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“When The Real Crash Comes It Will Be Worse Than the Great Depression” (Shortened)
SHTF Plan
| 4/30/13
| Mac Slavo
Posted on 04/30/2013 3:08:21 AM PDT by Kartographer
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To: bgill
Try listening to FOX Business
Neil Cavuto, Stuart Varney, Gerri Willis, Lou Dobbs et al
They all know better
61
posted on
04/30/2013 6:48:59 AM PDT
by
silverleaf
(Age Takes a Toll: Please Have Exact Change)
To: Kartographer
Eventually interest rates will rise
and when they do, Schiff says, stocks will tank and bonds dip to nothing. Massive new tax hikes will be imposed and programs and entitlements will be cut to the bone.
The latter isn't a bad thing - too bad they can't do it now and avoid the inevitable.
To: Kartographer
So much so that the government has been simulating the collapse of our financial system, the collapse of our society and the potential for widespread violence.
That explains them buying up MREs and now, ammo.
To: Kartographer; All
In an inflationary scenario wouldn't the drop in the market be temporary? Wouldn't the stock prices become inflated as well?
I do think the economy is tanking under these dangerous circumstances and I do expect the stock market to crash, but I'm wondering how long lived the crash would be.
Can any economists out there explain to me how the stock market could remain flat in an inflationary environment?
To: Venturer
I agree with Schiff that we are heading for disaster, I only wish I knew how to save my savings.
Me too. Here's my plan, if TSTHF in 3 years or more. If it's sooner than that, then I'm screwed. Move to a rural area and buy 40-50 acres, some tillable but mostly wooded. I'll need the wood for heating and cooking and 10 acres would grow/raise everything I need for food. Buy 1 or 2 rentals, low cost ones and putting only 20% down, so the tenants pay the rest. That way, if property prices fall, I'm only out the 20%. If, as Schiff says, interest rates rise and the dollar falls, tangibles should go up in price. If anyone has money to pay for them, that is. Cheap housing should do ok. Got some PMs bought at a low price years ago. I'm hanging into them, no matter what. And may buy more if the price dips even more. Other than that - I'm not sure what to do with the cash that is left and will evaporate. If you come up with anything good, left me know!
To: Spartan302
Alaskans used to be conservative.
Sorry to hear it has changed. Guess I'll cross her off my 'move-to' list.
To: cuban leaf
Im already seeing it speed up. Even NPRs in depth report yesterday about the fallout from obamacare was extremely gloomy. And yes, I think Obamacare could be the straw that broke the camels back, mainly because its really a bundle of rebar. Extra thick.
NPR turned on their Messiah? Amazing.
To: yorkiemom
I’m in the same boat...I need about 4-5 years to put my plan in place. As a Texas vet, I qualify for a loan from the TX Veterans Land Board. I’m looking for something in the 10 acre range, and construct a 3/4 acre to 1 acre stocked pond.
68
posted on
04/30/2013 7:11:22 AM PDT
by
Night Hides Not
(The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)
To: cuban leaf
Yep. Its why I moved to my small farm in central KY in the spirit of Revelation 18:4
Neat. We're looking at eastern KY. Beautiful area, cheap acreage, and nice, nice people.
To: Night Hides Not; Venturer
The value of your wisdom and experience is unlimited.
I'll turn 59 in about 10 days. Last October, I was diagnosed with Type II diabetes. I firmly believe it was God's way of telling me to "WAKE UP!!!"
I have to 2nd that. The younger generations will have the deer-in-the-headlights approach when things get bad. They've never had to do without and think the gravy train is indefinite. It's only the older folks that even remember anything about the Great Depression and making do and persevering. And doing it with good cheer.
And I'm with you, NHN, on taking care of ourselves. I had the same wakeup call with cholesterol. Being cheap, I didn't want to have to pay the copay for cholesterol medicine, so decided to control it myself. My doctor was amazed how I got my LDL from 157 to 117 in 8 weeks. We have to not only be good examples, but be around to help when the time comes.
To: old and tired
You make good points.
