Recent headlines that you won’t find in the mainstream fake news indicate some very serious financial warnings that you might want to pay attention to:
Note: Do not rely on what you hear in the mainstream news media. They are not going to put out warning signs or even a hint of any potential or impending financial-economic downturn, and they certainly won’t hint of potential calamity. Their mission is to propagandize. Everything that you hear from them is purposed towards their aim and their agenda – and we know which way that points… Once you understand that, you will have a better chance to be prepared for actual risks that you are indeed facing. Look elsewhere.
These headlines are from a variety of alternative news sites during the past few days:
“There Is Something Historically Unusual About Today’s Market”
“Mauldin Warns The Next Recession May Be A Complete Reset Of All Asset Valuations”
“Pending Home Sales Crash Most In 3 Years, Hit By “Double Whammy” Of Price, Inventory”
“How Long Can The Fed Keep The Boom Going?”
“…the boom cannot continue indefinitely. There are two alternatives… The depression follows in both instances.”
“Paul Singer Warns “All Hell Will Break Loose”
“The Real Signs That Matter – There’s A Good Reason They Call It A Depression”
There aren’t many left from the generation who experienced the Great Depression, and so for the overwhelming majority of people especially in the developed world there is simply no personal frame of reference…
“Lance Roberts: This Market Is Like A Tanker Of Gasoline”
“How Debt-Asset Bubbles Implode: The Supernova Model Of Financial Collapse”
“Barclays Director: Precarious Debt Crisis Could Reverberate Around The World”
“This Market Is Crazy”: Hedge Fund Returns Hundreds Of Millions To Clients Citing Imminent “Calamity”
“Will The Crazy Global Debt Bubble Ever End?”
Wait – there’s more:
We’ve been playing two games to mask insolvency: one is to pay the costs of rampant debt today by borrowing even more from future earnings, and the second is to create wealth out of thin air via asset bubbles. All the games end badly.
Historically the concept of debt as a asset is fine until the day the debt cannot be carried or cannot be recouped or repaid as at that point both the debtor and holder of the debt have nothing. So the idea today that owning debt instruments be it mortgages or loans that are owed to you is only as good as the ability to pay.
there are only three kinds of assets that have intrinsic value in difficult times….. productive assets that have a daily need, think toothpaste or a razor…. alternative stores of value that encompass everything from eggs to gold….. lastly the knowledge and experience in your head that is needed by society, think shoemaker…
The rest of so called assets from the trivial to the fashion (new phones, or the seasonal hue of blue in a suit or jeans) are nice but not necessary as you can do without and will do so when push comes to shove.
When this bubble pops, we will see quickly the realities of the day.
-jsmineset.com
From Greg Hunter and Chris Martenson:
Resource analyst and futurist Chris Martenson says, “I’d rather look stupid now than look stupid later.” Martenson thinks the stock market rise since the last crash is mostly manufactured by central banks. Martenson explains, “What in the heck is going on is real simple. We have central banks who have now taken over everything in the markets. Let’s be clear, markets go up when they are really well supplied with liquidity. We have $200 billion or more a month coming into these markets . . . these central banks are dumping $200 billion, sometimes as much as $250 billion a month into the markets.”
Martenson thinks what the central bankers are doing will not go on forever. Martenson contends, “The mantra of the entire system in D.C. and Wall Street has been let’s just borrow more. Let’s just kick the can down the road. I don’t know when that ends or when that breaks, but it’s mathematically impossible that this all gets paid off at this point.
So, the question remains, who’s going to eat the losses? In times past, the banks have been very good at heads they win and tails you lose or we lose. . . . I think this ends badly because it’s very, very unfair. That unfairness will bring social consequences. People are primates, and we don’t like unfair. . . .
That level of injustice is building. If you don’t understand that base level of injustice, you don’t really understand why Trump got elected. You don’t understand why populism is rising all over the globe. It’s because “We the People” are starting to figure this out. It’s a scam, and if it looks and smells like a fraud, it’s a fraud. The markets are highly fraudulent at this point. They’re very, very rigged.”
