That Would Never Happen Here

     'That would never happen here,' said Americans, the Japanese, the Greeks, the Spaniards, the Russians, the governments of the United Kingdom, France, Dubai, Ireland. The forecasters predict Italy will be next, but the United States is in line to take another turn sooner than any of us would like.  Events people say 'would never happen here,' happen.

     So when 'the never will' happens what should you do? Not a lot can be done by then . The time for doing is before it happens. Take Greece, for instance, since media coverage displayed in graphic detail the financial devastation which occurred. 

     Banks were closed. ATM machines were inoperable. People needed access to their money for basic living expenses, but the banks were closed and the ATM machines didn't work. Well, the ATM machines didn't work for the Greeks. They dispensed cash to tourists using cards from foreign banks. 

     There's a clue to what to do to prepare for financial cataclysm. Open an offshore bank. Not to hide money, but to have some you can drawn on if the need presents itself. When we establish that foreign account, we should be sure to get a debit card to go with it.
     Of course, a few grams of certified physical gold on hand to be easily exchanged for cash is a best practise for these situations.

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