How to survive another financial crisis
The following is an excerpt from my upcoming book, How The World Really Doesn’t Work.
The purpose of this chapter was to provide readers with some practical advice about what they can do to protect themselves from another financial downturn.
It was my hope and intention to provide some form of tangible reassurance about how people can save money so that it doesn’t disappear in the collapse; so that those with mortgages aren’t left homeless or with debts they cannot afford to pay.
But after some lengthy conversations with experts in the field, I wish I had better news. Here’s the thing: in the event that Australia’s housing bubble finally bursts, or Canada’s, or the UK’s, or America’s, there is precious little people can do to protect themselves outside of selling their assets and paying off as much debt as humanly possible.