3 Ways To Survive “The Great Taking”
https://www.activistpost.com/2023/10/3-ways-to-survive-the-great-taking.html
Article is a summary of a 130-page PDF book available free here: https://thegreattaking.com/
I've skimmed it and put it aside for later detailed reading. The book seems to describe the problem with the financial system quite well:
...privately held control of all central banks, and hence all money creation, has allowed a very few people to control all political parties and governments; the intelligence agencies and their myriad front organizations; the armed forces and the police; the major corporations and, of course, the media. These very vew people are the prime movers. ...**
Main takeaway: you don't really own your stocks, bonds, etc. If your broker goes bust, the stocks and bonds you think you own will be used to satisfy more senior creditors of your broker.
... All that is needed is a big crisis that will cause a tidal wave of bankruptcies, and the hidden forces behind the world’s central banks will be able to take everyone’s stocks, bonds, and any property financed by debt. All the assets people think they own in brokerage accounts, bank accounts, pensions, and other financial accounts could vanish overnight. ...
... The best you can do is to make yourself a hard target and not be among the low-hanging fruit. You can do that by being debt-free and owning unencumbered assets within your direct control.
Hints from article:
- Don't put gold/silver into a bank's safety deposit box; they can be confiscated, just like your chequing & savings accounts.
- Pay off mortgage ASAP so that there is no competing claims on your house.
- Bitcoin, which has "the potential to separate money from the state and give monetary sovereignty to the individual, rendering central banks obsolete--along with their confetti currencies"
Me personal, I'm still a bit leary of Bitcoin. Anything digital is vulnerable to EMP and hacking...
But still, a very interesting article.
We don't all have the same risk. Some people face a bigger risk keeping their precious metals at home. And credit unions don't play around with swaps and derivatives.....
Credit unions are safer by far but still not entirely insolated.
Precious metals, ammo, food and alcohol, even if you do not drink, will be worth more than the dollar soon. Trade and barter will work just fine during the chaos of the transition. That is all short term of course.
All true, my point was that some people are better to leave their metal in a safety box, as their friends or relatives may rip them off or even strangers.....
Some people live in bad neighborhoods.
Oh, very true. But on the other hand, you should keep your business to yourself, you do not tell friends and family where you keep your stash or that you even have a stash. But you should still keep your stash at hands distance. Easily accessible.
I have learned the hard way that the people you trust the most will knife you in the back when the chips are down.
The Godfather slaps his son in the face and says never tell anyone outside the family what you are really thinking. I took that scene as sage advice and then realized, I am my only family, I keep my own counsel and I tell nothing to anyone anymore.