Aren't there others who are wealthy beyond our wildest dreams, and when are the democrats going to do something about that unfair gap?
Posted on 02/06/2017 9:49:58 AM PST by SeekAndFind
He’s got a couple of things wrong:
>>>>>”Land and homes are difficult to expropriate for two reasons”
While Detroit is only the most obvious example (want a 3 bedroom house for $50 bucks?) it’s fairly easy to use marauding hordes to strip value from residential real estate.
In Atlanta in the 1960s they used blockbusting.
Real estate values can evaporate when it is in the interest of the powerful for them to do so. And you have to hold possession - if you consider the fenced off vacant commercial property something you want to pay taxes on until the elites decide to ‘gentrify’ the area in a few decades.
>>>>>”the debate over cryptocurrencies: will states be able to confiscate all cryptocurrencie at will”
He misses the point completely there. It isn’t the state that has been making wealth held in cryptocurrencies disappear. The trusted holder claims that they’ve been hacked, shut down their business, and your incorporeal asset has disappeared without even a simple ‘poof’.
It’s like they used to say about gold. ‘If you can’t touch it, you don’t own it, you own a piece of paper’ or in the case of crytocurrencies, you own a thumb drive or some other electronic ‘storage’ bits and bytes.
I used to have a thousand Mark note stamped diagonally across with million. It survived alright.
Agree with most of the remainder of the list, but don’t know enough about cryptocurrency to have an opinion. I question the inherent value. PM , tools, RE, knowledge & reputation will always have value.
This will come as news to Bill Gates, Larry Ellison, Warren Buffett, Mark Zuckerberg, etc., etc., etc. Real private property is NOT the dominant form of wealth in the U.S. today. Nor is it immune to confiscation through expropriate taxation or regulation.
Cryptocurrencies have an element of risk, heck the technology is only a few years old, and they do depend upon the Internet, but it's not only cryptocurrencies that have the Internet as their Achilles heal nowadays, it's banking, resupply, transportation, travel, security, manufacturing, and many more critical systems that we rely upon today. I would never advocate sinking more than what you could afford to lose in any one thing.
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.
There are plenty of informative videos on Youtube that explain the process in detail, for those interested. I can tell you from 3 years of experience that "mining" ain't so easy. It requires equipment, time, and lots of electricity.
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.
True, diversify to an extent that's practical for you. One of the best forms of currency ever invented, utility wise and at this day and time, are Cryptocurrenices, IMO.
If you’re planning for SHTF, it’s best not to pin your “money” to the fan, though.
I don’t have much money to invest in “things”, so I focus on skills. And the physical things I do invest in tend to be the kind that grow.
Literally. My seed inventory took 8 pages this year.
I have 5 acres, but no house yet. Still working on that part. I’m developing a reputation as a plant breeder and herbal expert. I’m not sure yet how much of that is justified, but herbal medicine was an obsession of mine when I was a teen, and I’ve been getting back into it the last couple years. And the plant breeding is just plain fun :) I even have 2 seed companies interested in the bean I’m developing.
I’m of the opinion that you can never have too many skills.
I smile at this. The basics for living still falls under Abraham Maslow’s needs.
The basics of his needs for existence are called deficiency needs because a person does not feel anything if they are met, but becomes anxious if they are not. Thus, physiological needs such as eating, drinking, and sleeping are deficiency needs, as are safety needs like shelter and security. And the magical problem with any of these is they are controlled by the government through taxation supply and demand. And these are just the basics.
The same thing happened during Y2K. Everything was going to fall apart. And the only people with enough of anything to possibly survive was the rich or the government. Or so they think.
Additionally, what is everyone going to do when other countries come looking for food because we support most of the world with that now and we won’t be able to do so?
No place to run and hide as they will be effected more than us. This is what happens when you try to borrow from Peter to pay Paul and then borrow from Shirley and not find enough to pay either back. And when it happens, you won’t have a chance because you will be vastly outnumbered. The same as the rich and the government.
red
Gold and silver. If you don’t have it get you some.
Agree, and trust me, we’re on the same sheet of music when it comes to diversification. ;)
Yes and the EPA sez those water puddles after a rain belong to them.
And decide some insect is in fear of extinction and your endangering them.
You really don’t own that land, you just rent it.
Here is a thought I’m thinking regarding a System Reset. Lots of people lose financial assets, then jobs, and the ability to sustain themselves. Individuals or gangs begin stealing by force. Police and the government become overwhelmed, and lots of theft and assaults go unanswered.
Would the local governments still enforce regulations on property? In other words, if a property owner beefs up their security on the perimeter of their home, would local government let it go? For instance, in my area one can have a solid six-foot fence, total of eight-feet height if the upper two-feet are see-thru. In front, only a few feet height. What if I quickly installed a solid 8-foot wall all around, which is against the rules? Because that is what I would do to keep marauding gangs out. (Besides using my stockpile of ammo.) One thing in my favor, is that my neighbors on my block will band together to defend the block, and we have no gangs near the neighborhood. I can see the rule of law breaking down as people do whatever they want in order to protect their assets.
Isn't there a category of deed that gives you absolute ownership? I know freehold is one name. I don't think it exists in the US. There's another name for it.
An Economic bubble about to burst ? Which of your assets are likely to resist an economic decline ?
Please read the comments for critical thinking and assessment.
Any idea as to how safe a gold IRA is? It’s physical gold, but stored at the Delaware Depository? I’d rather have it at home, but since it’s an IRA, evidently I have to store it out of reach.
All I know is that the day after I write the last check for my seventh college graduate, all student loans will be forgiven.
That would depend a great deal upon the nature of your local jurisdiction(s). I’m of the opinion that some areas will go Lord Of The Flies, some areas will manage to adhere and maintain a sense of order and normalcy as before, and most will be somewhere in between, possibly switching from one to the other in waves as new disruptions hit.
There’s also a good possibility that there will be local jurisdictions to go full on authoritarian, more likely to the left than to the right given present realities.
Be careful where you live and own property, in other words, not just due to physical attributes and location, but also just who has authority over it and how those authorities would be likely to react. Look closely, there are “tells.”
You don't. You hand the confiscated property to others (the previously "disenfranchized," "underprivileged," "wretched," or however they are called.) They are allowed to "farm" or otherwise "manage" the stolen properties, but - like sharecroppers - must give the lion's share to the State.
Of course, the new "owners" aren't highly motivated, and will probably eventually run the property into the ground - but nobody's perfect.
Regards,
Precious metals.
Aren't there others who are wealthy beyond our wildest dreams, and when are the democrats going to do something about that unfair gap?
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