Universal Basic Income (UBI) is supported by large companies like Twitter's Jack Dorsey: https://www.foxbusiness.com/technology/jack-dorsey-3m-mayors-ubi
The Covid Plandemic was an attack on small business as a favor to big business. What better way to destroy our country than to destroy our entrepreneurs? Small business accounts for half of employment in the USA.
The dam breaking would be a catastrophic event for the globe -- think of the supply chain. I seem to recall reading that a lot of medical supplies and medicine factories are in the path that would be endangered by this dam breaking.
I actually compare Crypto to the Vaccine: "If you don't buy crypto, you must not understand the technology" vs "Just Trust the Science you Science Denier you" Or "Stay fun being poor" vs "You're going to die" if you don't buy crypto / take the vax They're both psy-ops and we don't know where either one came from.
As the mom of two young girls, I believe the most important thing to teach them is situational awareness. First, don't put yourself in a situation where you might be vulnerable. But if you find that you are in a vulnerable situation or if something just seems not right, know where your exits are and calmly leave.
Here's my personal strategy, though note that I'm not a financial advisor ;)
In order of priority:
- I have extra non perishable food and water on hand. And a small garden for veggies that I will can for storage. I also have purchased extra paper goods, meds, things that I know that I will use over time.
- At least 3 months of living expenses in cash savings. 6 months is better.
- Pay your taxes. We have a government that wants you under their thumb. Don't give them any reasons to come after you.
- Eliminate all debt that you can. Fixed rate debt like for your home is ok; high interest debt, adjustable rate mortgages and especially credit cards should be paid off. If you have a bunch of stuff that you don't really need, sell it right now.
- I do have some physical gold and silver. Silver is the better buy right now but it is more volatile than gold.
- In my investment accounts, I have about 20% in gold & silver miners. I've sold my corporate bonds since I've read that the bond market might get creamed if we do experience high inflation. I have 20% in cash to buy stocks that I am interested in as the opportunity arises. The rest is in stocks.
Buy stocks in strong companies with good balance sheets and solid profit, do not buy the wall street bets stocks like GME and AMC unless you have money to gamble. I'm too close to retirement age to gamble with my savings. Diversify your stocks -- don't just buy tech stocks. Buy a basket of stocks in different industries. Read up on what does well in inflation if you think that's where we are headed. PS: Tech stocks will not do well in an inflationary environment.
Again, I am not a financial advisor but I've been watching and reading a lot lately about the markets. My expectation is that we are going to see a market rally similar to what we saw in the late stages of the dot com bubble. And then by the end of the year we will see a possible crash. In a crash like what we saw in 2001 and 2008, all asset classes dropped. David Hunter is one person that explains well what he sees ahead: https://twitter.com/DaveHcontrarian
Read about trailing stops and figure out what yours should be.
Now if we have a market crash and a constitutional crisis at the same time, then who the heck knows what will happen. I haven't seen anyone talking about this but this is a concern of mine.
Also didn't help that it was announced that Binance is under DOJ/FBI investigation... https://www.zerohedge.com/markets/cryptos-slide-after-report-binance-under-investigation-irs-doj
The report notes that "officials who probe money laundering and tax offenses have sought information from individuals with insight into Binance’s business." Though, while many traders were panicked by the headline, the report clearly states that Binance isn't facing any charges or fines - at least, not yet.
We already are in a situation where people are not working because they are satisfied with what they get in government benefits and stimmy. UBI would replace "some" work. Of course some people would want that.