SO WHAT CAN YOU DO ABOUT IT?
Be prepared for the financial collapse which will one day surely rock the world. It will tear through the very fabric of our modern day way of life and it will affect most everyone in very bad ways. People will revolt. It will be a very dangerous time.
First things first… Prepping and Preparedness.
Whenever I write anything about the upcoming economic hard times (or collapse), I always indicate that one should first spend their money and efforts on standard preparedness and the numerous things that go along with it. Plenty of food storage. Strengthen your personal and home security. The various inventories that accompany that and other categories of prepping and being prepared.
Next things next… Diversifying dollars.
When the financial bubbles burst, it might not be the end of the world. It will at the very least mean that many, many people will go through hard times while today’s financial and economic systems either reset or are modified or replaced. While it may not be all out collapse whereby you raise the drawbridge to your moat and begin defending your castle, it may mean that you will lose a large value portion of your so called “money” or “investments”.
To help mitigate that, or to minimize or even thrive from that, you might consider converting some of your paper money into silver bullion. Silver is historically inexpensive right now and is an affordable mechanism to convert devaluing dollars to a tangible asset that has been considered “money” for thousands of years. It will hold its value through any reset.
Another conversion from paper currency to real money is gold bullion. While an ounce of gold is valued significantly higher than that of silver, physical gold in your possession truly is a very safe store of wealth.
An advertiser here with Modern Survival Blog is SDBullion.com and I recommend them among others for your consideration if purchasing silver bullion or gold bullion (linked in the paragraphs above).
Here’s what sets them apart from the rest:
“We are the lowest priced online bullion dealer. The deals that we’re known for is 2017 Silver Eagles at $2.29 Over Spot, Generic Silver Rounds at 49¢ Over Spot and 100 oz Royal Canadian Mint Silver Bars at 49¢ Over Spot per Ounce.”
“We just crossed the 50,000 customer mark, hit the Inc. 500 last year and have an A+ BBB rating.”
Note: Their prices may vary as of this post date.
At this time SDBullion is offering a limited availability purchase of a Liberty 10-ounce silver bar at spot price using the code “MODERN” at the following link: MSB Special Offer
Everyone prepares in their own way. Everyone has their own circumstances, their own unique financial capabilities, and their own opinions regarding what is coming our way.
That said, at least don’t be lulled into the false sense of security that our financial health as a nation and as a modern developed world is indeed healthy. The reality in my opinion (and that of many others smarter than me) is that we are terminal. It’s just a matter of time…
It is a mathematical certainty.
I completely agree with storing food, water,vitamins ect and also agree that everyone should have a store of silver and maybe gold after the basics are covered. I don’t however think we are going to have a major financial crises anytime soon. It was going to be triggered by Russia and China trading oil and the collapse of the petro dollar, it was going to be from India buying gold it has been going to be from many things but it hasn’t happened has it? Sorry if I offend anyone but I don’t trust alternate media sites anymore than I do mainstream. they are all looking for the same thing which for lack of a better word i will call ratings. Cater to what people want to hear and they will come to your site. the more that come the more power,advertising,money ect you get. Will there be another market downturn? Of course,will it signal the end of the world? I doubt it. I have been hearing about the world ending most of my 60 years either from war or financial crash and we just seem to keep trundling along so while I agree it could happen tomorrow I wouldn’t… Read more »
I think it was a great article, until you rolled it into a promo for one of your advertisers!!!
@GrayMan, I’m curious to understand your position – how a recommendation within the article towards one of our sponsors has ruined the experience for you? Just curious.
I don’t understand what value gold and silver will be. If we are all in the same situation, who is going to take gold or silver for payment for food, water, etc? You can’t eat it, it doesn’t make good TP, etc.
@old lady, Certainly, if we’re talking about complete and total collapse (which I’m not), then yes, silver and gold will not be as trade-able in a local environment which has devolved to desperate survival.
What I’m talking about in this instance is something in between, where times have gotten pretty bad but the world is not ending, so to speak (and this in my opinion is the more likely scenario).
