I think more and more about the oncoming economic crash. It is definitely one of the reasons why I work so hard on Steemit, as in my opinion it is a great way for me to create my own financial freedom and get a little bit less dependent on the debt based fiat system, that is nothing but a ticking time bomb. Doug Casey describes it better; "My sense is that we are definitely exiting the eye of the storm at this point, and we’re heading back into the raging winds of financial, political, and social turmoil." As we are entering these more turbulent times I am building up different supports that will help me to deal with it .
I don't like to be the doom and gloom kind of person, but I don't believe in the saying "ignorance is bliss either". How I feel about the current situation is the "calm before the storm". Because we are long overdue for a recession
The current fiat system has created such a mountain of debt that people don't dare to spend anymore money. Subsequently the economy is slowing down leading to more unemployment, thus creating a viscous circle. Not even negative interest rates seem to do the job and it's quite evident now that this Green debt monster can't be stopped and probably will expload due to its own greed, within short.
So what are you going to do about it ? Well as I mentioned before I am focusing a lot of energy on Steemit for one thing. The reason why is that if there is a huge crisis there will be a run on the banks, and you might not be able to get ahold of your precious fiat money. With Steem and SBD the money is in my control I am my own bank and that is an awsome freedom.
Even though I really love Steemit I am not putting all my eggs in one basket I am investing in other cryptos as well.
I have also slowly collected some gold and silver over the years by slowly stacking. Crypto is awesome but gold and silver has been money for thousand of years and will continue to be so. It's a great insurance in uncertain times.
I have also done some work to get some passive income. I do that by selling royalty free photos and 3D designs. Once I put the photos and renderings online they can stay there forever and be sold over and over again. It's not a big source of income but it's constant and stable.
Now to the most important thing in my opinion, how to lower your expenditures as much as possible. It doesn't matter how much your earn if you spend it all by the end of the month. So the main expenditures is housing and living- atleast for me. So when I move back home I will try to buy a piece of land in the country side. Properties are cheap in the country side and I don't mind living there because I will be able to grow my own food and become more and more self sustainable. This is my ultimate goal !
So how about you, do you see an upcoming economic crisis? What are you doing to make sure you are as safe as possible when it arrives ?
You are absolutely right and I did the same things as you. We entered the eye of the finanacial hurricane on February 2 in 2018. The next step is a big drop in the US shares market which might now happen every day. The biggest crisis in history of mankind will destroy the central bank system of the robber barons of 1694. Therefore i like it to enable the crypto revolution.
thx you sir
well said sir you are so genius