Episode-68- 850 Billion to the Bail Out – Now What’s Next?

So I went on vacation and came back to the following reality, the bail out came at 150 billion more then it started out, the Fed is buying up junk paper on its’ own and the Dow Average declined below 10,000 for the first time since December of 2003.  So what’s next?  What do we do now?

The short answer is continute to prepare, continue to save and continue to above all not panic.

Tune in today to hear…

  • How the emotional response is trumping the fundamental reality of the overall maket
  • Why if you already took the hit, bailing now may be a mistake
  • If you are under 40 relax about your 401K, IRA, etc
  • A place for a safe and protected 4% return on your savings
  • For now save cash you can get access to, don’t put all savings into deferred assets
  • How playing a “Special” game of Monopoly can show you how screwed we are with the Federal Reserve
  • Why food may be the best investment in the next 12 months you can make
  • Why all the big ticket items are going to “go on sale” very soon
  • Yes we are going to be “OK”, at least most of us
  • Buy food you eat today to store for tomorrow, not MREs, etc.
  • The “order of survival preparations by priority”
  • Now it the time to save and the time to buy
  • How to be wealthy regardless of the total dollars you possess
  • Now might be the time to buy that “travel trailer” or other RV
  • The “compound” vs. the single structure
  • Today buy what you need for today or tomorrow, this is not a time for “luxuries”
  • Caution on the justification of buying “guns and ammo”, stick to “bean and rice”
  • What you should do if the real revolution comes
  • The first rule of survivalism is to survive, so keep your head down
  • Think both permaculture and agriculture, plant a tree today
  • The wealthy people see a recession as an opportunity and you are wealthy, you really are!

Resources for Today’s Show

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7 Responses to Episode-68- 850 Billion to the Bail Out – Now What’s Next?

  1. Welcome back, Jack! It sure has been quiet for the past few days. Time to Jack In!! =-D

  2. Welcome back Jack!!! I had to listen to old podcasts to get my ‘fix’.

  3. Welcome back Jack!!!,,, That sounds like something from “WKRP in Cincinnatti”. Now that I’ve shown my age, it’s good to have you back and have your thoughts on the past couple of days events.

  4. hey Jack,
    Love the show but I have to play devils advocate for a minute. I don’t see the value of “dollars” as being worth much in a sever depression or any situation with hyper inflation. Much like in Germany, Nigeria and hundreds of other countries the currency becomes worth nothing at some point.
    I agree with you Jack, don’t panic just start living a different life style.

    My personal opinion:
    -Food + Water, the best investment
    This is the most important thing to life itself. More people die from lack of clean water than a certain disaster itself. Better to have 1000 dollars worth of water, purifiers and food than in a savings account.

    -BUY COMMODITIES
    You’re gonna be a lot better off with extra gas, medicine, camping supplies, weapons etc. than you are with a bunch of paper thats only value is based off speculation.

    -Gold + Silver Work, but not right away
    If there is a major collapse of society gold and silver will be as worthless as paper money. You can’t use gold and silver to fill your belly, heal a wound or kill an animal.

    -Live within your means
    Cars are only worth the gas they run on. In a gas shortage your cars will be a big piece of scrap metal.(with the exception of a stationary travel trailer which you can live in) Property is expensive and can be seized by the government or bank if not fully paid. Don’t try to buy either unless you have other supplies like water, food and medicine etc.

  5. Look at that. 1000 listeners! good work Jack.

  6. Glad to hear you back! Also think a few days away has let you calm down on the issue! Well balanced podcast. We are in very uncertain times and as much prep as you can do should be done. the best defence is an open agile mind!! We are all very well prepared for this mentally, as you have assisted in providing us the tools to better understand this and not be sheeple. BR steve

  7. 1020 listeners, excellent news!!!!!!