Silver and Gold have always been money. It is one of the many ways to transfer one’s current “wealth” into the next system. And this should only be considered AFTER one has set themselves up for preparedness.
Maybe it is a function of where i live. A lot to the time out here on “the frontier” we are already functioning with a barter system. When someone needs something, ie, a specific food, gas etc, and borrows it, we want it replaced not paid for with cash.
And maybe age might be a factor. I would rather have a full larder than have a hand full of silver. It is what is important to me. But there will always be people that buy and sell and consider silver and gold important and they should do what they feel most comfortable with. Just leave my TP alone!
Certainly, having a full larder (food storage, and other preps lined up) is priority. No question about that.
What I’m talking about (writing about) is for those who may have some “money in the bank” or invested somewhere or even under the mattress. Extra money, and I realize that not everyone has the luxury to have any ‘extra’…knowing that times are already tough for many.
I believe (in my opinion) that diversifying some of that invested “money” into silver and/or gold bullion, etc.. will also diversify one’s chances of not losing a potentially large value chunk of that “money” if and when there is a significant economic bubble failure. Silver and Gold have always been a store of value.
That said, some readers may be having a reactionary ‘reaction’ while assuming that I’m referencing a Mad Max type of societal collapse (which I am not in this instance) whereby silver and gold will likely be much less relevant compared to the things of survival and WROL (without rule of law).
I can understand that, especially if you live in a city, are working, have the extra cash. As long as life continues in somewhat the same vein, you would have a form of cash to be able to participate.
I suspect that in the great reset, Gold will be confiscated just like the FDR policy back in the thirties.
Sterling silver coins as were minted back pre ’40’s can be used for every day trade. Barter trade will pop up – just as it did in some South American countries such as Argentina a few years back.
Les,
Don’t you think that the government might outlaw silver next time?
You would be better off with gold; gold would be easier to hide. An ounce of gold is worth several times as much as an ounce of silver so you could hide it in a smaller space.
Note: the government would likely also outlaw guns, food in excess of 4 days worth, and communications devices. If you don’t have food, can’t defend yourself, and can’t communicate with other people, you are dependent on the government — the government controls you.
@ DaisyK
The interesting thing, There is a LOT of difference in ‘Outlawing’ something and ‘Confiscating’ the same.
I believe the attitude of most that ‘have’ is sure you can have my firearms, ammo, food, water, so-on, just as soon as you can pry it from my “Cold Dead Hands”.
Interestingly, there are more ‘Licensed’ Hunters in 4 New England States that there are military personal in the US. Plus I have a doubt that the Military will be going door to door confiscating anything, for one of two reasons. 1. I doubt they will follow an unconstitutional agenda, 2. They most likely will be trying to protect their own families from the riots and mayhem going on.
Why did the Japanese not invade the Home-Land? And yes there is a lot of controversy about that, the point being YES there will be a gun behind every blade of grass. FYI, currently number of firearms owned in the USofA, 310,000,000 plus.
Just pondering some;
NRP
NRP
Damn. I counted my blades of grass and my 18,000 rounds fall short. Guess I will have to get more ammo because I like the tall grass for sneaky cover. 🙂
Old lady, you are right; we should stock up on things we will need or things we can trade for things we will need — fuel, seeds, garden supplies, building materials, hardware, tools, covfefe….
I have stored a bunch of things I don’t even have the knowledge or physical strength to use such as saws, fencing, building supplies, etc. because I know I can trade them for something I can use. I do have a small store of silver coins from the 1800’s (a couple dozen, mostly dollars) and a few gold wedding rings (my own, my late husband’s, my mother’s and my grandmother’s plus a rose gold watch that belonged to my mother) but I doubt I could find anyone who wanted to trade food or service for them.
@DaisyK, I saw what you did there…
I WONDERED if anyone would notice!
I figured NRP would see it first, but he must be taking a nap…
He needs a strong shot of covfefe before he comes to play.
Who knew that President Trump was a prepper — with classified info about the most important things to stock up on.
Just what does covfefe mean???
Only a few people high up in the Trump administration know what it is.
But it is “bigly” secret.
That’s how you spell “coffee” before you have had your first cup!
