MEDIA SLAMS "INSANE" PLAN TO DEFAULT ON U.S. DEBT
In case you missed it, that was a headline from earlier this week.
It grabbed a lot of attention, including from me, but not for the reasons you might think.
To be fair, I try to stay out of the media mud-slinging and fear-mongering.
My passion is helping folks like you get prepared for any and all emergency scenarios.
That's what My Patriot Supply was built on - not media speculation.
However, there's one thing about this story that gave me chills. It goes beyond the media sensationalism. Above all, this story leads us to a great lesson about preparedness in today's politically-fractured, economically unstable world.
What U.S. Debt Default Teaches Us About Preparedness
First, I want to be clear. I'm not getting into a presidential candidate discussion here.
But, I do believe this country is at a crossroads. Unfortunately, I think all this attention on the election is misdirected. We have a lot of more important things to focus on as Patriots.
This week's news headlines made me really think. But not in the same way the media was sensationalizing about.
To give a little more backstory, here's what one candidate actually said in a CNBC interview:
"I would borrow, knowing that if the economy crashed, you could make a deal..."
A lot of people have interpreted this as meaning we would default on the national debt. If this happened, the value of the U.S. dollar would likely plummet, businesses would fold, and the economy could collapse.
Experts say the results would be worse than the recession that came after the 2008 meltdown.
I agree this would certainly be a terrible plan. But it's not the idea of making a 'bad deal' that really worries me.
My biggest issue is with his use of the phrase "knowing that if the economy crashed."
We should not be comfortable with the thought of gambling with our economy. A loss on the bet brings us to a debt-default backup plan to double-down on it, basically assuming the economy will crash.
The fact is, as a leader in the preparedness community, I can't stand by taking those kinds of risks.
Here's the truth about almost every country that has defaulted on their national debt: their economies were all already in the tank. Think of Puerto Rico. Argentina. Greece. They've suffered awful economic conditions and are only now defaulting.
One of the harshest realities in these kinds of barren economic conditions is access to food.
Extreme inflation means less money in your pocket and a higher food cost. This leads to food shortages and, in some cases, social unrest.
Even worse, it's possible you may be unable to access your hard-earned money in the first place. This happens when masses of people make a run on the banks.
These scenarios are why I always suggest that folks invest in a recession-proof food plan.
- A stock of nutritious food on-demand
- The seeds that enable you to grow your own food
These two things will help you ride out any unstable economy, regardless of who is in the Oval Office.
At My Patriot Supply, helping people build that investment in preparedness is our specialty.
To be truly recession proof, we suggest you store at least a 3-Month Supply of food. And to be truly proactive in the face of economic uncertainty, we also recommend keeping seeds in storage. Our Survival Seed Vault gives you 20 varieties of heirloom seeds that will grow easily in almost any region.
While we can't help you cast your vote this November, we can certainly help you prepare for any political - and economic - outcome.
I for one don't like taking chances with uncertainty. I hope you'll join us in being proactive and prepared.
Stay safe out there, friends!
Preparedness Advisor, My Patriot Supply