You may have heard and read the news all over the internet (and other media) that the global economy is on the verge of recovery. To some extent I believe that it is true, but not for all. Unlike America, other countries do not have the government stimulus program worth speaking of. If it is true as the US federal government continues to insist that the stimulus program is indeed working, where have all the jobs gone? Why are over 1/3 of all mortgages under water and another 40% are threatened to be under water?

More and more money is being poured out by the federal government to “bail out”, but this move seems more like a quick and temporary fix, and adding more and more to the nation’s government debt for the future of America to inherit. The once biggest empire who lended money to other countries is now one of the biggest debt-ridden country after Japan and Italy. Of all the greatest economies in the world, only the US, Britain and Italy are the ones still in  recession. All three countries are big stimulators. However, none in the world beats Obama’s US$800 billion loan. The US President has borrowed more money than anybody else on the planet.

While the media beats the drums of the government’s “good news” that the US is recovering, many economic analysts and forecasters believe otherwise. To them, the stimulus program has indeed given signals of recovery but this is only a lull before an even deeper and longer recession.

Unfortunately, a large part of the Americans are unwilling to accept or face reality and allow themselves to be seduced into wishful thinking that somehow the economy is actually recovering. These are the days when some cry out that the dam is broken and a large number of people refuse to believe that a huge flood is coming. You can ignore the warning or you can prepare your family so you may survive through the next recession. You may have hope and faith in the government that their stimulus program is actually boosting the economic recovery, but you can’t be too careful and prepare just in case an even deeper and longer recession is really on the way.

Get rid of debt and focus on cash

If you are currently in debt, create an attack plan to get rid of it. Get professional debt help if necessary but be consistent and be discipline in applying their suggestions to digg yourself out of your financial hole. Your focus should be now to get out of debt as fast as you can and try and save money at the same time. I know this sounds easier said than done. But in order to survive the next deeper recession, you will need to have as much cash and as little debt as possible.

There are a lot of ways to get out of debt and if you put in some effort in researching, you will be able to find the one way that works for you. Consider this as an emergency. The dam is broken and you don’t have much time left to save your family from the huge flood that is coming. Act fast and start your journey to get out of debt soon.

Save your money in one of the safest banks in the world

As much as you love America, the recession is still there while most countries in Continental Europe have gone over it. You are never sure which American bank would be the safest bank to deposit your money to. In times of recession there is always a possibility that more banks will collapse. Keep at least some of your money in one of the safest banks in the world.

Here is the list of the top 10 safest banks in the world, ordered from the most safest to the least.

1. KfW Entwicklung (German bank)
2. Caisse des Depots et Consignations (French bank)
3. Bank Nederlandse Gemeenten (Dutch bank)
4. Landwirtschaftliche Rentenbank (German bank)
5. Rabbobank (Dutch bank)
6. Landeskreditbank Baden – Wuerttenberg-Foerderbank (German bank)
7. NRW Bank (German bank)
8. BNP Paribas (French bank)
9. Banco Santander (Spanish bank)
10. Royal Bank of Canada (Canadian bank)

Feed yourself and your family

More and more Americans see the benefit of having their own home as their source of food. If you have a garden in the backyard, grow your own food like fruits and vegetables. Consider having your own laying hen or diary goat or others. You may think this kind of life-style is extreme. However, some economic analysts and forecasters have predicted food riots and your chance to save your family and feed them is relying on nobody else for food, except yourself who plant them and God who grows them.

You will see that this kind of frugal living will save you a lot of money on food. Your family can eat very well for very very little for a long time. It is time to leave your consumerism lifestyle and live frugally.

Invest in Gold

If you have a little more money to invest, stay away from stocks for a while even though it does seem to be better compared to last year. Consider investing in gold. The reason involves currencies, monetary history and and banking. It is all too complicated to explain everything here but you can watch the video series that the monetary history in order to see why investing in gold is a great idea. Click here to watch your first video of the series.

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