The Financial System Is Breaking Down At An Unimaginable Pace; SteemIt and Bitcoin to the rescue!

in #money8 years ago

This article by Sovereignman.com explains the sorry state of affairs in the US and global bond markets and gives some good tips on what everyone can do to protect themselves from the financial anarchy that is likely to sweep over the world in the next few years.

Key points from the article:

  • Think about that: the total sum of negative-yielding debt in the world has increased in the last sixteen days alone by an amount that’s larger than the entire GDP of Russia. Just like subprime mortgage bonds from ten years ago, these bonds are also toxic securities, since many of are issued by bankrupt governments (like Japan).

  • With such a huge portion of the bond market now with negative yields, it’s virtually impossible for pension funds to keep their promises.

  • With a solo(k) or self-directed IRA, you’ll be able to invest in numerous asset classes beyond the mainstream retirement options, including physical precious metals, private equity, venture capital, cash-producing real estate, and more.

  • In the Digital Age where e-commerce prevails, there are countless options to generate independent income.

SteemIt and digital currencies will undoubtedly help a great deal of people when the financial grid begins to finally unravel. Maybe decentralization and blockchain technology will finally set us free from the financial slavery of central banking and the military industrial complex.

https://www.sovereignman.com/trends/the-financial-system-is-breaking-down-at-an-unimaginable-pace-20016/
Image credit: 1

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.030
BTC 61766.31
ETH 2428.16
USDT 1.00
SBD 2.64