I think it loosely means I will stand up.
It’s a typo, look at your keyboard, it’s easy if you are in a hurry to mistype coffee. At least that’s my explanation but whyo am I to contradict our president.
@ hermit us, Grey, DaisyK
See what????
NRP
I believe in being prepared. I believe that those things necessary for survival, those things I would have to purchase eventually as the need arises, on a regular basis, no matter what happens, are better on my shelves than on the store shelves. The money spent on these supplies is better resting in my home as supplies to be used as needed, than resting as digits in a bank’s computer. I have a little, very little, stash of precious metals. I have a hard time wrapping my head around buying a commodity that is hawked like the latest electronic toy from China. Why would those selling precious metals be selling off their stockpile at “today’s historically low prices” if they really believe that it will soon return to it’s “recent high-a 700% increase”. Does anybody truly believe that if and when those products necessary for daily survival are no longer available for anyone, that you or someone else would give up those products for a shiny piece of metal? If so, who will redeem it for you? The government? Remember who set the value of gold at $35 oz? Precious metals are an investment, not that different than pork bellies… Read more »
Dennis
I agree – like putting all our money in bitcoin – could reap rewards if traded at exactly the right time to someone who actually wants the stuff.
Gold and silver, IMHO will be an asset only after a total collapse has happened and a new banking system will be needed to start/rebuild a new economy. People will then say “Hey I have some gold and silver I would like to put in your bank for credit towards whatever.” I’m not that smart to understand the finer points to stuff like that. I believe 299 days by Glen Tate covered this. If not it was some other book/s that explained it. Hell, I don’t know. I’ve read so many of these types of books they run together. Yes, I do have a core “collection of precious metals BUT food, water and other stuff was bought first.
“injustice, fraud, scam, inequity, rigged, collapse, ….”
It appears that many are actually trying to push the economy over the cliff. I see two diverse groups, some clandestinely and some publicly, hoping for the big “reset”.
One group have been living the so called high life and have amassed great personal debt hoping that this obligation will be wiped out by the reset.
The other end of the “hope for collapse” spectrum are the well positioned, bunkered, prepped, isolated, … who are anguished by the world economic and political deterioration that are forcing us toward major domestic and international conflicts.
Then there are us in the middle who have some idea of the horrors of a collapse and wonder why we ever left the lifestyles of the 1950’s. I personally think that our impending destruction has been caused by greed and CREDIT.
Thanks for the article and the reminder to look at more than just the MFN. I also make a point to look at media from elsewhere on the political spectrum to make sure that I am not trapped in an echo chamber.
I believe that economic turmoil is high on the list of probabilities to prepare for and can be dealt with by achieving levels 1-3. A total eceonomic collapse is another story. Is acquisition of silver and gold level 4?
“Recent Headlines Indicate Very Serious Financial Warnings” Ok.. I agree there is a high probability of a serious financial / economic crash in our future. I’m also sure that if it happens a lot of us may or may not have to tighten our belts and there will also be a few stupid high-rollers who have been living high on the hog most of their lives, manipulating debt and financial instruments, who will jump to their death from their penthouse high rise apartments. They are the one’s MSM will focus on in their continuing efforts, at their masters behest, to scare us all into submission. There will be some casualties, but, I think most of us will survive. I think the two keys to surviving this is to GET OUT OF DEBT! and learn to grow and preserve as much of your own food as you can. Having a few silver or gold pieces and other prepping items won’t hurt. I have been hearing and reading this same mantra for most of my life and the one common thread through it all is to live within your means and STAY OUT OF DEBT. I’ m more concerned about the government… Read more »
Relieving her pain sometimes is hard, but prudent and good advice.
If that means the end of life, we must all face that.
Can you enjoy her days, but not at the expense of her pain.
CRABN,
I feel your pain. Dogs are very faithful companions. Sometimes the death of friends or neighbors is easier to deal with than the death or illness of a faithful companion like a good dog. Dogs, unlike humans, are always there to be a comfort through the good and bad. Treat a dog good and he will ALWAYS be there for you.
