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
Best response about the market on the thread. The Fed's policy will drive the market up, even if the steal works. Biden won't ruin the economy for at least six to twelve months, so it will continue even then.
If Trump succeeds in his rightful win, everything will go even higher.
The only wild card is if Trump wins, and the left's violence shuts things down. If it gets rolled up by the authorities, it'll be fine. If the rats allow the violence, and keep shutting things down, there will be a major pull back.
I intend to watch this carefully, but would counsel not to pull out at this point. It's going to be a bull market unless violence goes unchecked if Trump wins his case.
If Biden succeeds in the steal, slowly divest, because he will eventually ruin it all. He can't ruin it for many months.
Fed policy is the tell. Zero interest rates means nowhere else to make money outside the market, or owning a stable and profitable business.
In the types of scenarios people are discussing where there is civil war then yes. In the types of scenarios where there is no US then Alaska is the first to be lost. No power is going to allow that much wealth to sit unclaimed for long and there isnt anyone there to defend it.
Yes. And if America is worth fighting and dying for, it is certainly worth working hard for with a laser focus, and, as you say, that is our primary responsibility now.
I have sent affidavits. Of course I will do more.
In a time of enormous crisis--such as this--good people must focus intellect and benevolence on the solution. Now is no time for folly. We need American no-how and genius now as never before.
We needed them during the World Wars, but then the American People were united against a foreign enemy.
Today's crisis is worse in a way because approximately half of the American population is a fifth column in alliance with America's foreign enemies, who are determined to destroy the USA and because much of America's intelligentsia has succumbed to the decadence of Western Civilisation.
Honest, benevolent Americans need all the brain power we can muster to solve this problem! And this is no time for crazy distractions and bluster!
I had to drag my Fidelity reps into such a move. They actually got a little testy and sent me some sketchy data showing USA economy doing better under dem administrations. I had to order them to move 50% of my managed acct stocks to bonds and money market.
That was an unnerving set of discussions.
I would never abandon my country.
Its not your country anymore.
If the time ever comes that I have to leave, I’m bugging out to Belize. Small government, English speaking, temperate climate, and they produce more food than they consume.
btw how old is too old to fight?
i think the definition of the unorganized militia is every able bodied male between 17 and 45 years old.
so... retirees and females don’t have to worry about active duty during a civil war?
and of the younger men these days, a significant fraction seem to be (sorry to say) soi boys... i guess from a certain perspective this might be a silver lining... the first civil war was fought by farmer turned infantry and cavalry, and they seemed to be fairly tough soldiers. now farming is 10% or less of the population whereas back then it was a much higher percentage (i will not write it only because i should research it and do not have the time right now).
Oh - I bought GOLD .... Gold Dot ammo and 1000’s of rds of it... I’m well invested in brass right now... !!!
That’s what happened here — WASH DC types left the city and came out to the rural areas - small town WalMarts and loaded up ... they brought COVID with them as well...
That is exactly what will happen... Walking Dead people!
> I have been to Mexico. I loved it. I loved the Mexican People. They tend to be beautifully mannered and kind, friendly, and family oriented. I lived in New Mexico for a while. I loved the Mexican People I knew there. Some, with whom I discussed politics, agreed with me entirely.
my experience also. thanks for sharing.
I’ve bought from APMEX for years. I trust them.
https://www.politico.com/2020-election/results/north-carolina/
I know this is a link to Politico.com, but it's well organized information for those that might be considering a state or county move...as we are. We're in Mecklenburg County where Trump only took 31.7%. Because of local family plus tax reasons, we're looking at other NC counties that voted more in the 65%-80% range for Trump. Of course, we're also considering West Virginia which is staunchly Conservative, loves guns and overall voted Trump 69%/Biden 30%. Would lose a major tax deduction, but would still be close to family in NC.
Thank you for starting this thread. I have to say...we're processing the same thoughts as you. It's just tough when we realize...the USA was the last country to escape to.
I just finished a review of Starlink and its amazing. Its going to wipe out Comcast and ATT. 2 foot diameter dish and it gets super fast, low-latency broadband connection and is similar in price.
Super impressed. It should have a roll-out mid 2021.
> My Morgan Stanley guy won’t.
Same problem with my advisor (fidelity). stays politically neutral, not that i could blame him considering that staying politically neutral is probably some kind of job requirement.
a bank based Morgan Stanley advisor wanted my account. however, it was something like a guaranteed 6% or more but with a load of something like 2%. i considered it but decided i could do as well or better on my own (as spotty as i had been doing up until that time).
there was a guaranteed return CD that i went for, but i limited my participation in it to about 1% of my equity.
a problem of guaranteed return instruments is what happens when TSHTF. how does one get one’s investment back, when there is no USPS, bank, telephone and internet service?
that reminds me, i wonder if i should pull that CD early.
By all means, invest in precious metals.
Copper plated lead, brass and tubular steel.
A storm is coming.
Them hopefully my widow will sell out everything and she may eventually go beck to Cambodia where she left to find freedom.
Sad to think that her old country would be more free than the USA.
She tells me that the people of Cambodia love Trump because he fights against China who bullie the countries of southeast Asia. Her relatives can’t believe this election is being stolen. Their perception of America has really gone downhill.
As an equities trader, I watch the market to see how it reacts to the political news as well as economic in hopes of making a profit on its movements.
So far at least, it seems impervious to political news...which is a little surprising. It doesn't seem to care who takes the WH.
Yet.
That said, market sentiment can turn on a dime.
“I would never abandon my country. That’s just me, I guess.”
What if your country abandons you?
The country you love doesn’t exist anymore. It’s been dead for several decades, and we on the right did precious little to save it.
One school of thought...
Why pay stuff off if there are historically low interest rates? The great reset is going to inflate away all debts.
Alaska has a population of only 700,000. About half of those people live in the “bush” or off the road system. The VAST majority of everything comes in from Tacoma, WA on ships. If the ships stop running, no one eats. This time of year, there is lots of moose meat walking around. Not much in the way of produce etc.....
If anyone knows of a website/forum/chat about the basic topic of this post, please DM me. Thanks.
IMHO part of the recent upturn is anticipation of another Stimulus. A combination of the influx of money and some dollar devaluation. If (please God) Trump wins the Dems will immediately say “we aren’t passing anything...ever” and the market will contract all of those gains & more. Soros & other deep pockets will short to add downward pressure.
A temporary downturn but it will add fuel to the anti-Trump fire.
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