I would like to prepare but exactly how does one do that.
Rising interest rates is bad for stocks, bad for bonds, bad for real estate, bad for gold, not great for cash, bad for job employment, bad for starting a business.
Other than pay off all floating rate debt and borrow like crazy for long term, I can’t think of what to do.
I keep reading that you/we ought to be in cash.
But...someone will be along shortly to explain.
In order to prepare for what is coming you will need food, water, guns, ammo, heirloom seeds, medical supplies, tools, land, etc. When the fiat currency becomes worthless, the new medium of exchange will be gold and silver. You are almost out of time to prepare. Be afraid, be very afraid.
Blue horseshoe loves TBT
“I would like to prepare but exactly how does one do that.”
Beans, bullets and Bibles?
Well, according to the author of this article, Graham Summers, you should subscribe to the Graham Summers newsletter.
From the article:
"I first warned Private Wealth Advisory subscribers about this in mid-May writing..."
Notice that in the FR excerpt, the phrase "Private Wealth Advisory subscribers" was omitted!
Summers might be right, who knows? But his primary motivation is not to inform you. It's to scare or motivate you into buying something from him.