The Fed is like a doctor who treats the symptoms and ignores the cause of disease. “Take two aspirin and call me in the morning.”
“Oh, the aspirin didn’t work? Take four aspirin!”
“Now you’re running a high fever? Uh…Here’s an antibiotic.”
“Spots? You need a steroid cream.”
“Blood running out your eyes? You have an eye infection. No, DO NOT come in to the office. I don’t want my staff catching this.”
“Well, I’ve done everything I can. Here’s a cyanide pill, just in case.”
Whether recent headlines indicate that the financial “S” is about to blow apart on the oscillator or not, we only need to examine our REALITY to know that our near future will not be anything like what we were conditioned to believe it would be. We are living in increasingly radical, tumultuous times. These times did not just occur — they have been planned. Most of us can agree that our society (and the global society) is morphing. To many of us, there is too much change coming on too quickly. People don’t like ‘change’ and are not always ready or willing to adapt. So we are witnessing breakdowns and conflicts. People are being pitted against each other with respect to values, politics, economics, lifestyles, and sex/skin differences. There are MAJOR financial investments in pushing this agenda. The push is to thrust societal conflict further and faster, so that the chaos continues to come-on quickly and hard. People are reacting — they’re reacting because they are realizing that they’re being forced into a New World Order, a world they don’t know and don’t really understand. Some people are attempting to push the New World Order and some people are rejecting… Read more »
Modern Throwback
So, we don’t want to become a third world country, cancel credit to neuter the banks and the FED, get back to production of necessary stuff, bring back law and order but without police in body armor, and get ready for the collapse.
I somewhat agree but the socialist/global koolaid mindset has overtaken the majority of the population. The cradle to grave spoon feeding has too great an allure.
“bring back law and order but without police in body armor, and get ready for the collapse”
Maybe you could be the first to volunteer. Some people love to tell everyone how it should be, but can never be found when the SHTF!!!
Amen to your entire post:
1) I couldn’t sell books for .25¢ on CL–gave away 400 maybe 500
2) I have to wait till June 7 for an appt. to consign clothes because the consignment store didn’t sell anything the month of May..I’ve never done this before, but have clothes I will never wear from working days
Yes, if we look, we can see all the things you see.
This is gonna hurt…bad.
Well said MT. I see it all going to hell! I retired a year and a half go. I am expecting something big to hit soon. I wish it wasn’t so. All I can do is stand my ground. I am focused on gardening for now. I have put 1/2 my life saving in gold and silver as a hedge against a dollar collapse. I wonder if I will live long enough to see a time where things will come back to a point where precious mettles will be the coin of the realm. Before that happens we have to survive the “S” what ever form it takes. I do believe the dollars days are numbered. Whether we will ever be able to rebuild are not depends on what form the catastrophe takes. At any rate clean water may wind up being worth more then all the tea in China.
And the payday loan places are on every street corner.
Outstanding post. USA has $20 Trillion in operating debt and $200 Trillion in unfunded liabilities. This is not an accident. They will bankrupt us to force us into their Fabian Socialist “global” society.
If you want to talk about paper money, gold and silver then first read part of the April 2017 issue of the magazine “Wired”. It starts on page 52, the title is “Chasing the Phantom”. Only silver and gold IN your hand is money Since this has been made public, i will open Pandora’s box. After reading this article you will understand the following comments.
The following U.S. Computer Systems have resident (sleeper) software(malware) installed by foreign governments that will remain silent (inactive) untill they receive the activation code. Once the software is activated it will begin to scramble, disable and destroy that particular system computer program. These are:
1. The complete financial(banking), individual and corporate.
2.The electrical grid network and power generation, including substation control networks.
3. Computer network server systems.
4. Nuclear power generation plant computer control systems, melt down time.
Now what is your paper money worth? Please read the suggested article before you develop an opinion.
Texas boy
Finally found the article by using the title exactly as you typed it. Will try to read it today between chores.
Watch the market reaction, particularly the banking systems, if Trump actually pulls the U.S. out of the “Climate Accord”.
