Disclaimer: I don’t know what I’m talking about and need Freeper guidance.
I am a hard wired, genetically programmed prepper and a hard asset person and have been for a long time. If tshtf, I’m as good as I can be.
However, I am surrounded by successful, soft asset, 401k, etc. people (my children, among others) who do not see the world as I see it.
When I bring up the potential threat, they remind me about the FDIC and that if the bank(s) fails, then the next day it reopens with a new owner and name and their accounts are just as liquid and just as safe.
Barnhardt and Zero Hedge are good but it is like pointing at cracks in a big tall building that is in New York City and isn’t relevant to their lives. While I think that it can land on their heads, I am not making the case. I need intellectual ammo.
Could the government just provide liquidity on demand accounts, i.e. checking, passbook savings, etc. and convert all others in timed commitments like CD’s, 401k’s, etc. to a “government bond at 2-3% and no withdrawal until the government says you can” type of arrangement? (I think I just made this up but it makes sense at some level.)
What is the scenario for these kids?
I’m not sure what is in store for our kids.
My nephew, age 19, is trying to get a job with a railroad, at the same time he is seeking financial aid to attend college and earn an associates in welding tech.
I suspect that for the young, they must research what jobs will help rebuild our economy and take a path towards jobs that meet those goals. Maybe becoming a machinist, a millwright, or a carpenter; or maybe learning computer assisted manufacturing. The truth about work is timeless: if you love what you do for a living, it isn’t really work.
I tell young people if you don’t know what you want to do with your life, join the military. It doesn’t matter which branch. I guarantee that within two weeks of starting recruit training (BOOT CAMP!) you will likely know what you want to do the rest of your life, and it ain’t the military! But it is a good interlude where young minds can learn to become organized and self-disciplined, and maybe earn the seed money to start a business. The opportunities are there, they just need to recognize them.
For the young, there is always a future. We should encourage them to think positive for they have the time to follow differing pathways of discovery. Some will end in disappointment but some will open other avenues of opportuniaty. Just keep going forward and do not get discouraged.
I hope this helps you, Ron. For the youngsters, I think there is potential in the future. It is those like ourselves I worry about.