You are absolutely, unequivably, 100% right. And I am very sorry if I am front running your part 2, but people seem to generally think that there is no way out, that they cannot escape the sinking ship. This is not true. There are things you can do. An exhaustive list would warrant an article of myself (maybe I will) but here are some co…
You are absolutely, unequivably, 100% right. And I am very sorry if I am front running your part 2, but people seem to generally think that there is no way out, that they cannot escape the sinking ship. This is not true. There are things you can do. An exhaustive list would warrant an article of myself (maybe I will) but here are some core things you can implement:
1. GET OUT OF DEBT. All of it. Make it your life's priority. Because the debt is exactly what makes them have a hold on you, what makes you their slave. Take a second or third shift, or a second or third job. Don't go drinking on a friday night, put your beer budget in your creditcard debt. Get rid of it, any way you can. I did it. So can you.
2. GET YOUR WEALTH OUT OF THEIR SYSTEM. For must people this means 2 things, either procuring physical gold or silver and holding it in your hand, or getting your hands on some crypto's. The way things are going, very soon you will simply not have the opportunity to buy physical gold or silver, because it will not be there to purchase anymore. It will all be gone (and can be found in, amongst others, my safe). The only alternative will be crypto currency. And they may be able to outlaw it, but simply because you are participating in it, you strengthen the crypto system. And if there's one thing they can not do, is break the crypto networks. Take the time you have left to do the research if you're not comfortable with the idea of crypto currencies yet. Worried about your privacy? Start with Monero.
3. GET YOUR HANDS ON FOOD WITH A LONG SHELF LIFE. Personally, I'm into 20 pound bags of rice at the moment. Stored dark, cool and dry my friends. I can use it to barter for fresh ingredients, or I can eat it myself and not go hungry. After I purchase my rice and cans of food, prices can soar for all I care, I will still have a full belly when push comes to shove. How much are you willing to bet that the people who are laughing in my face now, will be standing at my front door begging for a baggie of rice when the shops are empty? Two weeks of interrupted supply chain is all it will take.
Agree with 2 and 3 absolutely, though I'll have much more on 2. on Monday. On the first one there are two ways of looking at it.
A. Debt matters only if you're a prisoner of their state- have citizenship and consent to be governed. This is why the rich have many passports. One who cannot be located cannot be owned or controlled, and can't be a debt slave. It's why they pay zero taxes.
B. Debt is an illusion and you can use it to your advantage the way rich people do. Leverage as much debt as possible into assets you know will have value when the system collapses, that are beyond the reach of the state-see your above comment on Monero. Some people might call this theft, but that's because they're conditioned to trust a system that exploits them daily. When the system collapses only a debt slave would even consent to participating in their new one. If you've made a parachute from their old one, and taken it to the new black markets that arise, you've gamed the game.
All of the things that I mostly learned about over the past three years after going down the rabbit hole. You explain exactly why I want to have multiple passports and citizenships. Working on building income generating assets right now.
They could in theory keep the illusion of a non-collapse a reality forever even if everything collapsed. It's all an illusion anyway. Ones and zeros on computers completely divorced from free market economics. It would require turning everything into a centralized soviet-esque hell hole, and in many ways the US is already well on the way. If they arrest Trump next week that would only confirm it.
I meant with regard to debt. I get that everything's an illusion, but I get nervous about the whole "it's all coming down anyways, so you might as well grab what you can now" mentality. It reminds me of Y2K. The world is pretty good at not ending. I think we should try to prepare for both possible scenarios.
I agree, but I'm taking a different approach. I'm focusing on food, water, livestock, electricity, bullets, and other tangible items -- things that have intrinsic, practical value.
If I have, say, 60-80k available on a secured line of credit, should I be using that to purchase, say gold and silver? Essentially taking on debt to pull something valuable for the future?
Not financial advice. If you can take a risk, service the debt, time the collapse and xx% rise of gold and silver then you've gamed their game. A lot of ifs and risks. Worst case is some lost interest payments and forced sale of metals at market to pay down debt. Could also end up somewhere in the middle, with Gold at 4k and you can sell half to pay off credit.
I bought some gold and silver coins from a grizzled old dealer in rural FL last year, and had a chance to chat with him.
He clearly was a "survivalist", even had the revolver strapped on his hip, and no doubt an arsenal behind the showcase. When I think "assisted suicide", I think about aiming a pea-shooter at this alpha.
I was buying 1oz. coins. He asked why and I told him for when TSHTF. He made a wise statement: "When that day comes, you'll have a hard time getting change for an oz. Think about 1/10th ozs., and think about some silver coins. They will have faster exchange possibilities." Made total sense.
So I bought a bunch of both, a little more expensive but I hear what he was saying...although those 1oz. Liberties sure are purty.
