Given the unpredictability of financial collapse timing, the most logical approach is as follows:
• Assume a gradual economic recession is inevitable, while a sudden collapse is highly probable.
• Prepare for:
• Being able to withstand a gradual economic recession.
• Having the opportunity to become wealthy in the event of a sudden collapse or market reset.
This essentially means:
• Reducing reliance on long-term fiat currency investments (e.g., bonds, fixed pensions denominated in volatile currencies).
• Focusing more on stable, scarce, and non-dependent assets (e.g., Bitcoin, certain metals, productive physical assets, skills, businesses).
• Maintaining sufficient liquidity to cope with market volatility and avoid being forced to sell valuable assets at market lows.