Watching the dollar falling – the financial "preppers" prepare for the doldrums

Watching the dollar falling the financial "preppers" prepare for the doldrums

Whoa!How things have changed.Once the Dollar was king now it's a slave.Once it was globally acceptable now, just recently, I saw it rejected for payment of a small souvenir purchase on the island of Malta .

Yes, intelligent US$ investors who desire to protect their assets from the Dollar's constant falling in the value are now looking to invest in anything that will keep their financial schooner sailing to more prosperous shores.They are investing in: 1) Foreign multi- currency accounts, 2) Foreign residency, and 3) Second passport programs. These astute investors have now been given a new name -- "Financial Preppers."

In a recent Newsweek article, "Rise of the Preppers," they are described as, "...regular people with homes and families." And, like the survivalists who came before them, they are also preparing for the doldrums where the wind bloweth not.However, there is a big difference in how they are preparing, for their major interest is neither moving to the wilderness nor storing up the basics of life.No, this is a new breed.

These "Financial Preppers," also called Neo-Survivalists, are planning internationally.Even in a global crisis they are planning on enjoying the good life.How do they do this?Simple, they plan on living, somewhere on the globe, where there is safety and a productive national economy. Yes, these "Modern Financial Preppers" are wise and sophisticated international planners.They are researching and learning the secrets of living internationally, which includes asset-protection.They will avoid the doldrums at all costs their sails are set to catch the entire world's refreshing breezes.

There is a website, The American Preppers Network, which receives about 5000 visitors a day founded by Tom Martin.Tom observes that, "There are so many variables and potential disasters out there, being a Prepper is just a reaction to that potential." For a Prepper, these "variables and potential disasters," include : 1) The collapse in the commercial real estate market, 2) The abusive government, 3) The nationalization (read theft) of 401ks and IRAs (something Obama hints about), 4) The unfounded liabilities of Social Security, Medicare and other US Government programs, and, of course, 5) Trillions in fiat money to fund future bailouts.How's that for a depreciating warm up list?

Naturally, all of the above negatives only lead to one logical conclusion for savvy Financial Preppers.What's that?They must find a financial solution for the devaluation of the US Dollar against hard currencies such as gold. Since all causes have effects, many more concerned US and Canadian citizens are joining the ranks of this Financial Prepper Movement.They are wealth-preserving-minded people.They refuse to fall into the doldrums.

These people are asking the obvious (in-the face) questions about: 1) What is the competence of national leadership? 2)What is the real value of their present health care system, and is there any hope for something better?, and 3) How long will Social Security and Medical Care last?As one prepper puts it rather sarcastically, "in times of crisis, the only sure thing is that you can count on your government." Financial Preppers don't trust government!

As we all know, when residential real estate and the stock market crashed in 2008, unemployment doubled.And, again, as most of us know, when the US Government (read TAXPAYER) came to the rescue by borrowing trillions from the Chinese, Arabs and other wealthy sources, unemployment naturally continued to climb, and likewise, bigger (read immoral) bonuses climbed on Wall Street.

The natural consequence of unemployment being so high is the record number of home foreclosures predicted:7 million for 2010, twice those of 2009. In view of all this planned destruction the financial Prepper, walking quietly, decides to get out of harm's way and to sail to more prosperous global shores.

Just meditating on the fact that 7 million Americans and Canadians have already moved offshore to protect themselves, their families and their financial interests is a staggering number.Furthermore, we see US real estate prices going down the tube, so it is no wonder why more and more Financial Preppers are buying international real estate, which is increasing in value, as 1) A primary residence, 2) A vacation home, or 3) An investment property.

Also, we must ask, why would any US Financial Prepper want to live in a OECD [Organization for Economic Cooperation and Development (Read "Rip Off")] country, paying high taxes, when he can legally live abroad, taking advantage of the US Tax Law of $90,000 a year tax-free earned income?

The majority of real estate buyers in tax-free offshore havens like Panama and Belize are the overtaxed Europeans and Americans.These Financial Preppers are seeking, beyond a doubt: 1) A milder climate, 2) A Lower tax rate, 3) A higher quality of life, and 4) An asset-protection environment.Surely, this is a win-win situation.Obviously, these Preppers are moving where the word "doldrums" is not even their vocabulary.They are sailing the high seas with wind in their sails.

Therefore, as international real estate is becoming more popular, two factors have evolved that make it a wise investment. First, despite the general, international banking crisis, foreign banks are increasingly willing to finance these properties. Second, with more real estate buyers and easier bank financing, prices in countries with business-friendly regimes and financial systems, like Panama and Belize , are continuing to rise from basic "supply and demand."

Considering that buying international real estate is a relatively new Financial Prepper strategy, and that Preppers also understand the devaluation of fiat currencies, they, along with buying real estate, are recognizing the time-honored advantage of buying and storing gold bullion and other precious metals .Of course, they are using offshore storage vaults -- often located in Switzerland , Austria or Singapore .Obviously, this is a two fold, economic winning play.

Gold has always been the preferred payment for goods and services, around the world, when currencies erode. So, this historical fact makes precious metals the world's best asset-protection strategy when threatened with currency devaluation. Moreover, this is evidenced by the way the price of gold has recently soared, while the purchasing power of the dollar has plunged.

The buying and storing of gold bullion and other precious metals offshore, like investing in international real estate, offers Prepper international investors the security and peace of mind that comes with traditional financial privacy.

Furthermore, with Swiss-style bank secrecy being globally under attack, and the US Foreign Bank Account Reporting (FBAR) form now requiring individual Americans to list bank names and account numbers, Preppers find themselves being suffocated by bureaucracy and are seeking a financial privacy outlet.

However, since neither ownership of foreign real estate nor storing of foreign physical bullion need be reported on US tax returns or US FBAR forms, common sense dictates that holding physical bullion and real estate have both become increasingly attractive. This can be life-changing information Please re-read!

The bottom-line:Financial Preppers have been constantly growing in numbers as the world financial markets become more chaotic and financial privacy is being strangled. Preppers are responsible people who are making rational decisions to protect their families' assets by buying international real estate and gold bullion offshore.Yes, they demand their FUTURE be protected, thus they have sailed out of the doldrums and found refreshing breezes that sustain life.

By Jack Godwyn

Ref:REWRITE#7WatchgThe$Falling-TheFinPreppersPrepForTheDoldrums

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