Some big economical tips

  1. Get out of debt. A mortgage on one’s home is a logical exception, provided the price is right. Borrowing for one’s business is also an exception if based on a sound business plan. Speculative investments are not a good idea in these times unless they are made with money you can afford to lose.
  1. Pick a sound bank. Maintain accounts at several institutions. Do not keep over $100,000 in any one bank. Remember that not all types of accounts are covered by FDIC. Some institutions now offer private insurance. Make sure you know to what extent you are at risk.
  1. Diversify your investments among blue ribbon, over-thecounter, growth, income, large, small, mutuals, bonds, real estate, bullion coins, mining stock, and tangibles. Industries that do well in hard times are gambling, alcohol, and escapist entertainment. Study the fields and companies in which you invest. Personal knowledge is indispensable.
  1. Avoid the most recent “best” performers. Their great track records are historical. They have no bearing on future performance. To the contrary, they may now be overpriced and poised for a fall. See how an investment fared over the long run—at least fifteen years—and particularly how it performed during periods of economic downturn.
  1. When investing in coins, avoid those with high numismatic value—unless you are prepared to become an expert. As with other types of investments, seek advice but don’t depend on it. The same is true for diamonds, art pieces, and other collectibles. Stay with what you know. Otherwise, you will be vulnerable in shark-infested waters where even the most experienced traders can lose money.
  1. Maintain a stash of cash, including some old silver coins. The currency should be enough to provide your family with necessities for about two months. The coins are for more severe and prolonged conditions. There is no “correct” quantity. It is a matter of personal judgment and financial ability.

These are the tasks:

  1. Become self-informed. That’s not as easy as it sounds. It involves a major commitment of time and money for books, recordings, and seminars. Do it.
  2. Become a pamphleteer. Develop a mailing list of friends who you think would be most receptive to learning more about these issues. Send them something every month that is informative and not too long to read. See the end of this chapter for information on how to obtain suitable publications.
  3. Join forces with others of like mind. There is strength in numbers. Three people acting alone are a force of three. When working together, however, they multiply their efforts and equal a force of nine. That is the power of organization. When choosing an organization, look for experienced and principled leadership which has proven that it understands the deeper issues and cannot be sidetracked by the Cabal.
  4. Form an educational study group. Give it an enticing name such as The Reality Club or The Awareness Lunch Bunch. Make the meetings interesting and short. Use local speakers, ask members to give book reviews, show videos, have mock debates, throw parties. The goal is to reach new people, not to preach to the choir.
  5. Form ad-hoc committees, along with other like-minded friends, to promote specific projects and programs. Here are a few hypothetical examples covering a range of issues: The Committee for Sound Money, Parents for Better Education, Americans for Tax Relief, North-Bay Residents for Private Property. That is an excellent way to bring pressure to bear on the political structure and, at the same time, attract the support of new people who share your common objective.
  6. Expand your influence within the community. People seldom follow strangers. Become known and respected for your knowledge. Join groups which are influential within your city or profession. Political groups are particularly important, regardless of party. Volunteer for work and seek a leadership role. Personally visit your city and county politicians and maintain ongoing communication. Send them books, articles, baseball tickets—anything to make sure they don’t forget who you are. This is doubly important for political candidates. If you have the talent and the aptitude, consider running for some kind of public office yourself.
  7. Use politics, don’t be used by it We got into our present mess through politics and we must get out the same way; but getting out is a lot harder than getting in. The strategy, however, is simple: remove the big-spending internationalists from office and replace them with men and women dedicated to sound money and national independence. The way to remove the spenders is to expose their voting records to their constituents, most of whom have no idea how they vote on key issues. The way to get better candidates elected is to volunteer to work in their campaigns. Work within party organizations where A REALISTIC SCENARIO 587 possible but beware! Never allow loyalty to the party to override loyalty to principle. Political parties are always controlled from the top, and the major parties are controlled by the very forces we must oppose. It is imperative that you and your candidate remain independent of party control. Otherwise, your money and your effort eventually will be used against you.

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