Resilency

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Off the Cuff: Time To Get Busy

Spoilers & frank statements
Thursday, March 20, 2014, 3:45 PM

In this week's Off the Cuff podcast, Chris and I discuss:

  • Cross-pollination
    • Chris' and my takeaways from our time with Robert Kiyosaki's organization
  • New material
    • What's already in the hopper, and what we're working on now
  • Yellen's first remarks
    • Why do we put so much faith in the Fed?
  • The hard truth
    • You're not crazy to be concerned. Get ready for a rocky 2014.
What Should I Do?

Raising Kids for a Resilient Future

Part 1 of 3: Navigating the path ahead
Monday, June 17, 2013, 1:45 PM

We are heading into a future that does not follow the rules and expectations that the past few generations have been raised to expect.  Parents and caregivers, relatives, friends, mentors – it makes no difference; we are raising the current generation together.  We are all newcomers to this changing landscape.  How can we teach young people to thrive in a future we do not yet fully understand ourselves? » Read more

What Should I Do?

Argentina Street Riots

Preparing for Economic Collapse

Learning from the past – a personal account
Tuesday, May 21, 2013, 3:14 PM

We bring back to the forefront an article from contributor Fernando "FerFAL" Aguirre. With the many new sources of turbulence in the financial system and many new unknowns of how our predicaments will play out, we can always look to the past for guidance. The following is an account from a long time Peak Prosperity member who has lived through economic collapse. FerFAL experienced the hyperinflationary destruction of Argentina's economy in 2001 and continues to blog about his experiences and observations of its lingering aftermath. His website and his book Surviving the Economic Collapse offer windows into the probable outcomes to expect during a collapsing economy. Note: Our site's What Should I Do? Guide offers specific guidance relevant to a number of the steps FerFAL recommends below. Review, Learn, and Get Prepared.  Better a year early than a day late. 

How can I prepare for an economic collapse? is one of the most common questions I get. It usually takes me a second to start to explain how complex such a question is. It’s like asking an auto mechanic, Say, how do you build a car? or asking a computer engineer, What’s all that stuff inside my laptop?

I do have some first-hand experience in this matter, though. The economy in my country, Argentina, has gone through various crises, but none as large as when the economy collapsed in 2001 after a decade of apparent prosperity. The currency devaluated, and Argentina defaulted on its USD$132 billion debt, the largest default ever. The middle class took to the streets after bank accounts were frozen, and the president was forced to resign, escaping the presidential building in a helicopter.

What I’ll do is provide five quick foundational steps, based on what I know, for you to follow so as to be better prepared if something like what happened in my country ever happens in yours. » Read more