Your 401k,403b, Roth, and whatever is in their hands. Start transitioning it to being in your control. A bird in hand is worth 2 in the bush.
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build your stockpile slowly - do NOT run up more debt. In fact I would suggest two additions to the general list above beginning with paying off debt - EVERY debt, including large loans like house. The second issue is building skills. "Stuff" won't do you any good if you don't know how to use it. This is an investment of time both to learn and to practice/maintain skills.
I almost have to disagree. With the complete collapse of the system, are you really worried about getting drug into court for some debts? The courts will collapse with the rest of the system. Do you think people are going to pay back the same crooks who caused the chaos?
Exactly. We should really do the opposite. Buy as much supplies as we can, on credit cards. When Trump comes back, it will all be wiped out. Now, that may take a while, so prepare for that, too.
Ah, yes, the great argument of morals and obligations. Right up there with those who decline to stock anything but guns and are determined to just take whatever they need/ want. I disagree with your premise for several reasons.
First, you have a moral, as well as legal, obligation to pay your debts. Scheming to default is conspiracy to commit a crime. I do not find that to be acceptable
Second, are you so all seeing that you know when this economic collapse will occur? At what point in a decline will you decide that "this" constitutes collapse and you will feel free to abrogate your obligations and responsibilities? So you are advocating that we take on crushing debt with no intent to pay it off in hopes that the collapse will happen really, really soon to save you.
Collapse does not mean WROL. And if it does, the law will return with stability. Debts will be paid, crimes (like wanton murder) will be tried, and a functioning socio-political environment will be built. Unless you believe that "collapse' means "Mad Max" in perpetuity.
Paying off your debts is true freedom. With the money no longer used to pay your enslavers, you can do anything and go anywhere. I have worked for many many years to pay off my debts and am now debt free except for a credit card that I pay off monthly. It is not easy, but we prepare in order to secure and ensure our freedom.
Notice I said, "I almost disagree...." I pay my bills like everyone else, but when the dollar becomes worth nothing...then it's anyone's guess.
Also, I must disagree again. I have no moral obligation to pay people who loan me money out of thin air. The whole premise doesn't even make sense. It's literally numbers on a screen, not my hard earned labour.
Great points, I own a house abroad, but rent now i'm back in the states. Reading up on gardening and stuff. My wife is from the Philippines and I lived in the countryside for 1 year and 2 years in a city. Labor is cheap there and the poor folks are amazing at finding plants they can eat, also a fruit tree or several at every house.
What would be the pitfalls of having unsecured debt like CC, seems like almost everyone will be in default. If you have material goods you bought with the CC.
I suppose, at some point they may try to come take the stuff purchased with the card... Good luck, with that.
Yeah, playing it by ear for now. My score is over 800
Here are some thoughts on gear - don't get caught up with Gucci snobs
https://vs-training.com/2023/02/10/gear-snobbery-and-the-principle-of-diminishing-returns/
VERY Good article on this...But I have a caveat...And that is: I bought off the shelf components that would work with my AR-308/7/62. I had a "custom gas block" built so that it would heat at the same temperature as the barrel. If the barrel gets how it will show up quicker rather than later with aluminum...hotter the barrel gets the gas block expands...also, OTS gas black DO NOT have the screws needed to keep the damn thing on. This custom gas block IS PINNED...
AND then I learned to reload, match the load to the barrel and figured out the "OPTIMAL" CHARGE for the rounds for that barrel. Since I bought two barrels of the SAME TYPE...I don't foresee my change change when switching.
Recoil spring I use is a "CAPTURED" spring with 2 pistons between a VERY STOUT SPRING that can take up to 1,000,000,000 cycles and NOT FAIL OR NEEDING REPLACEMENT.
AND EVERYTHING COST LESS THANT 2000.00 W/SCOPE...for scoping I bought a Hensholdt 3-12x56 SSG-P.
It is done right/has the capabilities for long range AND short range and don't have to worry about getting ammo...
Thank you for your story. I'm intrigued by the spring/piston element.
The firearm argument offered needs to be generalized. For people with the means to do so, high end stuff is great. But for the rest of us, the lowest price equipment that meets all functional requirements is good enough, without any name tag bias. For cold weather as an example, we don't need equipment from the most high end suppliers for expedition grade clothing , tents and sleeping bags.
Many people are put off from prepping because of the cost. Certainly there is a cost, but a person can do an awful lot to build self reliance with a limited budget.
Totally agree...BUT I couldn't build that rifle today if my life depended on it. ALL of the parts are NOW through the rough.
