Posted on 12/05/2020 5:18:14 AM PST by SteveH
any thoughts?
i am thinking
* payoff mortgage immediately
* divest from all stocks, mutual funds, bonds 50% now, 25% next week if bad news continues
* move into precious metals now, 50% from cash in bank now, 25% next week if bad news continues
* pay off any mortgage (if overall finances allow, eg, if mortgage currently being used as income tax dodge)
* (current blue state residents) prepare for possibility of a need to leave home with very little advance notice, travel to nearest solid red state - have or buy a decent auto, preferably 4x4 truck. plan the route now, memorize it
(anyone considering going to mexico? canada?)
(i would love to be wrong about a need to do all of this.)
thoughts welcome
Cash is King.
Don’t pay off anything.
Why divest when you can profit off the enemy?
Even if Trump overturns the election, the market is solid.
That said, if there is a dramatic coup-like outbreak (violence or military), the market will dive until it can assess the situation.
Mercury dimes........
It is nothing short of International Fascism and Communism.
We can be sure of one thing: all of the safety nets and financial avenues you mentioned have also been considered by the globalists - and they have a plan to confiscate our wealth and stamp out our freedom.
> Cash is King.
Mostly agree. The dollar will not fare well in a civil war. Gold and Silver coin might not be a bad idea. But I guess that’s a form of cash too.
What's coming could be an election overturn by Trump. Positive all round except for Antifa/BLM violence.
Could be a slow transition to tyranny during a Biden/Heels Up administration...with counterrevolution forming gradually.
Or there could be a hammer drop by China as it consolidates its position in the U.S. all at once.
Be careful about buying gold and silver. if you buy it from the TV advertisers, They will take 50% of the value when you try to sell it back to them in all sorts of fees. Never let them ‘store’ your gold and silver. Always take possession if you are hell bent on owning it. If you want to buy gold and silver, go to a local reliable dealer (yes sometimes even associated with pawn shops), but get their price UP FRONT, before you give them a nickle. Most will require cash to buy it. The problem you find out is that if things go to the crapper, then who are you going to sell that gold and silver to? That is my actual experience. BE CAREFUL! You can’t eat or drink gold and silver.
Canada or Mexico!?!?
I would never abandon my country. That’s just me, I guess.
You will run out of gas in Indian country. Good luck.
I definitely wouldn’t be paying massive loans off. See other replies.
Find and purchase ammo, and appropriate vehicles for delivering that ammo down range, if you haven’t already.
Otherwise, there’s no way to “plan” for any of this. I guess if you’re in a city, get out of there, but that’s always been good advice.
It is hard to know how cash will do.
As most commerce is now done electronically, there is a severe paper cash shortage in the United States.
If E-commerce becomes unreliable, cash could indeed become king.
People are used to cash. They are not used to gold or silver.
Try actually purchasing something with gold or silver.
It is very difficult, people are very suspicious.
The real world experience in the United States is gold and silver are not nearly as liquid as the gold and silver bugs claim.
I need advice here: I do not think Canada will allow US citizens in. Mexico is too violent and dangerous. Is there any country that would provide a safe haven if America should become so violent that escape is the only option?
If you area Democrat loving socialist POS & you live in a RED STATE — leave — you won’t be safe... if you live in a BLUE state - stay in place with your own kind — we don’ need leftist ideas spreading... the US is infected with leftism and it needs to be flushed out of the nation!
“Mostly agree. The dollar will not fare well in a civil war. Gold and Silver coin might not be a bad idea. But I guess that’s a form of cash too.”
Yeah. And if they put Biden in, maybe we don’t pay bills . . . .
Everyone can advance the cause early by divesting from any leftist aligned businesses. It’s hard to completely extricate your finances from them, so get the lowest hanging fruit first: don’t ever click on enemy media, cut your cable, drop social media except Parler, look for any giveaway signs of enemy affiliation in small businesses and avoid. Also, look for easy product drops like Oreos, Gillette, etc etc.
Does anyone know of a good product ranking list for ethical spending?
How is it possible to invest in precious metals without getting ripped off? Tea Party minded broadcasters have been advertizing that stuff for over a decade but it looked like a good way to lose your money to me. Any serious advice welcome.
The U.S. will be the last superpower to fall. The world is now China's oyster. There is no where to run...so, if Biden moves to the WH, we will have to form the counterrevolution and fight.
bitcoin > gold
How violent do you think it will be and rather than ask who is going to take the first shot, ask who is going to follow him?
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