Charles Hugh Smith and Rick Ackerman joined us today for another investment roundtable, and what to do with your retirement investments was a big topic. Each day, the government gets more desperate in their frantic search for new revenues to keep the bankrupt system afloat. Therefore, the multi-trillion dollar pool of private retirement savings becomes an ever more irresistible target for a rapacious congress, which is more concerned about feeding itself than helping Americans through the current economic malaise.
This concept led to a discussion of survival investing and where to safely store your money. Charles introduced the concept of re-localization. There’s a definite trend in society, where globalization was the buzz word for the past 20 years. But, the economic crisis has led to a rediscovery of local investment and entrepreneurial opportunism. Rather than looking to Wall Street to discover investment opportunities, we must look to Main Street to find profitable businesses that will lead us out of this economic darkness. Networks are being created to allow individuals to participate in this investment shift.
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