Equation: High Debt + Covid19 = Disaster
Some people don’t seem to understand what this equation means.
Let me break it down for you.
- High Debt + Covid19 = Disaster
- High Debt + Covid19 = Interest Payments + Cashflow Stop
- High Debt + Covid19 = No money to service loans
- High Debt + Covid19 = Bank Foreclosure
- No money to service loans = No money to buy assets
- No money to buy assets = Asset price drop
- Asset price drop = Not enough equity in your loan
- Not enough equity in your loan = Bank Foreclosure
- Bank Foreclosure = People go bust
- People go bust = Banks go bust
- Banks go bust = Countries go bust
You have two choices. Head in the sand and ignore it. Or eyes open and get ready.
Eyes open people ask what should I do. Head in the sand people keep playing at the beach.
Did you know Gold protects your money?
- Gold stored outside the banking system protects you against bank failure.
- Gold is a protection against currency devaluation.
- Gold is highly liquid and easy to sell if needed in emergencies.
- Gold price goes up during times of crisis.