If You Can't Touch It, You Don't Own It

Here is an issue which most Americans know little about (and care even less):

The pending Brexit has, not surprisingly, caused a shakeup in the investment world, particularly in the UK. Of particular note is that, recently, asset management firms in Britain began refusing their clients the right to cash out of their mutual funds. Of the £35 billion invested in such funds, just under £20 billion has been affected. The lesson to take away here is that, if you can’t touch it, you don’t own it. Banks and fund management firms can freeze your wealth, so that you can’t access it.

Governments and banks can confiscate your wealth. If you don’t have the power to put your hands on your wealth on demand, you don’t own it.

You can read the details @
http://www.internationalman.com/articles/if-you-cant-touch-it-you-dont-own-it

Our turn may come. Most of our "investments" are just a piece of paper, an intangible computer file, or a promise to pay. When the shit hits the fan, all of these will be worth nothing. We're embedded in a system which has us by the balls, and there is little we can do about it.

Try to imagine how you could survive with just the possessions you now have in your dwelling. Don't think you can? Then you'd better make some changes.