Posted on 02/27/2009 7:14:30 PM PST by quesney
Hubby and I saw this Socialism coming years ago!!!
Paid off all our debts including all mortgages,Credit Cards,moved to the country,Bought guns ammo,gold,silver,art,took special care to employ our family in our business,cut back on spending,researched the local banks until we found a couple sound ones,with limited or no exposure to the mortgage crisis and split our money between them,and just are hunkering down to ride this out. And laughing at the fools who think Obama will save them.
The idea of our family physically relocating to Canada has crossed our minds. Opening a Canadian bank account may be a good idea.
I have a running joke with my coworkers where I recommend investing in lead rather than gold. It's actually a good way of ferreting out libs, since libs never get the joke.
All kidding aside, the last thing we need is a panic, and tucking our nest eggs underneath a Canadian mattress seems a bit panicky to me. We're not in a depression yet, but if we don't hold our water and ride this thing out, we sure as hell will be.
Yes, all our 401Ks smell pretty bad right now. But the fact of the matter is nobody raised an eyebrow when real estate prices and 401Ks were over the top 5 years ago. Remember your history people. In the late 1920s, blind exuberance followed by panic equaled depression. We're ripe to repeat those mistakes, especially when you consider that the new "New Deal" has been rolled out even before the first stock broker has hit the Wall Street pavement.
Under normal circumstances, the current market wouldn't be a very big deal, but the fact that it is being used by this administration to cut the throat of capitalism is a very big deal.
My point is this: Right now, we had better worry more about the state of our republic than the state of our 401Ks. This crisis, manufactured or not, is being used to transform our nation into a socialist state. If we allow ourselves to be distracted, and this coup (yes it is a coup) succeeds, then our 401Ks won't be worth a damn anyway, and we will go down in history as the generation who let America slip away.
Yikes, sorry 'bout the rant, but I guess I needed to vent!
I believe your guns are allowed in if they are registered, you have proof of the registration, and only certain guns qualify. Better than nothing.
Eva, we have friends who visit Vancouver frequently. They say the Canadian border guards don’t even ask for their passports, but the American guards are a pain in the butt on the way back into the country.
If I were younger I would move. But that’s not practical now. There is no reason we have to follow this absurd stampede to national bankruptcy.
Would you prefer it was the other way around? Not me!
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I saw some liberal Congressman on Fox talking about this last week. It appears to be alive and well in the Congressional conversation mill.
(Sorry, don't know the name of the Congressman, but I think it was on Shepherd Smith's show.)
The precious metals are great, in addition to shorting the stock indexes.
“They won’t let you across the border with guns.”
I don’t think they will complain long!
Guess all is well unless your SS is part of the cash move.
________
Yep.
There is no way in Dec. 2004 I saw this coming. I will say my gold hedged against my stock loss. I’m about even.
“Taken a bit further, if a global economic system were to be unified along the lines of universal electronic credits, then even gold could be done away with and made valueless since no other economy could receive gold as a way of protecting wealth and liquid assets.”
That has been my concern as well.
This could get scary. If things got that bad, the sitting potus could use National Security Presidential Directive 51 that Bush enacted. I get really nervous with someone like ObAmBi in office that he would use it.
” Why is it always - “run away, run away!”?
I’m not giving away the US and that includes the coasts. How much blood it takes is up to the left.”
I like how you think! I am with you, so thankful that I am not alone.
Here, here. Stand and fight....
“My point is this: Right now, we had better worry more about the state of our republic than the state of our 401Ks. This crisis, manufactured or not, is being used to transform our nation into a socialist state. If we allow ourselves to be distracted, and this coup (yes it is a coup) succeeds, then our 401Ks won’t be worth a damn anyway, and we will go down in history as the generation who let America slip away.”
Absolutely right!
I’m not very savvy about money, the various ideas on this thread are quite astonishing to me...as well as a bit confusing. One year ago I pulled all my money out of the stock market. Not that I’m rich or anything, but it’s my nest egg. Stuck all in Bank CD’s, as that seemed safest for time being. Now I’ve watched the decrease in interest rates to the point where it’s hardly worth keeping in the bank. The old “under the mattress” strategy is starting to seem the safest thing, in a fireproof lock box. At least then I can get my hands on it fast if necessary!
First of all, keep in mind that no matter how bad things get, Mugabe is still in charge of Zimbabwe. Governments just won’t die on their own. There was no Weimar Revolution in Germany.
That being said, prepare first for the idea that a societal meltdown won’t happen. Good job/business, education, strong family ties, no debt, positive savings, etc.
Get into cash. Sell whatever you can. Drop your asking price to sell fast. And renting is better than owning during deflationary downturn panics.
With the basics covered, you need to be prepared for a short-term emergency like all banks being closed for an extended period of time. Do you have enough cash on hand if your ATM card won’t work for a month?
At the next level, can you survive inside your home without going to a public/government food/shelter depot if a hurricane/tornado/tsunami/volcano/avalanche/earthquake or other natural event renders all stores closed for a month?
You’ve got your meds? Water? Safe canned food (#10 cans keep food fresh for 25 years). A certain way to start a fire, even in the rain? Winter clothes?
Do you have a 72-hour “bug-out” bag to grab and run if a wildfire or medium-sized meteor puts your home in an unsafe region? Or a plague (e.g. terrorist infection in your area).
Does each member of your distributed family know how to call you if cell lines are working, and know where to meet up if they aren’t?
Do you have basic first aid available (painkillers, asprin, hydrogen peroxide, bandages) and know where to find a doctor/hospital?
Surviving for longer periods of time is an order of magnitude more difficult than preparing for any of the above...and most people won’t come close to having the water or cash handy to handle even expected outages of the comforts of civilization (e.g. sanitary).
A few tips if you are in a longer-term survival situation:
#1: avoid all contact, especially violent, with military and paramilitary groups. You won’t have the firepower of a Destroyer or B-2 bomber, and you won’t have acces to their level of medical care. You want to survive. This is not about starting or winning a war.
#2: stay put if you can. Once you leave you will become a forager, and that’s a very difficult way to survive.
#3: if you have to leave (e.g. to avoid contact with paramilitaries), then leave. F’in go! A stocked sailboat would be nice at that point. Go fishing. Come back when the crisis is over.
#4: announcements on loudspeakers, radio, TV, posters, and handouts, are not to be believed. But they’ll be out there.
This is important because in a desperate situation various bad actors will have incentive to tell you what you *want* to hear in order to manipulate your behavior.
Also, weapons, dogs, and body armor are great things...but they aren’t going to help you against paramilitaries and they won’t sanitize your hands before eating or after septic disposal.
Likewise, while a gun is nice (and better to have one than not), shooting a deer in a nation that is starving will bring *large* numbers of people toward what they hope will be a deer kill. Drawing attention to yourself by firing a weapon or turning on lights at night...perhaps even a campfire, may be contrary to improving your survival odds. This might be a great time to have a simple slingshot for squirrel hunting. Very quiet.
Now, just remember that the worst is unlikely to happen. Being prepared for the plethora of catastrophies that are possible is difficult. Moreover, you don’t want to scare yourself silly *or* become so invested in the mental idea of a crash/disaster that you begin *wishing* for it.
It’s unlikely to happen. Many a 1980’s “Reagan nuclear war” survivalist wound up disappointed. So too did the Y2K nuts (e.e. World Nut Daily).
What’s more likely is higher unemployment, limited riots/arson attacks near colleges and ghettos, and some inconvenient bank failures that tie up some access to capital.
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