This “best of” edition of the Weekly Drop is a collection of reader questions that focus on emergency preparedness. Because when it comes to surviving disasters, preparation is key.
In this week’s batch of reader mail, you’ll discover two additional items you should consider adding to your everyday carry (EDC) gear, why I don’t mind sharing my expertise with criminals and how to prepare for the coming financial collapse.
James Altucher is a best-selling author, former hedge fund investor and a major backer of Silicon Valley’s hottest ideas. Today, James offers some advice on wealth preservation in times of economic upheaval. You might be surprised to see what he recommends…
Several of the inquiries I received this week have to do with cybersecurity and security of digital communications. I’m glad so many readers are taking this stuff seriously — and taking the necessary steps to protect their information.
This scheme makes money a hot potato burning the hands of anyone holding it more than three seconds. It destroys savers. And it destroys the formation of capital that is the seed corn of future growth. It turns every principle of sound economics on its ear. It is not economics, in fact. It is anti-economics. Any economist proposing it should be stripped of his title.
When’s the best time to invest in something? When everyone else is trying to get their money out of it. It might go against conventional thinking, but following the crowd usually makes you miss the real opportunities. At one monetary metal conference recently, the smartest guys in the industry sat down to discuss where these real hidden gems lay.
Baron Rothschild, the famous French financier, was once heard to say that he knew of only two men who really understood money — an obscure clerk in the Bank of France and one of the directors of the Bank of England. “Unfortunately,” he added, “they disagree.”