A number of readers have asked me, in so many words, “If government can simply steal all, or part of our money through confiscation – as in Cyprus – what the heck should I save and what are ‘cash equivalents?”
That is a question near and dear to the heart of preppers.
Fine question, not too long an answer, but worth kicking around because a country which has more debt that annual GDP is (in a very real sense) and economic time-bomb waiting to go off. And when governments go off (on the people) the results are often infuriating and outrageous as any Cypriot, Greek, Italian, Irish, or Icelander will attest. Prepping of the most extreme sort, but….
First, however threes the ever-important Trading Model and coffee…