Surviving the Past and the Future

"Those who don't study history are doomed to repeat it!" This is an old saying that comes from studying historical facts.

If I were to give you a historical perspective on world events the most comparable time to now is 1929. Though the problems on earth then were different in some ways, in some ways it is like the same thing only in slow motion. Because of all the government policies in place since the Stock Market Crash of 1929 that brought on the Great Depression the world now is moving towards similar ends very very slowly. Movie programs like I.O.U.S.A. that was a media event demonstrate that unless Americans save money like they used to the whole country could collapse, as nations that don't prepare for the future by saving money historically don't survive.

I was watching a contrived new event online. In this study a family for one month put away their 9 credit cards and paid cash only for things like gas, food, clothes, incidentals. By doing this they saved 24% that month and eventually found that only gas was useful to charge among food, clothes and incidentals. By continuing to pay cash for everything else they could save 24% per month ongoing. If they put this money in savings in a safe bank like Wells Fargo which is considered by many the safest bank in the U.S. at present(there are 90 banks that could fail at any time) and by keeping no more than 100,000 dollars in any banking system (FDIC) insured account, people might just survive these awful times in the U.S. and the world. And if they are really knowledgeable about stocks and other securities, if they save more than $3000, then putting these funds into long term Blue Chip stocks and securities might be good to as long as they study daily or weekly how those stocks are doing.