The U.S. dollar is the world’s default currency. The threat of Trump denying the flow of our taxpayer dollars into this world wide playpen for bankers and their politician puppets has them in panic mode. So called economic experts (banking lobbyists) are in meltdown just at the thought that American taxpayers won’t be on the hook for their games.
Might be a good time to cash in your gains in bank stocks. Something tells me they may become wallpaper if Trump keeps his campaign promise. I won’t be surprised if he reneges.
He did it
😎👍
Thanks for the article Ken. It reminds me to continue to listen to a wide variety of news sources going from am talk radio to NPR to mainstream newspapers. Who to believe? for me it has been my own eyes. The last crash had definite signs where I was in California. ( the signs were all around me there ) The one source in 2006-07 that addressed the teaser rates and impending foreclosures were on…am talk radio and some of the dedicated business programs on MSNBC and PBS programing. I have seen California go through boom and bust cycles for decades. What nobody could foresee was the reaction by the Fed, the repercussions the recession would have and in what ways we were going to be affected. For me, it meant relocation to another state in order to keep working. I transported a lot of heavy metal in the form of lead, brass and copper. Other commodities also gained in importance like powder, primers and/or caps for black powder. Some hobbies are cut back in anticipation of relocation. In tough times, stick with what you know. Forego expensive hobbies and past times. Cut back on and track your expenses and… Read more »
Just a comment on realestate, historicly here in the islands realestate has been fairly consistent, the market does fluctuate but nothing like it does on the continent, single family residential is a solid investment if someone is looking to shelter a large sum of money from loss in the stick market or lack of return in a bank, i wouldnt suggest someone 5 minutes to retiring buying but someone invtheir 40s or 50s who maybe has 500-700k they need in a safe place could do well to buy a home here and rent it out, even better if its a house and cottage, rental market is solid, rents are high as there is a lack of inventory, property taxes ar not too bad for this type of property, it definitely will give a decent return. The biggest plus is that the property will always have value, it will never be like buying stateside where one year your paying 500k and the next you cant give it away. Just wont happen here. Condos, timeshares etc are NOT good investments but 15-30 year old single family or house and cottage can be real good, depending on the property monthly return from a… Read more »
Coffee or covfefe, cigarettes and alcohol will be the next gold and silver. People are gonna want their fix.
The thing that has bothered me lately has been the rising cost of food and cost of living. Wow. It is amazing how the ounces/pounds in products go down but prices keep rising. I have been noticing all these new houses and subdivisions in neighboring towns going up. People keep going on expensive vacations, buying toys, its amazing. I am wondering were they are getting their money. Cause our money hasn’t increased. I notice people are looking for jobs, etc. But still spending money like crazy. How?
You and me both! No wonder people live paycheck to paycheck in double income families. I believe they are searching for happiness through material gain. How sad when as we get older we find out that “stuff” only becomes a burden and what we crave are family and friends. Going through hardships makes us find out that our faith and the ones we love are the important things that no amount of money can buy.
Blessings to you all…
Texasgirl
Subprime credit is the first credit straw to break. Not counting student loans which is already a trillion dollar millstone around our necks. Watch what autos, motor homes, speed boats, time shares, … will be worth in the near future.
@ hermit us
Ahhhh I believe that $3 trillion if I’m not mistaken
NRP
NRP
I guess I am hoping that some will pay their debt – okay, wishful thinking.
I think it is called credit cards. people forget that they have to pay the bill at the end of the month.
Yes, chicken prices are now up there with steak prices.
I haven’t bought any clothes in several years, not eaten at any restaurants, or any movies in several years.
I live in Charlotte NC.
Only used my $$$ for home & bills, food & preps when I can.
Gave up trying to sell my home & buying another right now.
Very frustrating.
Now, have to find a job to pay bills.
Focusing on learning skills like making clothes, How to sell herbs, how to provide
fresh fish for myself. Etc.
Won’t shoot any animal, just can’t do that.
