In recent weeks we have seen some remarkable events. The recent IndyMac bank failure was the second largest bank failure in the history of the United States. It was incredible and almost surreal to witness a run on the bank in 2008. In the book The Creature From Jekyll Island, by Ed Griffin, it is apparent that bank failures are quite common in our nation's history.
The Book of Mormon alluded to the treasures of people becoming slippery. The stock market goes up and down like a roller coaster, and the price of a barrel of oil follows the same pattern. The current subprime mortgage crisis has led to another bailout of incredible proportions. The financial markets are in turmoil. The federal reserve, and fractional reserve banking is the leading culprit in these tumultuous times.
Wise men and women in my life have taught me the importance of being prepared for the unexpected. My many years as a Boy Scout ingrained into my mind the motto: "Be Prepared". After viewing all of these events, I need to put into practice what I have been taught on a much more urgent level. Food storage, financial reserves, and disaster preparation are necessary subjects to be familiar with.
One subject I plan to study more is investing in real money, (i.e. Gold and Silver) instead of the slippery fiat currency our government forces us to use. In the future, my posts will include material related to my findings. Needless to say, make sure you have your financial house in order as soon as possible. Even if nothing happens (which I doubt), peace of mind is one of the greatest treasures you can have!