Posted on 12/27/2013 5:44:30 AM PST by SeekAndFind
Since November, financial advisor David Marotta has been publishing a series of blog posts on how to manage your money in the event of a financial apocalypse—as in a world of hyperinflation, governmental collapse, and anarachic mobs. You know, the standard stuff of a doomsday prepper's fever dreams. While Marotta admits he has some fears about the direction of the country (the man's not an Obamacare fan, to say the least) most of it seems to be fairly tongue-in-cheek material aimed at talking potential clients down from investing in some of the crazy, survivalist scams advertised on conservative talk radio. (Sadly, The Washington Examiner seems to have missed the humor).
And the first scam on his agenda? Plowing all your money into gold, of course. Here's his biblically inflected explanation of why toting around a suitcase of gold come the end times—and at today's prices, a $1 million in gold coins would fit in a suitcase—would be a suboptimal strategy:
If there really is a collapse of the money supply it is difficult to believe that your briefcase of pretty coins will still have any purchasing power near $1 million. In the 1970s, Christian singer Larry Norman made popular the Apocalyptic song lyric, “A piece of bread could buy a bag of gold” based on Revelation 6:6. In The End, I’d rather not have bought as much gold as possible.
(Excerpt) Read more at theatlantic.com ...
The movie you mentioned was “The Day After”.
I was in high school when it came out, and remember alot of parental debate on whether it was “too heavy” for us kiddies to watch.
By today’s standards, it seems pretty tame.
Hardly large enough to begin to contain 350 million citizens with over 100 million firearms.
Logistics. Maybe the government can contain some cities for a little while. They certainly don't have enough people to go door-to-door over the entire armed nation.
/johnny
Really?
You really believe that the majority of all the DMV clerks, all of the government office workers who spend their 'work days' hiding, online, or shopping are going to strap up, fall into platoon formations like a Sergei Eisenstat Stalinist movie?
You mean that stash of Bitcoins I am sitting on for when TSHTF won’t work???
Dang!
I’m tempted to respond, but there is a real reason I can’t.
Hardly large enough to begin to contain 350 million citizens with over 100 million firearms.
Logistics. Maybe the government can contain some cities for a little while. They certainly don’t have enough people to go door-to-door over the entire armed nation.
Old Sarge is a good guy don’t get me wrong, but he even claims my stash of Bennie Babies won’t be wroth anything! I mean come on and be real!! ;-)
It was a rhetorical question. Didn’t anticipate a response. However your reply is cryptic. Pray tell why you are tempted.
If they were chocolate beanie babies... you might be on to something.
It won’t be DMV clerks. But now that I understand the reason for your post, I understand that you already knew that. :-)
You are a hypocrite and won’t answer a simple question. You do not have the mental capacity to survive a SHTF scenario, you FAIL.
Calm down.
Kart’s done a lot more to help the prepper community on here than anyone else I know of.
If Kart is advising to not have any hard currency, then he is doing them a disservice.
From what I gather, he’s got the right view of gold in particular.
You only buy gold after you have prepared everything else in your life and need a vehicle of storing “excess” wealth until an economy recovers.
It has had negative value.
"Hoarding" gold could have gotten you jail time in the 1930's (although your local constabulary was more likely to simply confiscate it)...
I would think glass would be much better than plastic. Especially if storing/stashing for any length of time.
I’ve accumulated about a hundred tins of pipe tobacco, and a couple of pounds of bulk tobacco.
One of the things he emphasized was valuable talents. Those can't be taken away. One talent was the ability to fix things ie; being a tinkerer.
If anyone thinks they will be able to pay for food with a gold eagle coin, they will be looked at like they had a hole in their head which they will probably acquire on the way home.
Let him rant. Reminds me of the Twilight Zone Episode:
The Rip Van Winkle Caper
http://www.hulu.com/watch/440879
or the movie:
The Treasure of the Sierra Madre
Besides I been ranted at by the best, been promised a bullet for my trouble more than once.
What I like about Bugle-Boy is it comes with cigarette papers.
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