The website is jprifles.com and the captured springs can be found here: https://www.jprifles.com/1.4.7.2_os.php
NOTE: I did everything when Obama was president and then when PDJT became Prez I finished everything off...Obama drove up the prices but I still bought powder/bullets/primers first and then built the rifle during President Trumps tenure...
Hope that answers your question(s) and IF not, drop me a line and I will answer it...
30 yrs RET Military...Have been ALL over the world for this GREAT COUNTRY and I do miss it...God Bless...
Salute to a uniformed brother!
AATW!
Hand Salute back at ya', Brother!!!
I laugh at all the people who say to buy gold before the economy collapses.
No. Buy food and ammo.
Bought all the ammo,and guns I'll need 20+ years ago when it was dirt cheep.
I laugh at people who buy it now.
Now I stack shiny metal.
I got powder that is still good when OBUMMER WAS PRESIDENT INCLUDING PRIMERS...
Yes it last damn near forever if kept dry. I have primer and powder from the 70s a friend gave to me that are still good.
I have a friend who is an expat in Nicaragua and he ordered some silver to be delivered at my house then picked it up on his next visit to the US (Circa 2015). We were talking about if a major collapse of the world economy happened and he told me to buy gold and or silver. He also told me the Nicaraguans would survive much better than Americans because they know how to farm etc... I told him, you can't eat gold or silver, and that the marauders would head to Nicaragua with guns to take their food.
That said, I stocked up some food, and bought a gun. I have a small amount of gold as well. My plan is to stock up more on all 3. But yeah, gold is used for jewellery, electronics, and dental, none of which will be practical if we go Mad Max..
Wood is a good source for cooking and in the Philippines most of the poor people burn that for cooking. Palm fronds are excellent as they don't smoke much, but they burn up fast. A couple of acres of cocoanut trees can provide enough fuel to cook. They typically cook rice in the morning for the whole day and fish or meat 1-2 times a day.
Nope, not going to make a single decision based on fear.
No one asking you to make a decision on fear. However the financials of corporations are way out of whack. P/E ratio is beyond far beyond what was considered sound. The stock market is over inflated by greed as is the housing market.
Whatever the actual inflation rate is, you are ahead of the game if you have food stocked up. Stocking up allows you to also buy when there are good sales.
Another tip is to use whatever credit card gives you the best discount on something. Amex gives me 3% at grocery stores, I pay no interest so its a 3% discount. I haven't started doing it yet, but one of my CC gives a discount on paying utilities. Another on paying rent, but the property management company charges a CC surcharge so nix that.
In the end its not good to have all your eggs in one basket, and the stock market is one basket. I am a senior so, other than a modest amount in DWAC (TS) stock I don't have any other paper investments.
For opsec it would be ideal to buy food with cash and without a discount membership card. But warehouse clubs can have such good deals. Grrr.
I belong to Costco and Sams, but only had the Sam's because the CC gave me 40 bucks credit which covered the cost of 1 year. Sam's is too far to travel since I don't drive and they are not always the best quality.
CostCo has some great prices on SOME things... Meat isn't that cheap, but some seafood is ok in price.
At both, stay away from the junk food, while the price might be ok, the packages are big and you will end up eating more. Kek
I have some cash and don't know what to do with it. I've thought about gold but how do I know if I'm getting iron painted with gold paint. (may be worth more than that cash I have). My emergency fund won't last long at the rate we are going and maybe my stash won't either. Puzzle. Buy a generator and never need it, buy food to feed the mice or risk it going rancid. I know not very positive but I just wonder how long before that money in their loses all it's value. I've racked my brain til it's worn out.....and don't know to whom I can get advice......
Buy junk silver (old used silver money) from reputable firms, such as Apmex. If you buy groceries, store them so the rats can't get to them. Don't leave canned food in the flats, as mice use the cardboard for nesting material. Canned food can last years past the best buy date. Spam can last as long as the can is intact. Whole wheat, white rice, and beans can last for 30 years sealed in mylar bags with oxygen absorbers. Smaller quantities can be sealed in jars. Freeze pasta for a few days, then warm to room temperature slowly before sealing it up.
I wouldn't worry about getting a generator, because it would make noise and draw attention to you. Go to bed at night and get up in the morning. You won't need that much electricity. Buy a few solar panels, a battery, and associated electronics to run small electronics and charge batteries.
If paper money is revalued and new currency issued, they never replace the coins. So if you must keep some cash, keep it in small bills and lots of coins. If currency was revalued at 100x, your pennies would suddenly be worth dollars.
Be able to defend what you have.
