I don't really. But financial people are saying bad things will be happening to the debt based banking system very soon and we'd be lucky if we last until January with the way it is. I think wisdom says to start preparing for other ways to conduct expenses, and I'm just trying to elicit some ideas. Thanks anyway.
If you can swing it, buy some silver. Mearly as a hedge; a storage of money that is not based on the debt based fiat money. Even if it sits in a safe in your basement for the next 20 years you won't lose your shirt.
My thinking is when we transition back to gold backed currency the value of silver will increase substantially as today it is highly manipulated.
cash is still good tho (funds in bank). you'll need to use a bulk of it to pay your mortgage and other necessary finances so even if hyper inflation happens you'll still be able to pay those bills with the same dilluted dollars.
i would just make sure to split up to two diff banks at least.
Local banks are probably a better bet than the big national ones. I personally would prefer to be banking with someone that lives in my community vs a stuffed shirt handing down rules from several states away
Don't buy in to the fear mongering. Hold the line.
I don't really. But financial people are saying bad things will be happening to the debt based banking system very soon and we'd be lucky if we last until January with the way it is. I think wisdom says to start preparing for other ways to conduct expenses, and I'm just trying to elicit some ideas. Thanks anyway.
If you can swing it, buy some silver. Mearly as a hedge; a storage of money that is not based on the debt based fiat money. Even if it sits in a safe in your basement for the next 20 years you won't lose your shirt.
My thinking is when we transition back to gold backed currency the value of silver will increase substantially as today it is highly manipulated.
cash is still good tho (funds in bank). you'll need to use a bulk of it to pay your mortgage and other necessary finances so even if hyper inflation happens you'll still be able to pay those bills with the same dilluted dollars.
i would just make sure to split up to two diff banks at least.
Local banks are probably a better bet than the big national ones. I personally would prefer to be banking with someone that lives in my community vs a stuffed shirt handing down rules from several states away