In the past, men could design a multi-generational plan with certain safe assumptions: the dollar would be a stable currency, the US Economy would always be among the top industrialized economies in the world, easy access to goods and services would be a constant.
Not to sound apocalyptic, but those assumptions are no longer reliable.
As this recent Wall Street Journal article points out, the reign of the Dollar is near an end. I am not going to delve into this now, but the only thing that has kept the US Economy afloat has been the fact that the Dollar is the official global reserve currency. When that goes away, things get very bleak very quickly.
The US Treasury’s “Quantitative Easing” sets the US Economy, and even the global economy, up for a significant fall.
If you are super analytical and want a technical explanation of the consequences, go here.
For the rest of you, you can watch this video. (Warning: there is some profanity so if you’re easily offended read the technical report above and skip the video)
All of this to say that as we create or adjust our 200 year plans, we need to be thinking about the fact that our grandchildren, heck, our children for that matter, will likely live in a VERY different world than ours. We need to be thinking about long-term asset protection and even potentially alternative national residency. We need to think about global political and economic trends and how we can position our families to be in the most advantageous position 25, 50, and 100 years from now. If the dollar is not the world’s reserve currency, what will be? If the United States endures the horrors of rampant hyperinflation and restricted access to even the most basic goods and services such as occurred in Yugoslavia in the early 90’s (their situation and ours are eerily similar) how do we protect our offspring?
I am not encouraging panic or rash action, but I am encouraging men to build an ark before it rains. In our upcoming, “Make it Count” workshops we’ll be looking at this issue and discussing strategies that can be employed by the prudent multi-generational leader. In the meantime, begin to educate yourself and ponder your course of action. I suggest prayer be a steady ingredient in your diet.
I’d love to get a discussion going on this. Be sure to leave your comments below.