Most of all, be the gray man. Don't appear to have crap. Get some old clothes that are too large, so you'll appear to be starving like other people. Also, quit eating so much so you'll actually lose weight. Let your house and front yard go down just as the other homes in your neighborhood. You don't want to be a target. Keep a tiny amount of food in your kitchen pantry or cabinets in case of robbers, but keep the rest hidden well.
For good lists, google "list of lists." Here's one place to start, the original: https://survivalblog.com/2005/09/04/start-with-a-list-of-lists/
Gotta tell you! Went to the basement to check the traps and found a bar of soap that was half eaten by the mice! and they got into the garbage bags and chewed them up. All that food was driving them nuts. (No nuts stored). We have weapons so no worry about robbers but we do have lots of beans and rice to give to people. We are both pretty thrifty.....nobody would think we have much to steal. I will look at that website. Thanks fren
Buy some Tomcat poison chunks. They work. https://www.amazon.com/Tomcat-Bait-Chunx-Pail-LB/dp/B005BV0DD2
But I wouldn't use it if you have pets in the same area.
we caught 4 with just a regular mouse trap with peanut butter! Cats don't like PB, maybe they would if I added some J to that mix. But thank you so much for the suggestion. We may end up trying it, the ones we caught were tiny and probably not well educated like the adult ones.
I found years ago that a small piece of cashew nut crammed into the trigger of a mouse trap works great. The mice love cashews, but they can't get the nut out. That means you can catch a number of mice with the same trap without rebaiting it.
Interesting! Will try that. Thanks fren
Hear ya. Are you trying to protect the cash, or invest it in something more tangible? Depends on how much you have. If you have enough, I'd suggest investing in something "real," like real estate. If you don't have that much, like you said, possibly gold. There are ways of knowing if the gold is legit, and you could look for a coin dealer in your area who has been in business a long time and has a good reputation. But gold is so expensive. It's tough. Maybe silver? If you just want to keep your cash (out of the bank) you could consider buying a fireproof safe for your home.
It's not in the bank! We have equity in our house, but my realtor friend might be able to help with investing in a rental property, they do that at their work. Guess I could invest some. I do have some gold and silver but in the form of jewelry. Need to melt down I think. ?? And gold is expensive and why can't it lose value as well? Growing a garden is great but I don't like or eat much veggies. I maybe could grow a COW! That would be good. Maybe I should be thinking about some chickens....Not much land for a cow but chicken would work I think. Thanks fren for the thoughts to ponder.....
Where do you keep it?? I know banks aren't safe, but it feels like nothing else is either What should one do - hide it under the mattress, lol.? Seriously, if you've got a good idea of where to keep cash, I'd like to hear it. A cow or chickens would be great, imo. Although, I've never had either so I have no idea what it would take to actually raise and feed them. I agree about gold. Who says that won't go down in value? I guess it's still one of the better bets though. Bottom line is, it's not easy to figure out, is it? If you're lucky enough to have enough money to buy land or a single family house or duplex, etc, that seems like a good way to go because at least it's something real, as opposed to paper money. And you can rent it or sell it if necessary. Hey, if you figure anything out, let me know, willya?
It's in the gun safe....very large....very heavy! Not enough to buy a property or land since here an acre is at least $125,000! But go in with my realtor friends and buy a property. Will ponder and repost if I figure anything out.
Bury it in the yard
Gold doesn't change in value. The dollar changes in value. Gold is a store of wealth, not an investment. Silver is more affordable right now. Because of paper silver, the price of real silver is artificially low. Because of industrial use and less mining because of the price, silver is becoming rarer compared to gold. Because silver is cheaper now, but will probably increase in real value (not dollar price) over the years, I buy silver. I personally like junk silver, as average people can recognize silver dimes and quarters. The larger coins, such as halves and dollars, are more collectible. I like quarters, but dimes can fit more weight in the same volume.
Interesting points. Thanks. By junk silver, you mean dimes and quarters? (of a certain age.) Does anything else fall into that category?
When you say that silver will increase in real value, would you please explain that to me like I'm 5? Lol. It's hard for me to decouple anything from it's dollar value. Thanks for the comments.
Silver is lost in things like wound dressings and such. Also, because the paper price is down, the mines aren't producing as much silver. So silver is scarcer than the paper price would make it appear. The ratio of gold to silver in dollars used to be 20 to 1, as an ounce of gold was a $20 gold piece, and a silver dollar was about an ounce of silver.
