Can we have a thread about what the hell to do right now?
🗣️ DISCUSSION 💬
First of all, I'm an idiot when it comes to anything financial. I know many of you aren't. What is the safest thing to do with the money (fiat) that we do have right now? Leave it in our local bank? Credit union? Keep it as cash in my sock drawer? Also, the money in my 401k? Switch it over to bonds or something else I don't fully understand? Any thoughts from someone who's been paying better attention to these things than I?
Relatively recently, an interviewer asked Robert Kiyosaki (rich dad, poor dad author) where we should be putting our money right now, and he answered something to the effect of "canned tuna" because you cannot eat money. We've moved investments to real estate and instruments that are nearly independent of stock markets, metals in hand (lead is still a metal, right?) and outside of that? Things that will be harder to find in the near future or which will be much more expensive. If you want to keep cash at home, remember to assemble small denominations and coins, if you expect to buy or trade for small goods.
Canned food and things that can be vacuum packed for long term storage, for example. Extra little containers of (clean) gasoline. Heirloom seeds. Foreign coffee. Thinking about barter items, especially easily stored and carried items, you might consider cigarettes, whiskey, protein bars, first aid supplies (antibiotics, bandages, anti-diarrhea), batteries. Baby formula or other powdered milk, lighters/matches, camping items like water purifiers, camo stoves and small propane canisters, it all depends which way you want to go.
I might add...invest in a tray of lighters. As rudimentary as it might seem, if the SHTF this will be a valuable commodity for yourself and to barter.
Maybe I've played to many survival games, but the ability to light a fire is essential and they will never lose value and last forever so no loss whatsoever.
Agreed
It doesn't keep for long so this needs to be a last-minute purchase. I just keep a couple gallons for my little motorbike and rotate. In other words I always fill the tank from my containers and then refil the containers at the filling station. Diesel lasts longer and propane even longer.
Non-ethanol gas does keep, tho, and yes on diesel and propane. We have those too...
Feminine products will be in great demand too. Right up there with diapers,toilet paper, cigarettes and alcohol. I suggest a book or two that describe native plants in your area that are edible, could be used for medicine, poisonous etc.
Oh man can't believe I overlooked that- absolutely true! I learned about the humble gooseberry this year, were looking to plant it- it was unfairly blamed for a tree sickness and wiped out of our country at the time, when it's really beneficial and hardy etc. Return the gooseberry, and heck, the chestnut too!
But hey pedes, let me introduce you to the wonderful BIDET- you can buy them as just seats you install on existing toilets, so you won't need a whole new appliance. The ones I've seen do require electricity, so if there's no outlet handy you may have to do a bit of work to split off from an existing one.
But- seriously, it's a game changer, most especially for the ladies. You won't worry about toilet paper much ever again, and they will be grateful to you all over again every time they use it.