner or later they will resort to confiscation of gold. Who knows which other countries will follow suit and at what price people will be able to redeem their gold when they sell.

This is very frightening for the average person who has bought gold maybe as insurance or protection of their fast-eroding wealth.

The answer right now is that no one really knows what will happen. I would expect that over the next three to four months, everything will be extremely volatile and that the uncertainty and panic will continue to escalate. We have not seen the worst of this situation yet. There is much more to come out and we are at the start. This is not to be pessimistic, but to make you aware that you do need to think about protection in every possible way: your home, your finances, your possessions, your job, your work...

At the end of all this upheaval we will hopefully have a much better and more honest world, however, these will be hard times and the more prepared you are, the better.

My suggestion right now is that you stay as aware and awake as possible about what is happening around the world. If you are unable to do this, make sure you have a professional who is helping you through it. For example, should you sell your house right now, should you buy some land, which currencies should you invest in, should you try to buy some physical gold, should you sell your gold before the governments confiscate it?????????

These are huge questions and you either need to keep abreast of the changes moment by moment yourself, or get some help. It is very hard right now to just preserve the wealth you have, never mind grow it. I hate to see people lose their hard-earned money and there are ways to stay afloat, but you do have to keep on changing and adjusting depending on what happens around the world both politically and economically.

You have to be flexible and you have to devise new ways to stay on top of the situation.

My recommendations:
Start making a plan for the future but be flexible and ready to change it should circumstances dictate
Have some cash on hand - at least 3 months
Have an alternative means of transport: bike, moped, scooter
Start thinking about alternative ways of creating income
Store canned goods, dried goods, toiletries, paper goods
Get out of debt totally
Watch world events with an eagle eye and think about the consequences of new policies and regulations - how will they affect you.
Start thinking about being as self-sufficient as possible
Make contact with people around you - reach out to others

These are challenging times, but they can be very positive in creating a much better world where we waste less, where we have a simpler life, where we reach out to others and help the less fortunate in our midst.