Coins used to be silver, and paper money used to be silver certificates, tradable for real silver. That all went away in 1965. That's when the cheap copper clad coins came out. Those of us who had sense stored away all the silver coins we could find. I worked in convenience stores in the 70s and would trade out of the cash register all that came in. Occasionally, someone would raid a piggy bank and spend a lot at one time.
The paper dollar used to be backed by gold. Now it's backed by the US military being able to beat the crap out of anyone who doesn't go along, such as Iraq and Libya.
Gold and silver, in relation to other goods, has kept about the same value, except for silver's growing scarcity. A hundred years ago, a $20 gold piece (1 oz.) could buy a really nice men's suit. Now, you can buy a really nice men's suit for what an ounce of gold sells for on the market. Back in the early 60s, while silver coins were still in circulation, I could take a silver dime to the corner store and buy a loaf of bread. Today, I can still buy a loaf of bread with the same money it would take to buy a silver dime from the silver companies.
Since 1913, when the Fed and IRS came in, the dollar has lost over 90% of its value compared to most goods.
Junk silver means any circulated US silver coins. This includes dimes, quarters, halves, and dollars. They are 90% silver. During WWII, nickels were part silver, so they're worth more now. Silver rounds are one ounce of pure silver. There are also silver bars or bullion that are even larger. In a collapse, junk silver would work better to buy ordinary goods. Gold would be better for large purchases, such as land. But this would mainly be well after a collapse when things start getting back to something resembling normal.
Thank you. I never knew silver had anything to do with wound dressings. That's interesting. And you say the mines aren't producing as much silver, so if someone bought some bullion or even coins, would that be wise? Because if they start producing more silver again, won't the price of that go down?
So the 'silver certificates' went away in 1965. That means it went under Johnson's administration. But I thought that our money was backed by gold at that time. So that's confusing. Can you explain the silver backed vs gold backed? (if you don't mind, and have time. I enjoy learning about these things.) Thanks.
Old 1964 and earlier silver coinage is real good for barter and trade.
https://www.jmbullion.com/search/?q=#/?_=1&filter.instock.low=1&filter.instock.high=1&page=1&resultsPerPage=60&filter.metal_type=Silver&filter.product_type=Coin&filter.product_type=90%25
Here is a good link to a company I have used many times. Other bars and rounds are also good to have.
What about an old vehicle? You said 1964 reminded me of our 72 jeep cj. Gonna get it running come spring. Could put some $$ into that. Some people are still going to have money. Or buy 2 Cows with it. And a few eggs as well. So tell me is silverware any good value wise? My mother left me a whole set of silverware. Real silver, the kind that needs polishing! Thanks fren, I have bookmarked that website of the silver coins.
Old vehicals are great,they are easy to keep running,and if they don't have a computer they will survive AN ELECTROMAGNIC pulse,from a nuclear blast.
GOOD point! Yah it's super easy to fix. I would NEVER think to do work on my newer vehicles. Thanks fren
Definitely keep that silver ware. It will be currency, if we are correct in our guesses.
Ok thank you will keep it! I've also noticed at the thrift stores, it's hard to find now. I have quite a bit of that as well.
I have an Oz of placer gold Guaranteed 21 karat, but sometimes ranges up to 23 karat. Can buy for slightly below spot and is sellable to paydirt vendors, or selling paydirt yourself, or have it assayed and sell.
If you buy Gold Coins or Bars there's a markup for minting. You can buy defective bars a bit cheaper. Downside is the big retailers charge extra if you use a CC.
Spot Gold @ 1874, My vender currently at 1865 for 1 Troy Oz, JM Bullshit Defective Gold Bars @ 1937 if you pay ACH / Check / Wire, Crypto:$1,958., 2018 CC/ Paypa.
JM Bullshit Gold Coins defective 2032, 1952 for ACH/Check/Wire, 1971 for Crypto
Defective coins and bars may or may not make a difference should the world economy collapse.
So, can I ask some questions? What do you mean by "defective "? How can gold be defective? Thanks, fren for the education
The JM Bullion site lists the cheapest as their choice varying condition. Will be marred in some way, but the weight and purity are un-affected.
I will save your post, it may make sense to me one day. Truly thanks so much!!
I don't mind the sarcasim, at least you didn't call names. Kek. In short your money invested in the WEF owned corporations is going to go poof. Figure out somewhere else to put your money.
ok what WEF owned corporations? I now at least two retirement account are invested in BlackRock....are you referring to that sort of thing?
Almost all the big corporations...
https://www.weforum.org/partners/#search
Nah Q would never let all peoples retirement savings vanish. If that happens it’ll be suicide weekend for normal working folks.
