Please be cautious: your crypto cannot be relied upon as savings

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Everyone said Bitcoin would pump when the stock market crashed yet the opposite has happened. It would therefore be prudent to have some kind of back-up plan which accounts for a world in which both your fiat money & your crypto is worthless.

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The S&P500 seen on the five year chart displays the severity of what is happening in the stock market.
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However, looking at the entire history of this market we can see how far it could potentially fall now.
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What will this mean for crypto?

I do not know the answer to this question and anyone who says they do is lying.

What I do know is that the central bank printing presses are working over-time to create more money at rock bottom rates, holding back the tide a while longer. Hyper-inflation will take off by the end of the year and governments & banks alike will begin to tumble.

This is what hyper-inflation looked like in Germany before the 2nd World War.

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Yes, that is money being swept away like rubbish and you have every reason to be believe the same thing will happen again.

It has already begun in counties like Venezuela.

My advice

  • take nothing for granted
  • move your cash out of your bank (all the while remembering it is just paper!)
  • stockpile food which stores well
  • start growing food using all available space
  • if you live in a city make plans to move to the country
  • buy water purification filters
  • buy basic solar charger
  • collect useful information on a mobile/tablet (small enough to be easily charged with solar)
  • take a deep breath and feel how blessed you are to live in such exciting times!

To collect the useful information I mentioned all you have to do is follow the @survival-archive account where I am regularly posting books.

The PDFs are being hosted on LBRY where they can be easily downloaded & saved onto your mobile device.

If your device can be charged by solar it means that no matter what is happening in the world you will always have access to this information.

I recommend getting one of these JouleSticks for around $50

Or better still, for around $1000 you can have the all singing, all dancing JouleBox kit.

If you are interested in any of these products please let me know in the comments.



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10 comments
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Wise words and the more I see going on lately the more I feel the need to be prepared. Hopefully our crypto won't go to pot but I do doubt that the establishment will allow the current brand of crypto to remain. Instead I think they will develop their own token and blockchain once they've finished ruining the status quo. Thanks for the nudge and for the links.

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Yes, it was a nudge. I felt it myself a few days ago and noted how little it bothered me. But then I remembered all those folks who believe themselves to be rich because they are holding lots of crypto. The action of growing food seems to take away from the drama of what is happening in the world because all I can see every day is my little seeds growing bigger & bigger. And this is an awesome feeling :)

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If we, the common people can unite en-mass, and organise ourselves properly, then we can choose a means of exchange.

Ecoin and Initiative Q are collecting masses by giving away free crypto-coins. Ecoin have collected over 1 million users in 18 days and forecast 1 billion by the end of the year.

So there is some uniting en-mass. Now what if 1 billion of us are organised well, with a governance system which is bottom up real time democrity? The Matrix-8 Platform is just that. It just needs to be built and utilised.

With The Matrix-8 Platform in use by multi-millions / billions, we will govern ourselves very well. We will choose to use ecoin (or initiative Q, or perhaps Steem, or a merger of them) whichever achieves a sufficient mass of users and chooses to use such a governance system.

If governments and banks shut down (which as you say, is looking very likely - also see note below) it is vital for us to have ready an alternative equitable means of exchange and governance, if we are to seize this opportunity to create positive world change.

Now is the time.

Are you ready and willing to help move this forward?

If so please join the New Age DApps Community, read The Matrix-8 White Paper (pinned post in the Community), then lets begin to plan next steps. I think the next step is to recruit coders and build a working platform and begin to use it.

Namaste
Atma

Note:

10 March 2020
Under House and Senate rules, only members who are present in person count toward a quorum. So if at least half of either chamber is under quarantine or otherwise unable to attend a session, the legislative process could come to a grinding halt right in the middle of a crisis. https://www.washingtonpost.com/outlook/2020/03/10/coronavirus-congress-quorum/
11 March 2020
Speaker Nancy Pelosi has refused to shut down Capitol Hill amid fears of a coronavirus outbreak and the large threat to the aging population of lawmakers.
‘We are the captains of the ship. We are the past to depart,’ she explained to her Democratic lawmakers at a shut-doorway meeting at the Capitol on Tuesday.
The speaker also has rejected ideas for lawmakers to vote remotely or increase up coming week’s congressional recess although the Capitol setting up is a swirl with rumors that once Congress leaves on Thursday they may well not come back again for awhile. https://abc14news.com/2020/03/11/capitol-physician-advises-lawmakers-to-use-mr-spocks-vulcan-salute-instead-of-hand-shake/

The Matrix-8 Platform is an obvious solution to this hazard! Please join and share with friends and followers

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If we, the common people can unite en-mass

We will largely be busy with survival but yes, I can see how it COULD be possible if enough people came together under one banner. Personally I have gone plant mad in the last few months and am growing food everywhere now. While I still have a small amount of time for this computer before the sun rises, it is getting smaller and smaller the closer I get to becoming an actual farmer!

Please keep in touch brother and let me know if any of these projects you mentioned look to be THE ONE...

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Will do Sam. Thanks for your interest.

I'm also growing lots of food. Seeds planted in pots indoors 10 days ago, several are sprouting. Brocolli, Stevia, Celtuce, Celery, and many more. :-)

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Good man! Hadn't thought of stevia. Thanks for the idea ;)

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It looks like "the powers that shouldn't be" already have their own token and blockchain ready for when the banks and fiat currencies fail: https://www.hedera.com/ - look who is running it!

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Interesting stuff indeed. Hadn't seen that one before!

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