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To: Mariner; Nuke From Orbit; appalachian_dweller; OldPossum; DuncanWaring; VirginiaMom; CodeToad; ...
Prepper Finance : Understanding the upside-down world of current world economcs,
where inverted yield and zero percent banking interest leads to a 'House of Cards'.
The fall from the bubble is inevitable.

Nuke From Orbit: "fantastic read. Highly recommended to help understand the current
and past goings on with house of cards."
Mariner :" Money is the cheapest I’ve seen it in my lifetime.
30yr mortgages and refis are at 3.00%, no points.
If nothing else, lock that in NOW even if you take no equity out.
When the inevitable collapse comes nobody is going to pay back anything anyway."

Boy Scout motto :" Be prepared"
OODA loop : " It is a learning system, a method for dealing with uncertainty,
and a strategy for winning head-to-head contests and competitions.
In war, business, or life, the OODA Loop can help you grapple with changing,
challenging circumstances and come out the other side on top."
OODA source : https://www.artofmanliness.com/articles/ooda-loop/

11 posted on 08/28/2019 9:12:57 AM PDT by Tilted Irish Kilt
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To: Tilted Irish Kilt

Thanks for the ping.


14 posted on 08/28/2019 10:39:07 AM PDT by Rusty0604 (2020 four more years!)
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To: Tilted Irish Kilt

Thanks for the ping.


25 posted on 08/28/2019 11:27:39 AM PDT by laplata (The Left/Progressives have diseased minds.)
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To: Tilted Irish Kilt

Cheap money is nice but nicer still is to get out of debt.

Housing inflation is at about 8% per year. You can’t make that much money in most investments. So if you buy a house for say $100000 today in 5 years it will be worth over $150000.

I know, nobody wants to live in a 100000 dollar house. but if you did and paid for it in 5 years you could then live in a $150000 house and have money for repairs and new furniture. In another 5 years you could pay cash for a $250000 house and 5 years later have a paid for $425000 house.

Instead of doing this people get enamored with paying twice for a house and not having it be theirs for 30 years.

Capitalism goes up and down but you don’t have to if you are prepared. You would be wise to save at least 25% of what you earn. You would be wise to have investments that have real value that cannot be easily wiped out. Have some substantial amount of real money (not fiat although some is good) and consumables you can live on and have your house paid for. If you have those things you will be able to pay your exorbitant taxes while some are rummaging through trash cans looking for your scraps.

Once you have “stuff” you may have to protect it in a SHTF situation, be prepared to do that.

I do not consider myself a prepper but I am prepared. I have electricity and water without any help from outside my own property and I have room enough, food enough, care products enough for us and the 9 kids and their families for a long time. I’m working on finding a way to store some fuel but that is a little difficult. I have often thought I might want to have a small motorcycle for efficient transportation, we’ll see.


27 posted on 08/28/2019 12:55:52 PM PDT by JAKraig (my religion is at least as good as yours)
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