Look what is happening to innocent children.. what makes you think people's retirement funds are worth more than the future of this world through the children on this earth?
Do you understand what would happen if everyone lost their life savings?
It would be total chaos. This is a controlled demolition.
When the dollar goes to worthless, everyone with fiat money is going to have nothing more than firestarter.
Idk man, people will be rioting if that happens.
Ya, Q said when the riotinng starts stay indoors, right? Look to the emergency broadcast system. This is going to get far worse than you think.
Don't get me wrong, I know the precipice will occur. Just don't adhere to the idea that everyone will lose their life savings.
I think they will but the solution to the chaos will be positive instead of negative. I actually hope you're right I tend to be a bit black pilled.
Probably not a lot, as very few people have much in savings. They're mostly in debt up to their eyeballs. Everyone needs to seriously look at the Dave Ramsey plan and get to work.
If that happens, the end of the world as we know it, will ALREADY be here.
idk about the end of the world but it'll be utter chaos
What is likely to happen is that all individuals and corporations (Which are treated as individuals under the law) found guilty of CAH and or Treason will have their assets seized and somehow that will be used to fund everything ongoing. with 90T in Market Cap and most of it WEF controlled that will be enough to start a new world economy, but it will be a bit rocky.
A lot of corporations have terrible fundamentals. Twitter is a prime example, Musk didn't buy it because it was a good deal. It has never made a profit ever. Revenues were a few billion a year. Musk will be growing it though and may be able to make a good ROI eventually.
My micro-penis is ready.
Sorry, I meant business.
Heh heh, There's a lot of women that claim size doesn't matter, and if its a bit small, its probably true, BUT at some point it does matter. If your pecker is the size of a small tootsie roll your screwed. Imagine how those guys feel when they hear size doesn't matter...
On the other hand, men tend to worry too much about size. Looking down at it isn't exactly flattering, most porn WAS all big penis dudes (Made Filming angles better) until Armature.
In the end most women prefer girth not length unless their vagina is abnormally deep, and those chicks are fat and go black.
I've stocked up on the essentials. As for financial, I've been converting my bank ones and zeros into physical metal and cash that can't be deleted by a keystroke.
Good idea!
Regardless of the coming collapse, surely this is wise advice for anyone at any time.
The cabal uses debt and usury to create slavery.
I bought a home in the early 80s and paid it off in 16 years, stayed a few years longer then sold it, then I bought a low priced condo for cash. I lived in 2 condos after the first and always paid cash for the ones I lived in. Prices were cheap! First condo was 25k last one in same complex 18k. Well built and maintained but in the bad side of town.
Last 2 cars I had 0% and .9% interest rates. First condo I had a HELOC at 2.76% after I'd moved and kept it as a rental. I use banks they don't use me (anymore)
My original house Citicorp illegally made me buy disability insurance, but the guy told me on the phone not in writing.
Car insurance, I totaled 5 cars with many fender benders, I quit driving and thank God I never hurt anyone, but the insurance companies lot money on me big-time.
What about people who don't have much at all?
Do what you can…God will provide the rest.
Amen.
I'm in that boat as well. Retired early, built a house abroad, and lived on savings abroad for 3 years, then on SS + savings for an additional year. Back at work and no longer own a home is US, rent is 2k a month... Got and maintain 6 months canned goods and dry goods and started gardening last year.
Well the government considers a Small Business if you have like 100 workers so...KEK
I lived a few years in the Philippines and I learned what small business actually is and also micro-businesses. There are mom-and pop restaurants and shops which are small businesses. People sell stuff on the streets, at the beach, and out of a grill in their homes, those are micro businesses. In the Bukid (Away from towns) maybe 1 in 5 hmes are Sari Sari stores (Out a grill) with most having closed because of giving credit.
In the Town where I lived there was a shop with an Apt. above that rented @ 300 Bucks a month. Here in the USA my niece who works for I-hop wanted to add another location. The rent would be 350,000 a year. I'm sorry, but having to tie up a million bucks isn't small business to me. And there is almost no micro-businesses. Maybe the hot dog carts and flea markets.
We have the illusion of free market, that's not the reality. As just one example, If you own a rental property and you don't charge what the IRS determines if Fair Market, then you are liable to pay income tax on fair market regardless of what you charge.
The WEF applies pressure on everything going up and up in price when actually with more efficient manufacturing many things should become cheaper. Making things abroad because of labor costs is a falsehood. Labor is the smallest expense for most factories. The factory I worked in for 10 years, the manager told me that labor was 2% of overhead.