Posted on 03/10/2021 4:30:33 AM PST by MeneMeneTekelUpharsin
Folks...it is becoming apparent that the Democrats are pursuing policies that are going to collapse our economy. They are also taking steps to make sure they never leave power. What is a person to do? We have the examples of Argentina and Venezuela clearly before us. Anyone have some helpful ideas? Ferfal of Argentina has a blog spot and wrote a book, but information from our situation here would be helpful.
“Gold coins.”
How so? Physical gold is a horrible investment and is not a hedge against anything. In addition to the cost of gold coins, there are buy and sell commissions (disguised as the bid-ask spread), which can be as high as 40%, storage fees, and most significantly, the 28% capital gains on gold coins held for more than a year. Only a fool would buy physical gold as an investment. Indeed, if gold is such a great investment, then why are there so many talk-radio and TV charlatans who advertise to sell their gold instead of asking to buy your gold?
The last time we had hyperinflation was back in the Jimmy Carter years when you could buy 30 year treasuries with a yield of 10% or higher and 10 year jumbo CDs paid 14% or more. As inflation deflated during the Reagan years and beyond, the face value of high interest bonds and CDs increased proportionately. Most significantly, the interest from treasury bonds is tax free at the state and local level and municipal bonds are tax free at the federal level and in many states, at the local level.
Get an old pickup brown, green or natural colored truck made before GPS tracking installation and ripe out the radio. Tape mirrors and windows to prevent glare; kill lights at night. Get a battery operated radio and a hand crank powered radio. Two or three 5 gallon fuel containers and fuel stabilizer. Camie spray paint for your car or vehicle if you can’t get an old for the specific purpose to paint when you bug out.
Keep a small emergency backpack with two changers of socks, underwear, gloves, medications, 4-6 bottles of 12 oz water. Grab bad and hit road.
Make a list of accounts, doctors, passwords and other useful information - keep it updated, in paper copy and USB thumb drive.
Pre-position some supplies underground outside away from your house near bushes or other cover to prevent detection or on public land.
Seeds, fertilizer, paper products, canned meats, motor oil, lumber to board up windows, 2x4s to brace doors, 20 lb bags of rice, beans, bullets, trip wires w/primers, 4-5” nails for clubs, water filtration filters/purification tablets, cooking tablets, Grain wiskey, vodka, gin, ultralight tent, sleeping bag, backpack, bullets.
Salt, sugar, baking soda (brush teeth too), baking materials and pack with food saver.
Food Saver and bagging rolls, air removal packets.
Bullets of any caliber 500 rds per weapon each; extra ammo of any caliber to exchange
Whiskeys/Alcohol, bullets for trading.
First aid supplies.
Learn to use a pocket knife.
Learn First Aid
Learn to cook with alcohol, wood, fuel tabs.
Learn to purify water w/filters.
Ponchos for collecting water from condensation or rain into buckets
Sewing kits
Rope
Gold, silver for future
Shotgun, pistol, rifle, night vision device.
yep to everything you said
Agree.
Great list.
Debt. Borrow to the hilt and pay it off in two hours wages. Its a gamble, but what isn’t?
Debt. Borrow to the hilt and pay it off in two hours wages. Its a gamble, but what isn’t?
A lot of good discussion on this thread.
“Real gold is always good, but may be seized when things get really bad, so it’s best to hide at least some of it.”
Gold ownership by individuals was made illegal during the Great Depression. I read recently that FDR did that with just an EO!
“Land holdings should be good, but that assumes that the government won’t either seize the land outright or perhaps find a bug that needs national protection on that land.”
One of my grandparent’s bought their home during that time by just paying the back taxes. The other bought a small farm at a Sheriff’s sale. Banks were closed during the bank holiday but they still performed foreclosures.
As my father used to say, the government does what it wants.
Wow....lots of work (love) went into that handcart.
I'm OK with it. If the people printing the money can't pay me back we have much bigger problems than inflation and society will have collapsed.
Long term FIXED RATE loan...
What good would ‘lead and brass’ be unless you were planning on stealing what other people have? We’re talking hyperinflation here - not war.
I don't but I been told
It's hard to run with the weight of gold
On the other hand, I've heard it said
It's just about as hard with the weight of lead
Gold wedding rings can be used as a form of exchange. But gold bars? Not when it’s all falling apart - but for ‘later’ they can be nice.
Damn, didn’t know that. Thanks.
Bullets would be very valuable in a barter economy, which is what would happen during hyper inflation. The self defense value is also a plus.
Damn, didn’t know that. Thanks.
Look at current supplies: “lead and brass” are selling out as fast as rounds can be manufactured. Value per round is about $1, a convenient financial size, and usually sold in boxes of 20-1000 (again, convenient financial value per package). They’re a standard size (maybe 20 popular calibers, easily traded), last indefinitely, and have intrinsic value. As hyperinflation hits, fiat currency cost per each will remain at least on par, additionally increasing in value as intrinsic demand increases.
Contrast with gold, which at >$1000/oz is almost too valuable for mundane use (try buying a bag of flour with it from a neighbor, vs a couple rounds of .308).
Having ammo doesn’t inherently mean intent to steal/kill. It’s a popular robust commodity which would prove commonly useful in retaining & trading value.
Most don’t know how to evaluate gold as currency. Ammo is ~$1/round (.22LR about a quarter, .50BMG five-ten bucks). Anyone with a gun will know what ammo is worth to them. Trade in popular caliber is easy; I may not have .45ACP guns, but have (and will accept) a few boxes anyway to trade for 9mm or 5.56. Half the population has guns, and I have tradable ammo usable in half of those. Swapping a box of 9mm for 50 lbs flour, or selling that box for currency to quickly buy flour with, is easy to arrange; far less easy with gold.
That’s one reason I advocate EVs: you can power them from numerous sources. Gas cars need ... gas.
Tesla Cybertruck will likely have an option for solar pickup bed cover, generating a few miles of range daily by just sitting there - great in a major crisis.
Exactly so. Even a perfect area with lots of game on hand will be cleared out quicker than one would believe.
Where there is feed and water and meat on the hoof there will 100 times as many hunters as usual.
As at your favorite firearm, ammo and reloading store, for instance lol.
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