You are absolutely, unequivably, 100% right. And I am very sorry if I am front running your part 2, but people seem to generally think that there is no way out, that they cannot escape the sinking ship. This is not true. There are things you can do. An exhaustive list would warrant an article of myself (maybe I will) but here are some core things you can implement:
1. GET OUT OF DEBT. All of it. Make it your life's priority. Because the debt is exactly what makes them have a hold on you, what makes you their slave. Take a second or third shift, or a second or third job. Don't go drinking on a friday night, put your beer budget in your creditcard debt. Get rid of it, any way you can. I did it. So can you.
2. GET YOUR WEALTH OUT OF THEIR SYSTEM. For must people this means 2 things, either procuring physical gold or silver and holding it in your hand, or getting your hands on some crypto's. The way things are going, very soon you will simply not have the opportunity to buy physical gold or silver, because it will not be there to purchase anymore. It will all be gone (and can be found in, amongst others, my safe). The only alternative will be crypto currency. And they may be able to outlaw it, but simply because you are participating in it, you strengthen the crypto system. And if there's one thing they can not do, is break the crypto networks. Take the time you have left to do the research if you're not comfortable with the idea of crypto currencies yet. Worried about your privacy? Start with Monero.
3. GET YOUR HANDS ON FOOD WITH A LONG SHELF LIFE. Personally, I'm into 20 pound bags of rice at the moment. Stored dark, cool and dry my friends. I can use it to barter for fresh ingredients, or I can eat it myself and not go hungry. After I purchase my rice and cans of food, prices can soar for all I care, I will still have a full belly when push comes to shove. How much are you willing to bet that the people who are laughing in my face now, will be standing at my front door begging for a baggie of rice when the shops are empty? Two weeks of interrupted supply chain is all it will take.
WE ARE THE MAQUISARDS
Agree with 2 and 3 absolutely, though I'll have much more on 2. on Monday. On the first one there are two ways of looking at it.
A. Debt matters only if you're a prisoner of their state- have citizenship and consent to be governed. This is why the rich have many passports. One who cannot be located cannot be owned or controlled, and can't be a debt slave. It's why they pay zero taxes.
B. Debt is an illusion and you can use it to your advantage the way rich people do. Leverage as much debt as possible into assets you know will have value when the system collapses, that are beyond the reach of the state-see your above comment on Monero. Some people might call this theft, but that's because they're conditioned to trust a system that exploits them daily. When the system collapses only a debt slave would even consent to participating in their new one. If you've made a parachute from their old one, and taken it to the new black markets that arise, you've gamed the game.
All of the things that I mostly learned about over the past three years after going down the rabbit hole. You explain exactly why I want to have multiple passports and citizenships. Working on building income generating assets right now.
What happens if things don't collapse?
They could in theory keep the illusion of a non-collapse a reality forever even if everything collapsed. It's all an illusion anyway. Ones and zeros on computers completely divorced from free market economics. It would require turning everything into a centralized soviet-esque hell hole, and in many ways the US is already well on the way. If they arrest Trump next week that would only confirm it.
I meant with regard to debt. I get that everything's an illusion, but I get nervous about the whole "it's all coming down anyways, so you might as well grab what you can now" mentality. It reminds me of Y2K. The world is pretty good at not ending. I think we should try to prepare for both possible scenarios.
I'm focusing on passports and incoming generating assets. Those will be great to have either way.
I'm not too into the speculation side of if/when it happens. It is good to prepare for though if you think it's a possibility.
I agree, but I'm taking a different approach. I'm focusing on food, water, livestock, electricity, bullets, and other tangible items -- things that have intrinsic, practical value.
Ok. So here’s a question:
If I have, say, 60-80k available on a secured line of credit, should I be using that to purchase, say gold and silver? Essentially taking on debt to pull something valuable for the future?
Not financial advice. If you can take a risk, service the debt, time the collapse and xx% rise of gold and silver then you've gamed their game. A lot of ifs and risks. Worst case is some lost interest payments and forced sale of metals at market to pay down debt. Could also end up somewhere in the middle, with Gold at 4k and you can sell half to pay off credit.
I bought some gold and silver coins from a grizzled old dealer in rural FL last year, and had a chance to chat with him.
He clearly was a "survivalist", even had the revolver strapped on his hip, and no doubt an arsenal behind the showcase. When I think "assisted suicide", I think about aiming a pea-shooter at this alpha.
I was buying 1oz. coins. He asked why and I told him for when TSHTF. He made a wise statement: "When that day comes, you'll have a hard time getting change for an oz. Think about 1/10th ozs., and think about some silver coins. They will have faster exchange possibilities." Made total sense.
So I bought a bunch of both, a little more expensive but I hear what he was saying...although those 1oz. Liberties sure are purty.
My thoughts exactly. Thank you for you articles and examination and analysis of current happenings. Greatly appreciated for all you do.
Beans & Bullets & Gold & Silver. Also: Bacon, js