Posted on 03/09/2014 4:46:47 PM PDT by Kartographer
It’s no secret that the U.S. government is in serious fiscal trouble. So much so that our Treasury Secretary recently noted that should the debt ceiling fail to be increased, the fall-out would be “catastrophic” and last for generations.
Given that sobering report, consider that everything in America, from food to fuel, is subsidized in one way or another. Those subsidies are being paid with ever-increasing debt. It is inevitable that at some point the world’s reserve currency, the US dollar, will be wiped out. The trigger for such an event is irrelevant. What is relevant, is how average Americans will be affected when that day comes.
(Excerpt) Read more at shtfplan.com ...
“My wife tells me she bought some last year and they dried out. How would you keep them moist? In a sealed container?”
Were they the Equate Wipes or some other brand? They are supposed to stay sealed until used.
Mine have been stored for months, maybe a year actually, and tomorrow (actually that would be today as it’s past midnight here), I’ll check mine and see if the wetness is still there. If it isn’t, I won’t freak out because I can add the wetness when I would use one in an emergency situation. I’d probably put water in a spray bottle so I could make one wet easily. (Note to self: buy another spray bottle.)
There’s probably no diplomatic way of saying this, so I’ll just say it, because some others may be wondering the same thing.
It’s troubling to not know how to objectively sort out these types of warnings because the sources may have vested interests. Or they may not. And people become jaded with repeated episodes of a boy crying wolf. Not all of the predictions of runaway inflation or other economic horrors come from people selling something, but a lot do. Same with other dire predictions. I heard these predictions of hyperinflation on Glenn Beck 2 or 3 years ago. He had it from a reliable source(which of course he couldn’t name) that it was “right around the corner.” Still hasn’t happened. I realize that being prepared to a certain extent is good in case of natural disasters, severe weather, etc. But you can see why people might be skeptical.
Sorry but that does not jive with reality. In every SHTF scenario (real-life, not imagined) people who had a store of gold off were much better off than those without.
Look no further than recent events in Argentina when their currency plummeted.
Why are you giving me the exception rather than the rule?
Some drowned trying to save their gold? Perhaps one or two did, but tens of millions did not.
Sorry but that was a ludicrous post.
If those women had gold, guess what, they would not have been selling their bodies for food.
Yes, via their authorized e-filing services.
I never said it was an either or situation. In fact, I said the opposite. Others here are saying it was either or and you implied that too.
They won't bother "calling it in" since they don't know the number. But they will make it illegal to sell or trade except to the governbent. But here's the thing, the rest of the world is going to reject US dollars and will ask for gold. Therefore there will be middlemen who will risk profits and possibly their lives to get your gold to people who want and goods in return. Probably several layers of middlemen. No, you won't get the world spot price for your gold, but you will get a decent price.
my prior comment applies to you too. If you believe the whole world is going to go third world then you would be correct. But it is not and you are not. There will be pockets of supreme luxury even in this country and they will buy your gold (as a suitable discount of course).
If the govt also makes guns illegal during a SHTF, I can assume that you are going to turn your in then?
You didn’t even read the Selco links. You are so wrapped around your gold fetish that you’ll never stop parroting the sales pitches.
You’re pathetic. Welcome to The List.
Conventional wisdom says that gold is a completely useless investment, a “barbarous relic” from a primitive and bygone age. It serves no financial purpose whatsoever.
I have some sympathy with that point of view.
But, there again, try telling that to someone in Buenos Aires.
I notice that the latest financial crisis in Argentina, and the collapse of its national currency, the peso, has sparked a new bull market in gold down south.
Any Argentine with some bullion buried in his backyard has seen its value rocket 25% this month alone in terms of pesos, according to data from FactSet. An ounce of bullion will now buy 10,000 pesos, a record high. That’s compared with fewer than 8,000 a month ago. Gold is proving to be a very good safe haven in the crisis.
And this, I should add, is using the “official” exchange rate for pesos. According to Reuters, in the back streets of Buenos Aires the national currency is now changing hands into foreign currency for as little as 60% of the official rate.
In the past five years, the value of gold has trebled when measured in pesos—again, using the official figures. In the black market it has risen further.
Many economists say inflation is now running at 25% a year in Argentina. According to the Troubled Currencies Project, a joint venture of the libertarian Cato Institute in Washington, D.C., and Johns Hopkins University, the real inflation rate is as high as 74%.
http://www.marketwatch.com/story/crisis-in-argentina-sparks-new-gold-rush-2014-01-29?siteid=yhoof2
The is no less absurd for the number of times it is repeated.
Money systems collapse all the time. Richmond 1865, Berlin 1923 AND 1945, Tokyo 1945, Moscow 1991, and so on, and so on.
Each of these was up and running in less than 5 years (NOT "generations").
And, in our case, the collapse of the monetary system will also cause the fall of a corrupt and, effectively illegal regime. Its replacement with a constitutional government will speed recovery.
My prior comment was to you. I gave you a real world SHTF example and you didn’t like it. I could go on and give you more, but it wouldn’t matter would it? I’d be wasting my time and you would just get angrier than you are already.
So as the ‘Duke’ would say “I generally let a man do what he wants to do.”
I am very sorry because i have to destroy some popular opinions on some things, but i just have to do that. When i said and keep saying “no rules” i mean that. You can not have something like ideal preparations, you can only try to have it (and then hungry man down the road still might shoot you with his antique hunting rifle for a bit of flour). survival fear
So again on bartering and gold and silver:
No, gold and silver was not like second money, or second value during SHTF, it was not even worth like in normal times, and in most of the cases it was dangerous to have it a lot (actually it was too dangerous to have anything in great amounts and let other people to know that) If you had for example 1000 gold coins, and let s say that one coin worth 150 USD in normal times, you could think that you are rich in shtf.
http://shtfschool.com/trading/on-buying-gold-silver-for-survival-preparedness/
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