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Question: Why has the subject of finances and economics become important, I thought the teachings and money were separate?
Answer: finances and money are an integral part of Ancient Egyptian culture as an instrument for promoting Maat in the form of the well-being of the 'hekat'. The hekat are the people and the "Heka" in the Pharaoh. The Pharaoh was like a shepherd leading a flock and moneys were controlled righteously to promote the welfare of the people. In that tradition we have applied the philosophy of maatian economics to promote the well-being of those who are officially part of the Temple as well as those who may read the books so they may avoid trouble as much as possible and have better capacity to practice the teachings. Therefore, we are only fulfilling the duty of transmitting wisdom to promote righteousness, truth and well-being for all.
Question: I am not familiar with investments, currencies, stocks, etc. How does one protect oneself from the economic crisis?
Answer:
You should find out all you can about the crisis and also consult books on the subject and if possible speak to people who know and work in this area. We do not give financial advice for specific investments but general advice that can set you on the path to understanding what needs to be done. You must decide on the course of action that is best for you as an individual. If you decide to join an investment club you can learn with others and research collectively the best strategies to safeguard your finances.
Firstly, you should not put all your funds in one place: diversification is the key to safety and survivability- Optimally, the best course is to keep moneys in different currencies, different countries and different forms (currency, metals, stocks, bonds of countries with sound finances). The real estate you live in may be held in ownership status but due to current conditions, the better form might be sell it and then rent and take the money out to put in safe places before the further real estate deflation occurs. Later, when conditions normalize, a purchase could be considered. Many people who can no longer sell are taking other action like taking out home equity loans and then taking the money and putting it away safely--the income they get from the investment they use to pay the mortgage and still have surplus because the investment pays higher interest. This action requires thought and research.
There are a few forms of investment that are useful at this time: precious metals (gold and silver primarily), foreign currency, foreign stocks (in non-discretionary businesses-like utilities, medical, food, etc. -always attempting to invest in companies that are responsible to the environment and the community). It is easy to open a stock broker account to purchase foreign currency and stocks and electronic gold. Also, another method is -you can easily set up a foreign account to own gold and silver and have it stored offshore in a different country like Australia or England/Switzerland. It is prudent to keep a few coins hidden at home along with some cash-enough to last for 2 months of expenses (if there is no exchange for coins then it is not useful to keep them in hand -the forms mentioned above allow easy exchange for cash). It takes more effort but is also prudent (if there are substantial funds to save) to have the funds in completely foreign accounts in other countries so that there is no opportunity for it to be confiscated or otherwise disturbed by a corrupt banking system or chaotic or government. The investments such as foreign stocks -that keep the money in foreign currency also produce income which will be worth more in terms of dollars -if the dollar collapses. Read the books for more details.
Question: What to do about 401k and IRA?
Answer: on this question about 401k you should check these information sources:
http://www.mcalvany.com/podcast/?p=52
http://www.mcalvany.com/articles-03.php
and
http://webcast.streamlogics.com/customer/weiss-group/eventid_93834649.html
Question: How to buy gold?
Answer: click here
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