Posted on 02/06/2017 9:49:58 AM PST by SeekAndFind
Inflation generally helps those who owe money... it's hurts savers.
This is one reason I got out. And though I think the Trump election is a pause before the inevitable, I believe our situation is beyond any human solution. This is why I got out several years ago.
For me, EVERYTHING is in hard assets and the real-estate I live on - a home and 32 acres that can completely sustain my family.
Cash
PMs
Cryptocurrencies
Firearms
Tools
Equipment
Real property
Food Storage
Reputation
...
I read it as which of you asshats and wondered how you knew.
PMs-—????????????????????????
.
Any real reset on the scale that ZH is talking about will destroy or bankrupt 95 out of 100 people in America.
The game has been rigged for far too long.
The plus side is that when the market goes up in any quarter or over the year from the anniversary of the IRAs, they generate interest above the guaranteed - got almost $8K extra on mine this year.
We were prudent with our lifestyle and right now it would take a pretty substantial spike in inflation to put us behind the 8-ball.
Too bad most folks in the Middle Class prefer to live beyond their means and not prepare for the inevitable retirement or work at Walmart until you die event.
This is a silly article. Let’s just say, Washington elites “expropriate” all funds in centrally managed institutions. And the article thinks after doing that, it is hard to then steal property? Nonsense.
And after stealing that much net worth from so many people, exactly what do you think the life expectancy of these these thieves to be?
There have been bubbles, depressions, etc. The only way I’ve seen in history to wipe everyone out is a revolution - like Russia 1917 and the like. If that happens, private property and other tangible assets are absolutely not safe. The you choice is to leave the country to a safe haven with whatever you can carry, or fight back with armed resistance to the death.
This article is silly.
That is admirable as long as some layer of government doesn't decide it wants your property.
Ammo.
Precious Metals
Thanks !
Cats. Invest in cats.
I look at the whole thing kind of like insurance. You can only mitigate risk, not eliminate it.
And the good news is that my property would be of no use to the government. If they were coming after my property, things would have to have deteriorated so much that that would be the least of my, or anybody else’s problems.
Like I used to say in 1970 in high school: If the day comes where the government is not honoring your valid savings bonds, that will be the least of your problems.
Whenever I see a scare piece like this I examine the basic tenets and see if they are sound. Right off the bat, this one hit me:
” this means labor is receiving a diminishing share of economic growth. Since costs and debt continue rising while incomes are declining or stagnating, this asymmetry eventually leads to insolvency.”
First, the chart is interesting showing labor receiving a declining share of GDP. However, note that it is not a zero-based chart. Thus, it shows a trend, but not an inevitable “result” or crash, which is implied.
Second, the chart “assumes” GDP is static. This is a typical liberal mistake. It is the same one as assuming that if some people are getting rich, then others must be becoming commensurately poor. If the GDP is rising during this same period, then labor is not suffering and may be thriving!
Thus, “leading to insolvency” is NOT an appropriate conclusion based on the chart, alone. It may be an appropriate conclusion, but it hasn’t been even remotely demonstrated.
I fail to see any basis for the prepper fascination with so-called cryptocurrencies. The means of distribution and even the existence of them is completely controlled by government just as surely as any other, and what’s worse, it’s also dependent upon not just electricity but the telecom grid.
And talk about fiat money, good grief, what exactly determines the value of cryptocurrency? “Mining,” lol? I remember my young niece being fascinated with Minecraft, not exactly a big money-maker for her.
Don’t put your faith in any form of currency if you believe the governing systems to which they inevitably belong will cease to exist. Scrip and local currencies will arise in the absence of any other alternative, as they have in the past, with the value agreed upon by those participating and policed by those participating as well.
Too true.
Precious metals, i.e., gold and silver. :)
Thank you.
.
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