Financial Security: 1
Financial Security
No! No! No! This is not the financial security that you are thinking now. What I am about to talk about is, securing your assets from theft and robbery!
What's the first thing that runs into your mind when you read the above sentence? What would be the modus operandi for securing your assets? If you're like how I was a year ago, you'd be running with all of it to your bank locker. But then you realize, you cannot deposit all your money in the bank!
What will u do of your
unaccounted money? I would never call it “black money”. It is wealth you
earned by work, trade, business, inheritance so on and so forth. So how on
earth, does it become black money? So the question is, what do you do with your
unaccounted money? Stack it up and store it in your locker? Very recently,
November 8th,to be precise, Indians have realized that, It would be a pretty dumb
idea!
After this Great Demonetization Drama of India, I'm even more
worried about white collar thefts than burglars breaking into my house. These
white collar b****ds rob you in day light and call it in terms that no man
easily understand- professional tax, income taxes, luxury taxes, sales tax,
vat, octroi, fat tax,demonitisation etc. After all these we are still easily
fooled into believe that, all this, is for our betterment and a brighter future
for our kids, but where is the future? Do you still bite that bait? I don't say all taxes are bad. But off late, most of it don't look good either. I was having a cup of coffee and a doughnut at Crispy Creme few months back, and apparently I was alone. I had enough time to go through the extremely complicated bill with 5-6 types of taxes for such a basic commodity as a coffee and a bite. Out of curiosity, I asked the staff at the counter to explain me why I was being charged so many taxes, as fortunate as I was, it was like the dumb meets the blind on the road. So he gives me his higher official's phone number who would be able to clear my doubts according to him. But that's when I realized, I was just having a coffee and a doughnut in a coffee shop.
If you think about the bigger picture, we are all programmed from day 1 to stay within the system. Right from your home in your early days, your school- think about it! The school is the biggest paid concentration camp that is out there! Apart from learning to read and write language, do arithmatics, what else learned in school years has been of immense value to you in life? You are bombarded with a variety of gibberish that you go through over years and periodically vomit in black and white. You are eventually graded, categorized, branded and sent to higher education on the basis of this gibberish, that obviously has bought you no skills. I often wondered why schools, though it taught us algebra, trigonometry, matrix and all the mumbo-jumbo about numbers, never taught us how to utilize it in real life. Never taught us about making money, what to do with it, Save / spend / invest? Tell me one lesson in financial education that was taught to you in your school days?
You were programmed right from the beginning that you have to study hard to earn a job, and that will make you successful. Does it actually? I hope you would all remember Matrix –the movie.
All human beings in the system think they are living a normal day to day life, because the system has programmed them like that. Except for Neo and his gang who are living in Zion, wearing torn clothes and feeding on unpalatable porridge every day, every meal. Their real life is really pitiable, if we think about it. We would have actually thought, why don’t they get into the system and lead a normal life rather than be in this shithole for God’s sake! Just think about yourself in the same perspective.
I guess this discussion is going way off
topic. So coming back to our topic- we have to find safe investments that can
ride is through troubled times lying ahead in front of us. The global financial
bubble is expanding beyond possible capacity and can burst in the very near
future. When it bursts, the present financial model is not going to save us.
The present financial system is just deviced in a way to loot you wearing a
sheep’s’ clothing. If you are aware of things that happened in Greece few years
back, and after this demonetization drama, I am sure you will not doubt that
something of that sort could happen to us here as well. The whole demonetization
drama was to bail out the already struggling banks from closure. The NPA of state banks and the unpaid loans of corporations run into figures
that don’t fit a calculator screen and that is money which the banks are never
going to recover. The Vijay Mallya drama is just the tip of the iceberg and it
is being projected out of proportion as the biggest scandal ever. I feel
Kingfisher just flew out of the window sensing the trap. There are however
bigger monsters in your closet you don’t know!
If you would just watch what
is happening in the banks around you, you will realize facts. Banks have
started charging us for depositing money in our own accounts (FYI: it’s your
money!). There are penalties on withdrawal of cash from your own account more
than limited number of times (FYI: it’s your money!). The amount of cash
transactions has been limited to less than Rs. 200,000/- (FYI: it’s your
money!). The government and the banks do not want you to take your money
out of their control (FYI: it’s your money!).
I hope you are aware of the fact that in case
of a financial meltdown, calamity or crisis the only amount that is insured on
your account is Rs 100,000/- only, no matter your account runs into a billion
dollars.So anyone watching the system, and not watching and swallowing without guilt all the blasphemy that is propagated by paid media, will realize that there is a real problem. There is a storm brewing and its not a storm in a cup. Soon shit will hit the fan and we will all have to run for cover. So to save ourselves and our family from the oncoming financial crisis, we have to equip ourselves with assets that would not be affected by any of these calamites.
The following three assets would stay strong and stay as a store of value in troubled times:
to be continued.......
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