Posted on 12/07/2013 4:42:39 PM PST by SteelToe
I was looking at RosenKranz, I wasn’t familiar with Turely, and didn’t realize he was a liberal.
“Cash will be king!”
“Only until the dollar collapses.”
NYTexan is a prepper so he has “things” as well as cash.
If the dollar collapses, the definition of “rich” will change and the possession of goods, such as water, food, other ways to accomplish some better standard of living, will become the new definition of “rich”. If you have one cup of water and another person has none but has a house he would give you if he could have that cup of water, who is rich in that situation?
Precious Metals in a Roth IRA is best. 401Ks never offer precious metals. When the dollar collapses, you investment goes up tax free. The only thing you have to worry about is confiscation. Avoid Gold.
Cash? King? Really?
ping
TY!
When the ATM’s no longer function and your CC can no longer be processed...what will you have to get what you need?
I should have qualified my statement "with a really quiet muffler!" LOL ;)
i am on my fifth season and just now yielding some vegetables.
and i live in fla. down here i do better in winter.
this guy has it partially right...
little known fact is that the stock market crash of 29 did not signal the start of the great depression.. as a matter of fact, within several months the market had regained over 2/3 of the losses it had incurred..
what caused it was government monitary policies and the trade war that resulted from punitive tariff’s imposed by a fed that had started a “buy only american” policy..
also, the sudden and excessive tightening of the monetary supply resulted in the banks closing (they did not have enough physical dollars on hand to pay to depositors)..
i do not care about qe 4,5 or even 6...
i am watching for the contraction, and gauging it’s speed and severity...
THAT will be when we start to get into trouble..
very true..
what most here do not realize is that bernanke is a student of the great depression..
fubo has the hoover/roosevelt playbook and is running it step by step..
the only thing standing in his way is bernanke. He just will not play ball.
i said years ago to watch for fubo’s administration to start calling for bernanke’s head...
that will be the signal..
and he already has done that
actually you have a wonderful tool...
the crash of 07-08.
look for blue chip funds that weathered this downturn with less than 25% losses, and check for the speed of their recovery afterwards...
when i choose a fund i use the 10-10 theory..
10 years of existence, 10% lifetime return...
you will take a hit if the shtf, but you will fare better than most and recover quicker..
What could possibly go wrong?
It is different this time!!!
“i am on my fifth season and just now yielding some vegetables.”
It took you five years of trying to produce food. I wish we could get this across to people who are buying a “survival” package consisting of a bunch of seeds and pitching it in the freezer to keep for a collapse. They haven’t grown any food and plan to drop these seeds in a hole and get food.
Well, I planted seeds in ground dirt and squirrels and birds ate all the seeds. I now have a grow light on a stand and start my seeds inside the house - there aren’t any squirrels and birds in my house so I get plants.
LOL!
I’ve been thinking about this and I am thinking a good stable powersupply and some of the new 3-D printers maybe just the ticket. You can make a lot of stuff, especial spare parts. There are any number of things you could make for barter.
Preppers’ PING!! To post #76 this thread.
I am really been look into this. I have been making plans to build a small renewable stable electric power source for sometime. In fact I plan to pull the trigger on the major components right after the holidays.
In a collapse people are going to have to use what they have that means no more throwing something away because its broken. I see a real potential for barter with these 3-D printers.
I have it on good authority that we're now too big to fail.
The only thing that might save us is that the administration may be as prepared for a coup, if that is the right term, as they were for the implementation of zerocare. One can always hope for that!
Good advice.
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