Summary: Last week, Paolo Savona, an Italian man no one outside the country had ever heard of, was denied the position of finance minister.<br> <br> Italy’s President denied his appointment because Savona is anti-euro. The President believes Italy should remain part of the euro.<br> <br> I wrote a Notes about the entire situation last week.<br> <br> But the point I discuss in today’s podcast is that this situation should not have been a major deal… but it wreaked havoc across global markets. Even some of the world’s safest assets sold off.<br> <br> So if this turmoil in Italy can cause such chaos, what will happen when there’s a MAJOR crisis?<br> <br> How should you prepare?<br> <br> The event that will end this 10-year bull market will catch almost everybody by surprise. That’s the nature of the beast.<br> <br> So you must take time now, while you’re still thinking clearly, to come up with a game plan of how you’ll handle the next downturn. Because when the event comes, and stocks crater, it will already be too late… emotions will take over.<br> <br> On the podcast, I discuss the types of questions you should be asking yourself and the decisions you should be making today.<br> <br> I also share some of my experiences from my recent travels to Australia, the Philippines and Bangkok.<br> <br> You can tune in here.