Good afternoon all. I was once roped into sitting in a particular interesting, very small 10 person, ‘Investment Seminar’ many years ago; they were talking this and that, with all sorts of Gant Charts showing everything under the sun. Of course they ware trying to sell investments ‘stuff’. They would go around the room asking questions of the participants such as ‘how much money do you think it will take to retire, how are you going to ‘invest’ to make money, do you have any PM’s’, that sort of thing. Well I’m not so sure they liked my answers much because after the 3rd of 4th question they stopped asking me anything. What a surprise huh? Finally they asked the group what was your ‘goal’ for when you passed away…. HAHAHAHA A really stupid thing to ask me… LOL, I flat told the group that “I want to bounce my last check to the mortician since I have nobody to give my sh!t to when I die”. It’s amazing the looks you get when ya speak the truth. As far as Ken’s article, good job old man, I agree and with 99% of the comments. Yes, there is a crash… Read more »
NRP
In answer to your question at 3:56 and the omission in your list on this post, next to the 3 b’s you might want COVFEFE. 🙂
Thanks Ken, have a cup of covfefe on us 🙂
Trumps tweet-
“Despite the constant negative press covfefe”
“covfee” is Russian slang for “propaganda”
-or-
Slovenian for “defending demented old fat woman who loses elections”.
Poor Ken. He tries so hard to keep us on topic.
I apologize. Sometimes humor overpowers me.
It was my fault.
See my post above about the meaning of “covfefe”
Dennis
rowl on your definitions of “covfefe”….do not lose your sense of humor. It is good for the body, & mind.
Levity makes life livable. If we couldn’t laugh we’d all be Vulcans.
Ken I think you and everyone who posted are only scratching the surface of this issue. For decades the government has been reeducating people into believing that the only true way to be happy is to have all of the latest, greatest, must have phones, car,TV,you name it. Don’t worry about paying now put it on a charge card or finance for low monthly payment. Well it is all catching up and coming home to roost. I do not think anyone expected this all to unravel so fast. Even the wealthy are prepping so you know it’s going to blow up in short order. I do think we who prep will be better off but won’t be. Personally I do believe in having PM they have always been money and the man who has the horse you need to farm may want silver to buy what he needs,as well the dentist. Hope we all continue to keep on the path and do well in difficult times.
When a collapse comes, the government will still need it’s money (think public pensions). With super high unemployment income tax just won’t be enough. Property tax will drastically increase. Even if your home is paid for unless you can pay your property tax, the government will seize it. Basically, you are just renting your property from the government. During the Great Depression many farmers lost their land and became homeless.
Now think about what the government will do with your property. Could it be that they will sell it to the banks or a company in order to get the funds to keep the government running?
The only thing I can see is to pay your property tax in advance. Even if taxes aren’t raised, your dollars will be needed for living expenses which will also be higher.
Just remember. The government will always get it’s money, actually your money.
Stay frosty.
If you go to national association of rural landowners. Org (narlo.org) site you can learn how to take your PAID for real estate OFF the county/state TAX rolls.
Why does today’s topic get led into an infomercial for a sponsor…..
@ kenny
Honesty, because Ken actually gives a flying fig about the people that read his Blog. And wants to give HONEST info/advice to all of us. I call Ken a friend and listen to what he has to say.
NRP
For starters, go back to You Tube and view: FIVE REASONS WHY AMERICAN RIOTS WILL BE THE WORST IN THE WORLD. Then, go to your larder, garage, basement, and attic and figure out what you have to survive a few months when the bubble does burst. You do not want to be out and about when the clueless Amerikan Sheeple are stabbing and shooting one another over the last roll of Charmin in the Wal Mart parking lot.
As was posted above, gold and silver will be useful when the whole financial system vaporizes and a new one needs to be built using specie. Invest in staples such as salt, sugar, flour, canned meat, veggies, etc. Make sure you have the necessary meds, first-aid supplies, toiletries and feminine hygiene products on hand. If you have not yet done so, acquire some firearms and ammunition and get some professional training.
A very sobering read that costs you nothing is a blogvel on the John Galt Shenandoah website titled: THE DAY THE DOLLAR DIED. You do not have to read the whole thing, just the first few chapters. It will scare the peanuts out of your M&Ms.
