Skip to comments.“When The Real Crash Comes It Will Be Worse Than the Great Depression” (Shortened)
Posted on 04/30/2013 3:08:21 AM PDT by Kartographer
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I agree with Schiff that we are heading for disaster, I only wish I knew how to save my savings.
When governments stand to lose the most with interest rate hikes, you can bet interest rate hikes will be very late occurrences.
Banking and Government are fingers on the same hand pulling together.
The struggle begins.
We already hit our heads on several balconies (some more stealthy than others).
And that is why when the “crash” comes, regular folks will have been squeezed quite enough already.
I have this feeling its very imminent, and that I need to liquidate some possessions very soon and just leave the country for about two years.
Nobody is fighting, nobody gives a damm and or trying to even organize any movement. I don’t see any mass resistance, no Revolutionary forces mustering or marching, everybody is too dammed scared to go up against Obama, and those that say they will though numerous have no collective goal and thus will never amount to anything more than a bug smear on a windshield.
I don’t know how to protect myself either ,,, I’m thinking buying good land on a long term dollar denominated loan and setting aside the payment money ahead of time to get larger lots cheaply when the dollar crashes.
People talk of barter goods ...
I can’t stop thinking of the smarties that bought IBM and Coca Cola during the 1930’s/40’s after the bottom...
I don’t see any salvation except an asset backed currency ,, wishing a few states issues oil backed notes or silver/gold backed notes. Canadian $$$ is good because of their oil and lumber resources.
The only true way to preserve wealth is to preserve your ability to create it. Ever wonder how a millionaire can lose everything and be back on top a few years later, yet a lottery winner will manage to be broke in that same time?
It will either usher in a new birth of Freedom, or a great Tyranny. Either way, I hope it happens in my lifetime and not my children’s.
If we go down, the whole planet goes down with us. There will be no other place to "ride it out".
We are more “together” than you might think. As far as armed resistance? More than you might think.
One April morning....
I was born here; I’ll die here.
IOW, there is no Leonidas, and this particular Spartan is grabbing a bus to Athens - to h*ll with holding the pass!
I can see it in the lower 48 but I am cursed with living in Alaska that has gone libertarian, they would rather stand in the middle of the road getting their head smacked by mirrors of opposing political vehicles. Alaskans used to be conservative.
Too timid to fight, too much hooked on handouts.
And by being in Alaska its too far to be where the action will be.
At 70 my ability is a bit limited.
Worst case scenario - A Zimbabwe-style seizure of your land. Done in the interest of "fairness" of course.
Likely scenario - Property taxes soar through the roof so that you pay your "fair" share.
When SHTF, land ownership will mean squat.
Oh, no doubt - another of several reasons not to "run away"!
1) The whole earth's economy will be in collapse.
2) We are Americans - we will right this ship together (well, the Patriots anyway).
3) We are Americans - this is OUR country.
4) We are Americans - we don't run and we don't lay down.
Think “Margin Call” on a massive scale.
Not to mention the fact that 2nd ammendment supplies and accessories basically can go no where other than here. I’m going nowhere. SHTF or no SHTF.
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