To do with one of silverspetes last threads http://forums.silverstackers.com/to...4-more-months-left-msm-not-zerohedge-wtf.html If we 100%, with out a doubt had only 3-4 months left utill a massive GFC what would you use that time to do (not talking prepper stuff) "3 or 4 months to order our own affairs before the storm gathers" what does that even mean? What affairs would we order to make this any better for us?. Because all ive really done since i read that article is eat some cheese and bacon balls, so i guess im storing more fat for when the grocery stores are bare but i feel i could be doing more...
Buy a gun to protect yourself even if your not in the U.S. Stack some more silver/gold. Pray to sky daddy if your religious.
Maybe work on the body fat reserves, cheese and bacon balls are a good start but I'd recommend a fudge regimen to be on the safe side.. then get your den good and ready and settle in for at least a few months of hibernation. With any luck, by the time we awake, the carnage will be over and we can live off the bounty of the land and continue to stack for pleasure whilst exercising our property rights unhindered by the interference of government - or 'society'.
It's all about preparing for a range of scenarios because short-term predictions of financial armageddon are almost always wrong, but then everyone gets blindsided by something else later. You don't want to bring about your own financial armageddon because of a story in the media, but conversely you want to be prepared, or ready to quickly change, if you detect trouble is imminent or if it catches you unexpectedly. At a minimum, put aside some emergency funds to survive a few months without any income, ideally 3 to 6 months, and reduce discretionary spending. That should help significantly in getting you through any global or personal financial crisis. Recently I've seen suggestions to: * Weight your investments more heavily in cash rather than equities. * Buy gold as a safe haven asset (not as a speculative move for eventual profit). I just posted an article on that topic. * Expect the unexpected. Stoicism might be a good start. SammySilver usually has a list of good advice. Something like: * Take cash out of the banks just in case withdrawal limits are put in place * Make sure the car is always full of petrol. * Post more predictions about the silver price to annoy Court Jester. And I would add: * Keep a range of denominations on hand rather than a big stack of hundreds and fifties, and a few bags of two dollar coins in various places. Miscellaneous colored $2 coins and coin rolls can be used if desperate, and if nothing bad happens, you still have a nice collection of coloured $2 coins. Win win. * Make sure you can survive without the internet or GPS for several days (keep a physical street directory in the car for example). * Work on emotional resiliency in the face of unexpected events. .
Nothing always happens until it does. The probability is on the side of nothing major happening however. But then there are .
Jim Sinclair's GOTS list at JSMineset.com P.s. Is anyone able to confirm the penultimate paragraph concerning revaluation of mortgages to gold prior to the Rentenmark?
Three black swans? I thought the probability of something major happening is very likely? Too many snowflakes landing atop Debt Mountain.
Nothing. [youtube]http://www.youtube.com/watch?v=CkeTnMjlT1U[/youtube] Point to contemplate. At the height of world war two neither urban or rural economies ceased. Indeed stock markets kept trading and despite active submarine warfare international trade continued. Neither was there looting or civil breakdown outside of close combat areas. Neither did life stop. The entire prepper industry is to sell crap to idiots. Yet people genuinely believe that a monetary crisis will result in Armageddon were gun toting idiots will sit in bunkers eating beans and everyone else will die? No one should be allowed to own a gun because they think the world is about to end. It is not. The attached video is pertinent.
one thing is for sure, we need to divert the data centers so that the internet would continue to function, else there would be so much young people jumping of the tall building out of boredoom they could die from not looking at the small screen.
^^^^^^^ "they could die from not looking at a small screen" mate, that is first class, choice dysfunction ! excellent work. you have officially passed this phase, and are cleared to carry on.
Yep, that's by far the best advice. And it's got to be cash, gold and silver will be next to useless for daily use in a crisis or banking system collapse etc.
There will be no collapse. Even if banks blew , business with inventory will run credit accounts to regular trade customers in the event of a bank failure and *potentially* take hard assets as collateral. Suppliers will keep selling because they have to. Any supply chain impact would be ironed out in months. . If anything real gold physical price would fall due to a glut of people liquidating jewellery and frantic margin covering. People are amazingly adaptable and can endure plodding on even within 5 miles of a combat zone. Life goes on. Domino sovereign default looks like Russia after the collapse of the Ussr, Venezuela, the UK in 79. State pensioners get destroyed. Life goes on and it sucks. There is an oversupply of hookers and child street gangs and cops and hospitals become pay to play..... Life goes on. China may bring down DBK. We'll see. I expect China and the world will not tumble into any action movie collapse but a drawn out 15 years of nothing economically....sideways on no growth.
just like Cyprus bailed in, the bank still open, just depositors money got locked in there is no escape. the system got locked down. small business can not pay workers, the problems get passed on, you paid the seller, his money got stuck at the bank, your money also get stuck at your bank, he has your goods, should he deliver to you? even the goods got delivered to you, your warehouse could be clean up too. Nothing would happen in China, the bail out will be practice too familiar, just that the authorities would get it for free, company can get taken over etc.