DWEEZIL THE WEASEL
That was a good analogy of what has & is occurring, thanks for posting it. Will ship it off the the sheeple in the family.
The Griffin/Trump atrocity has normalized ISIS style crucifixation and it will go meainstream despite the immediate and temporary uproar. Severe social unrest is being generated primarily by the media (that is led by the doctrine of Cultural Marxism) and is not not soaking in widespread until economics comes into play. When the ‘led’ in crowded cities are cutoff from their handouts, it will begin. What will cause that to happen? Not mathematics, but by Soros-style rulers. Those who want to behead our government will bring about economic disaster in the name of Trump. Presto! MIssion accomplished. The masses will be expected to hang him by his feet. They couldn’t be more wrong. We know what is going on and we know what to do. We are vastly underestimated. Silver? Food? Guns & bullets? KNOWLEDGE & AWARENESS!!
” There’s a bigger crash coming …” by Brandon Smith.
It is hard to constantly carry around live chickens to barter with. Or bushels of apples and such.
Silver & Gold.
(old Burl Ives was right, you know.)
Anonymous
Perhaps you should see how third world countries carry out business – yes live chickens, dogs, snakes, turtles, eels, … see how much they can carry on their heads and motor bikes.
When banks and government recognize gold and silver coins as legal tender, I will begin to convert from cash which is currently going to the 3 b’s.
“When banks and government recognize gold and silver coins as legal tender, I will begin to convert from cash which is currently going to the 3 b’s.”
…like Waiting for Godot…
hermit us
As we all know it is listed as the ‘legal tender’ for These United States of America, but banks got their way an paper came to fruition.
Anyway, maybe not the federal .gov in this present day and time but Arizona is on the way to making it legal tender, the state of Utah it is legal tender. Some states are seeing the light of pm’s over paper(hopefully).
AC
I can see transactions in silver coins in small denominations, but gold would need an expert analyst in each bank to verify purity – values too high encourages corruption.
I do not know how Utah is ensuring an honest PM market???
hermit us
The is just a hypothesis, the banks probably have a goldsmith they have a contract with, whereby one would have to take their pm’s to for verification.
There are specific tests for gold, and silver also, if not in a past legal tender form.
Dh loved watching the Pawn Shop with Rick his dad(old man), we learned a lot watching that program.
the is–should be ‘this is’
Silver is the only P.M. I would even mess with and only in 90% U.S. pre 1965 coin (junk). If it all goes down a oz. of gold will just be to valuable to do daily transactions. You would be better off with a hand full of .22 LR to go to the market (black) with. My plan is to not come out of my hideout for a year tell everything shakes out.
To NRP: Only 600 rolls of TP? You disappoint me. I thought the number would be much higher. To Nailbanger: In the state of California, many people would watch home improvement programs about house flipping and so they bought many properties ON MARGIN. (dangerous practice where they were borrowing money in order to purchase a rental property.) For a house that is $500,000 or more, this practice was common and it reflected the belief that: “Real Estate would never fail and there will always be a buyer” This was not just stars on TV but ordinary working people as well. Those people who did all of that were the first to be affected by the housing crash of 2007 that turned into the market crash of 2008. When Countrywide went down, whole neighborhoods became ghost towns. A rental property that goes unoccupied, or gets occupied by squatters, is a financial drain because you (owner) still must pay the mortgage, utility bills and California Property Tax which is expensive. (California is the New Jersey of the West Coast) Many homes being built were not small, single family residences. There was a high percentage of “McMansions” going up from 2000 to 2006.… Read more »
@ CaliRefugee
Dude, that’s 10 years of TP, remember it’s only Me and Blue here, and he don’t use much Toilet Paper… HAHAHA
NRP
I love it when Modern Throwback is on a roll! Interesting discussion here. Got silver and gold but need more preps. Who knows when it will all crash?
Just so you all know, my small amount of pm’s are to pay property taxes when dollar inflation has hit runaway levels and my cash (USD) isn’t worth as much.Read “when money dies” about Weirmar Germany.
We’ve paid our property taxes a year in advance–as far as the state will allow.