CC#024 - Your Financial Emergency Action Plan (FEAP).

What to do if the financial markets get a lot worse than 2008.

In 2011, the United States military published a 31-page action plan for managing and ‘protecting humankind from zombies’.¹

The document is used to train recruits in how to implement an emergency action plan effectively.

The document begins with a disclaimer that “this plan was not actually designed as a joke”.

Obviously, to many empiricists, the idea of zombies and the US military in battle sounds like a low-budget disaster movie with a blushing rotten tomatoes score.

However, it did get me thinking about an emergency action plan for your money, should the worst happen to the fiat currency system.

As I write this (October 2022), rumours of a ‘large banking institution’ collapsing are all over Twitter. But, of course, with Twitter being Twitter, these rumours could be considered trivial if it weren’t for the stock prices of some of the institutions referenced (in particular, Credit Suisse) experiencing their share price plummeting by over 60% in ten months.

The Swiss watch ticks on for now.

It seems Halloween has come early for Credit Suisse as it fights a tirade of questions about its balance sheet and its ongoing viability. This problem is unlikely to be helped by the fact that the chairman of Credit Suisse is a gentleman called Axel Lehmenn.

I have had to provide a link to verify that fact as if this were a work of fiction, the idea that the chairman of the potential catalyst of the next major financial crisis shares his name with Lehman Brothers, the financial institution that was the first bank to be declared bankrupt in 2008, would be considered vulgar, improbable and incredible.

So, what would be a good action plan if another financial crisis hits tomorrow and global governments cannot supply the necessary capital required to keep fiat currencies healthy for another election term?

Let’s look at the four simple steps you would need to take to ensure you keep your wealth if the £, $ or other currency suddenly collapsed and how you could make your money bulletproof.