Y’should’a canned a TON of stuff from last years’ garden.
Buy gold! It has never collapsed.
“How do I prepare?”
Matthew to Revelation.
Well...no pun intended...your life only lasts a few days longer than your water supply.
Pray for the Grace and Strength of Faith to endure the coming chastisements.
Invest your stimulus check in lotto tickets?
Invest in popcorn futures.
The government seems to think that creating money will lead to a recovery. It will lead to a loss of purchasing power of the dollar, causing the numbers (GDP, DOW, NASDAC, etc) to go up, thus creating the illusion of recovery.
Prices will be going up while the “economic indicators” go up too, but very few will see what should be obvious, that the rise is due to inflation. Will the public be smart enough to see the correlation? Silly question. Surely you jest.
I’m diversified. I have .223, 7.62x39, .308, 7.62x54R, ...
Gold.
What does "drop their holdings" actually mean?
It means: Selling their holdings (i.e., DEBT) to someone else. That counter-party must be willing to buy that debt.
Money is not destroyed in that way - it simply changes hands.
Regards,
This makes absolutely NO sense.
If a currency is destined to "crash," the most-stupid move one could make would be to first shed all of one's debt.
If I owe, say, $100,000 (in the form of, e.g., a fixed-rate mortgage) on Jan. 1, and then the dollar crashes, so that a loaf of bread now costs $10,000, why wouldn't I eagerly look forward to selling ten loaves of bread that I have baked in order to pay off my mortgage?
The truth is, of course, actually more complicated - but that is the gist of my argument.
Regards,
If you believe systemic collapse is coming, the most logical thing might be - Get in to debt now! Especially if it is for productive assets.
systemic collapse means your creditor might disappear. Or It may mean debt jubilees, Or If government’s response is money printing and hyperinflation (remember, government is the biggest debtor of all) then you can pay back your debts in a worthless currency.
In Weimar Germany’s hyperinflation, farmers and land-owners did just fine, and smart businessmen and political cronies who knew what was happening built massive empires buying cheap assets. Look up Hugo Stinnes
Prep is never a bad idea.
If a monetary/social collapse happens, all the prep in the world will buy you a few weeks at best unless you live in a secluded rural area, where you could last for quite some time. The first order of business for real prep is a self-sufficient bugout spot that is way out in the sticks.
If you are in a populated area, you and your gang will be under siege by other larger roving gangs who will wipe you out pretty quickly. Fixed and easily reachable positions won’t survive long under assault.
The good news is, such a collapse is not likely, imho.
My prognosticators are in agreement, yes it will happen, and begins the March to April window.
Consider platinum and buy any amount, grams, small bullion coins or ounces if you can. It is behind gold silver and palladium. I believe it’s going to skyrocket like palladium did the last couple years. Silver American eagles or Canadian maple leaves will be a good barter currency. More easily traded and less dangerous to walk around with than gold in a societal melt down.
If the economy collapses I can’t see some banker and a sheriff coming to repossess my house in the near future, both of those people will have much larger fish to fry than kicking me to the curb.
If your trust is not first and above all in the God of Israel, you’re leaning on rubber crutches.
How do you prepare? How big is your mattress?