Chris from Phoenix is worried about “huge civil unrest” resulting from a collapsed dollar — and he doesn’t think President Donald Trump or billionaire Elon Musk can fix the situation.
The dad of two young daughters called into The Ramsey Show and asked co-hosts George Kamel and Dr. John Delony for their thoughts on how to prepare for a “societal collapse.”
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Chris says he’s worried about the growing national debt and that he imagines “in several decades it being unmanageable and perhaps collapsing the dollar.”
Even if Trump and Musk could fix the situation, he doesn’t think it could be “sustained long enough to where you wouldn’t cause huge civil unrest.”
“Do you all personally own any physical precious metals, gems, have visas or even ammunition for the purpose of protecting against societal collapse?” Chris asked during a recent episode of The Ramsey Show.
Dr. John Delony describes himself as a fellow worrier who’s also concerned about the ballooning national debt, but he doesn’t have any jewels hidden in his backyard (though he does have a deep freezer with about a year’s-worth of meat in it).
Delony also urged Chris to ground himself in the present, because “if you’ve confirmed in your mind” that a tragedy is coming your way in the future, “your body responds as though it’s happening right now,” said Delony. And that takes you away from being in the moment. And this isn’t necessarily helpful.
So what can worriers like Chris do to prepare for the unknowable — and live more in the moment?
Before getting into precious metals (or bullets), Delony suggests going back to basics. For example, before getting into bio-hacks to improve your longevity, you’ll want to master the basics first — like exercising and eating right.
The same goes for finances. “Do I owe anybody any money?” Delony said. Is his family “actually free?”
Going back to basics means being financially “free.” That’s where good financial habits can help: building up an emergency fund, paying off debts (starting with high-interest debts, like credit card debt and loans) and investing in a diversified portfolio.
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