0083 - Principles of Preparedness
Mike Force Podcast
Mike Glover
4.9 • 2.4K Ratings
🗓️ 2 September 2022
⏱️ 36 minutes
🧾️ Download transcript
Summary
On this episode of the Mike Force Podcast, Mike goes in to the principles of preparedness -- the theoretical foundations you need to consider when preparing to thrive in difficult times. Mike talks about learning how to barter, developing situational awareness, wise investments to make when facing an uncertain economy, and more on today's episode.
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Transcript
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| 0:00.0 | Hey, what's going on guys welcome back to the Mike force podcast. It is your host. Of course, |
| 0:18.6 | Mr. Mike G. Let's talk about a few things. One, the economy. I've been talking about the economy |
| 0:25.1 | on American contingency on other channels about the state of affairs that we're in. It's not, |
| 0:32.0 | it's not looking good. I mean, we're in a conundrum, a very down cycle. The markets are being |
| 0:38.9 | affected. It's not good today. In fact, let me check the current markets. Most markets are down |
| 0:46.8 | across the board and that is likely going to be the case for an indefinite period of time. One of |
| 0:51.3 | the things that are concerning that I saw recently is we have forgiven the debts or we're going to |
| 0:57.7 | forgive the debts of millions of Americans in the range of $10 to $20,000 for their student loans, |
| 1:04.2 | which is a $50 billion cycle that puts us into debt even more as we're $71 trillion in debt. |
| 1:14.8 | How are we going to pay for this? No one knows. |
| 1:17.0 | There actually hasn't been a response from the White House on how we're going to pay for this. |
| 1:23.1 | $40 billion for Ukraine, $50 billion in student loans and student debt, |
| 1:29.2 | like we're spending more when we need to be spending less. It puts a lot of Americans in an |
| 1:35.7 | uneasy situation, especially if they don't have resilience or variation. Let's call it variation |
| 1:41.6 | built into their portfolios. Let me give you an example of what I mean by variation. Some of the |
| 1:47.6 | things I started doing recently on social media is the concept of bartering. I did a few deployments |
| 1:55.5 | in Northern Africa on the Mediterranean that is known for the trade and the merchant trade area |
| 2:03.0 | of bartering and negotiating. That's how they evolved. They're a merchant culture. I actually went |
| 2:10.2 | to a conference with the State Department once where we're talking about a getting rid of corruption |
| 2:16.2 | in Libya to evolve commerce, evolve business. Corruption is part of their whole entire culture. |
| 2:24.4 | The corruption that we think about isn't the corruption that they actually follow through with. |
| 2:28.8 | Sometimes it's a lot more reckless than that, but it's negotiating through deals, paying people off. |
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