Maybe everything will be ok? No economic collapse. No SHTF scenarios.

Discussion in 'Markets & Economies' started by SpacePete, May 12, 2014.

  1. Phiber

    Phiber Well-Known Member Silver Stacker

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    I don't think the prepping lifestyle is for everyone.
    You are basically preparing for some unknown event at an unknown time of an unknown likelyhood and somehow this is better than the alternative?

    Do you prepare for everything in your life and "act as if it's inevitable"?
    Do you take the plane? There is a chance it might crash.
    Do you drive? There is a chance you could have an accident.
    Do you go for swims at the beach? There is a remote chance you'll get attacked by a shark.
    Do you eat out at restaurants or buy food at the supermarket? There is a remote chance you might get food poising of some sort.
    Etc.

    Life is a risk.
     
  2. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    But you can do better than the other bloke to reduce risk.

    If you have the electricity turned off for a week, you'll wish you had taken basic prep precautions.

    Fact is most folk don't read history, they don't prepare for even the most likely events such as natural disaster or the grid going down.

    No electricity = No money, no clean water, no refrigeration, no supply chain, and utter chaos.

    At the least, have a pantry of canned tucker, learn how to wash your arse in a bucket, learn how to make potable water from non-potable and have some cash on hand.

    The life skills you have in time of strife are priceless; you can't learn how to survive or do it tough when things turn to shite, you just don't have time.

    How many folk wish they had learnt CPR before their kids or family needed help??? Too late when they are blue!

    H
     
  3. TheEnd

    TheEnd Well-Known Member

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    Yes AND no internets to keep informed as to whats really going on???
     
  4. Peter

    Peter Well-Known Member

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    If it doesn't take too much to take precautions against
    possible catastrophe, you'd be a fool not to take the precautions.
     
  5. errol43

    errol43 New Member Silver Stacker

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    Maybe the Japanese people are great savers of wealth. :) Unlike the US and Australia.

    Regards Errol 43
     
  6. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    My understanding is that the majority of the Japanese debt is internalised within Japan with most companies and the mass of people supporting the bond market. This keeps outsiders from dictating Japanese policy.
     
  7. Old Codger

    Old Codger Active Member Silver Stacker

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    "Maybe the Japanese people are great savers of wealth."


    Maybe, but those family fortunes are going to go up in smoke one day, and then what will they retire on?

    The old Japanese mums and dads are on a hiding to nothing in the coming years.


    OC
     
  8. errol43

    errol43 New Member Silver Stacker

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    Are we not in the same boat. A hiding to nothing. The TPP and the BANK IN at the G20 will see to that. :)

    Regards Errol 43
     
  9. Old Codger

    Old Codger Active Member Silver Stacker

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    errol,

    I was thinking in terms of the Japanese Treasury Bonds, many owned by old (japanese) codgers!

    Yes we will see 'haircuts' in bank accounts and anything else they can get their hands on. As for grabbing/confiscating gold and silver I wonder if that will happen before or after the price goes to $10,000 an ounce. Not worth doing afterwards.

    OC
     
  10. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Imagine no power right now!

    Are you prepared?

    [youtube]http://www.youtube.com/watch?v=-IJebnZIAEw[/youtube]
     
  11. Phransisku

    Phransisku Member

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    All I saw in the opening post and most of replies was "maybe this will happen" kind of statements. I would like to read some arguments.

    The only argument the opening post (implicitly) presents is: "the collapse will not happen because it hasn't happened so far", which is very weak.

    Many people claim that a currency collapse will take place in the near future, they present a reasoning, it makes sense and so far I haven't seen anybody capable of logically debunking it (among several forums I have been browsing).
     
  12. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Ha ha, we'll put, except the Fed has presented the best argument to date.
     
  13. Phransisku

    Phransisku Member

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    Which is...?
     

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