Posted on 03/10/2021 4:30:33 AM PST by MeneMeneTekelUpharsin
Folks...it is becoming apparent that the Democrats are pursuing policies that are going to collapse our economy. They are also taking steps to make sure they never leave power. What is a person to do? We have the examples of Argentina and Venezuela clearly before us. Anyone have some helpful ideas? Ferfal of Argentina has a blog spot and wrote a book, but information from our situation here would be helpful.
Pack all that in a cabin out in the wilderness.
bump
It thought it was closer to Halloween. But same general time of year. Ice storm on trees that hadn’t dropped their leaves.
“Can’t eat gold.”
ctdonath2 : "Word is this was demonstrated in Japan in WWII.
People had kept gold for emergencies, but found it won’t buy bread when there isn’t any."
BTTT
Who held out/made out, the best, in Argentina, when they went through their crash and societal breakdown?
What investments, there, were the best protected?
Thanks for the ping.
also silver is goof for smaller purchases.
Wow. 3 million+ views.
Paid for real estate. You can raise rents along with inflation, and the value of the asset is also going to go up.
Garden seeds and garden tools so you can cut your grocery costs during the growing season. You can grow a lot of salad greens in very little space. Square foot gardening maximizes space and production. Canning jars and supplies to preserve it. If you have a black thumb and kill every thing, skip this one.
A water purification system and not a Brita, a real one in case the city water supply gets messed up by power loss or repeated brown outs. This avoids buying overpriced bottled water.
Investing in residential solar and wind generation to reduce your power bill, especially if you can lock in a very low or zero interest “green” government loan and pay them back with their worthless scrip. That’s a two-fer.
Take stock of any specialized skills you have that you can trade for things or the services of other skilled tradesman.
If you have small acreage buy two steers, one to eat and one to trade with. Very useful if your transmission needs rebuilt or your engine blows up.
“I know you wont just get to keep the property you don’t technically own yet because the bank had the deed.”
Yes, you will. Whatever financial entity that buys up the assets of the failed bank will continue to service the mortgage contract as written. You make your payments to them.
Our mortgage changed hands twice due to bank failure and subsequent buy out. Thankfully, it’s paid off and now has a hyper-inflated value thanks to all the stupid city folks trying to flee to small farm towns.
We already have a serious uptick in game and domestic animal poaching in Eastern Oregon.
Farmers go out to feed the cattle and find a hide and a pile of guts. Sometimes the rat bastards even leave the gate open.
So in 2008, I started putting the “escrow” amount into purchase of silver eagles. That should help to pay for the real estate taxes and Insurance on the home. So that’s enough for the next 12 years, which is about my life expectancy.
In 2009, we added storage space and invested in short, medium, and long term food storage. The long term is the type that is good for 20-30 years-staples mostly, flour, wheat, rice, beans, etc. Bought several of the LDS starter kits-those are food for 1 person for one month —made it easy to figure how many we needed. I hope that my kids will inherit it all-meaning-things don’t get bad enough that we have to use it.
Medium and short term, we bought items that we use all the time, as they were on sale. And when we use something it goes on a list for replacement, when the next good price comes along. So we would buy a case of whatever-12 cans, also makes planning easier. One case is once a month. Want to eat something once a week-for a year, takes about 4 cases.
So a case each of Tuna, Salmon, Clams, and Shrimp-allows for a different fish or seafood casserole or chowder once a week for a month for the year. (There’s only 2 of us), but we get a little extra in case our kids should happen to come back home for an extended period.
I also learned to grow a lot of my own food. I have several hardtimes garden plans which allow all the nutrients a person would need, and set about learning to grow those items, and how to preserve them. We also planted some fruit trees, and berry bushes.
We already had some nut trees that just happened to be on the property when we bought it. Black Walnut and butternut produces more than we can use. Also a lovely persimmon tree that we like to visit each morning in the fall for a breakfast treat.
So in addition to water bath canning, which I already had done quite a lot, I learned to use the pressure canner, dehydrator, and fermentation methods. One especially good thing was learning to pressure can meats.
Buy about 10 lbs of meat or chickens on sale, and can some beef in pints—it makes it very tender and easy to eat. Can half a chicken in each qt. jar bones and all. All of this can be eaten from the jar if necessary, but also makes a lot of quick casseroles or soup-fast food that is healthier.
OpSec-won’t discuss security stuff-did study and do what we thought we’d need to do.
And we ordered previously canned foods such as dak hams and chicken breasts, and chili for dip recipes. We have butter and yeast stocked and in the freezer-figure that will last about 2 years. Have read about how to make sourdough starter without yeast in case we don’t have any.
I consider food and necessities that will store as an investment that will be worth more when/if a big inflation hits again. And with gas prices rising-that always hits food-so get it NOW if ya haven’t already done it.
And consider how you can cook if certain modern things aren’t available. So we have a fireplace, fire pit, BBQ grill, Coleman camp stove, Rocket stove, Sterno Stove, and Solar Oven(which I need to spend some more time learning to use). And don’t forget water storage and access.
And I consider paying off debt as an investment too— worth 12-17% or whatever your current rate is. Remember when Prime Rate was 19%?—I sure do remember it.
I read a book on International Finance, and the guy asked some of the rich European Families, how they had survived through generations of financial woes.
The answer was weird somewhat, Art, Gold, and Land. When the enemy army was known to be coming, They took the pictures out of the frames, and rolled them up to take with them.
They took the deeds for the land and secreted it on their person, as well as the gold in various money belts. Hitched up the horse and buggy or car in later years, and off they went to somewhere else.
When things were over and normality returned, so did they-claimed their property, reframed the pictures, used some gold to buy furniture if needed etc. and went back to work on the estate—whatever business that might have been.
So that’s just a few of my thoughts—my 2 cents which is worth at least 98% less than it used to be.
If I were rich, I would armor plate the house.
Scenes from Dr. Zhivago and Schindler's List come to mind.
That is assuming they will raise payrates to match the hyperinflation. What if the cost of everything gets so high that you don’t have the dollars to pay off your land, even at the lower interest rates you financed it with?
What happens if prices go sky high but they don’t inflate the currency and goods simply become scarce?
I think we are facing a time where old assumptions about economics are going out the window!
A lot of cities,suburbs, and exurb subdivisions on the east coast have tons of geese that just hang out all year round and never migrate and deer that roam thru neighbor hoods like nothing will ever harm them.
To me it’s a sign that God is prepared to feed his people in a time of collapse.
I have had people misunderstand this so I want to be plain, I am not talking about being a community leader like some sort post apocalyptic novel. I mean you have to join with people who will give a damn if you live or die.
Family, church, neighborhood, club, does not matter.
I spent a lot of years overseas and one thing that held true in every country was expats stuck together. You needed something and someone would see you got it. We were strangers in hostile territory. No one was coming to rescue us if it went sideways. So we looked out for each other. We were not all angels but were a community.
Weave your own safety net or drown in the coming storm.
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