Under the Weimar Republic, the prices of products rose of course - so quickly that manufacturers didn’t want to take orders at a set price or they’d lose money. But the price of their stock would be based on their profits, not just the price of their product. So, I’m not sure how it works. Hopefully someone out there will explain it.
To: reformedliberal
States and counties determine property taxes.
That's partially correct (for now). Actually, federal judges regularly impose property taxes from the bench by judicial fiat to provide school district "equality."
More important for the future, however, is the power of a broke state and federal government to tax whatever they wish. Landowners are an easy target for taxes...and don't be surprised to see a federal property tax and high state property taxes post-SHTF.
72
posted on
04/30/2013 7:22:56 AM PDT
by
peyton randolph
(FUBO and his wookie beard)
To: Night Hides Not
Hopefully, this thing is held at bay for a few years so we get the time we need.
A stocked pond sounds great - easy dinner! Does it replenish itself over the years?
I have a Plan B, but it’s iffy. We have a cabin in the Sierras - to escape the liberal hordes in Mexifornia. But I’d really hate to be in this state when it all falls apart. I need to get near some conservative, can-do types to feel less jittery. There ‘might’ be a job opportunity in Idaho coming up - which would be exciting for the next 3 or so years. Totally different than anything I’ve ever experienced and just beautiful. And hardy, armed people! I guess that’s my Plan B. The cabin is Plan C - or always the last plan in my list.
Are you already in Texas? That would be a good start, if so.
To: old and tired
Here's an interesting article:
How Stocks Performed During the Weimar Republic Hyperinflation
It's short and sweet, and low on data though.
I was wondering myself what to do with my savings. I'm in the market partially now - on a very conservative basis. And it's done well, better than the 0.5% I get with the rest of my savings. Seems Schiff is saying that AFTER interest rates rise, then stocks will tank. So we'll have a warning of when to pull out - if that's what we want to do.
To: Truth29
Switzerland comes to mind.
There are plenty of places to ride it out. When the U.S. implodes, there will be a pile-on effect by its enemies.
Some countries, like Switzerland, will not be a target. They will make do with what they have and survive.
The question becomes one of timing and options. Where can you go, and will you have everything in place to get there when the SHTF? Many FReepers are in denial, believing the 2016 GOP presidential candidate, or the Tea Party, is going to come to the rescue, defying economic realities (the country is broke), demographic realities (the majority are now looters and moochers), and somehow bring back the good old days of Coolidge and Reagan.
75
posted on
04/30/2013 7:32:15 AM PDT
by
peyton randolph
(FUBO and his wookie beard)
To: Kartographer
It will be worse because, unlike during the depression, most people cannot live off the land. Although there were many that lived in the cities in the 1930s, we still had a substantial number of Americans that had farming and other survival skills.
76
posted on
04/30/2013 7:39:53 AM PDT
by
grumpygresh
(Democrats delenda est.)
To: grumpygresh
“It will be worse because, unlike during the depression, most people cannot live off the land. Although there were many that lived in the cities in the 1930s, we still had a substantial number of Americans that had farming and other survival skills.”
It will therefore also be shorter and bloodier than the Great Depression.
77
posted on
04/30/2013 7:46:43 AM PDT
by
headsonpikes
(Mass murder and cannibalism are the twin sacraments of socialism - "Who-whom?"-Lenin)
To: Venturer
We are in sinc with Peter Schiff. We are putting our money in a rural retreat, food, gold, junk silver and guns and ammo. When this house of cards comes down its going to be a nightmare if you are not prepared to be self sufficient.
78
posted on
04/30/2013 7:56:26 AM PDT
by
Georgia Girl 2
(The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
To: grumpygresh
That has been my thought as well. Most urban people have no clue about gardening, much less farming.
OTH, if the government collapses with the economy, the urban populations might suffer a great loss of life in the ensuing violence that is sure to occur when the ebt cards stop working and there is no food on the shelves anyway.
79
posted on
04/30/2013 8:03:43 AM PDT
by
Valpal1
To: Kartographer
80
posted on
04/30/2013 8:12:42 AM PDT
by
CJ Wolf
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