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originally posted by: network dude
a reply to: xWorldxGonexMadx
If this is a real concern of yours, then diversification is what you need. Do you own physical gold? If not, why? Do you have more than $250K in one bank? If so, you are already quite the risk taker. I'm lucky, I don't have any money. But for those that do, remember what my Grandma used to say, "Don't put all your eggs in one basket".
originally posted by: GalacticCorn
a reply to: xWorldxGonexMadx
It's not your money, all money is property of Federal Reserve. The entire monetary system is a giant loan from Federal Reserve, and just like when you loan a tool to a friend, you still own the tool while your friend has possession of it. So yes, they can take it back whenever they want because the money is theirs anyway. Just because you have possession of it doesn't make it yours.
It is not in Federal Reserve's interest to collect all of it back or take it from you and break down the system. They need this system to stay in place to keep their control. Federal Reserve's system is largely arbitrary with no real natural resources or industry for it to operate other than the bank branches and employees across the country. From Federal Reserve's perspective, debt numbers are largely arbitrary, they need to keep the system balanced and fungible so it doesn't get tossed out by a pissed off society.
originally posted by: xWorldxGonexMadx
It is all 1's and 0's but what can we do??
originally posted by: network dude
a reply to: xWorldxGonexMadx
first rule is, never take advice from someone who isn't doing better than you are. Keeping that in mind with the other part that my advice is free and you get what you pay for should be enough of a disclaimer.
Buy some physical gold or silver to have in your safe at home. There is no guarantee that it will be worth anything if things go totally sideways, but in the event that it isn't a world war, but some other event where the digital dollar can't be accessed, then having something of value to trade will be very important to survive. As you are in the UK, buying guns and ammo won't work for you. But having something you can touch is important for many people who are planning.
I stocked up on cream of wheat. I hate the stuff, but got such a deal, maybe one day that shipping container full will pay off. Fingers crossed.
originally posted by: some_stupid_name
originally posted by: network dude
a reply to: xWorldxGonexMadx
first rule is, never take advice from someone who isn't doing better than you are. Keeping that in mind with the other part that my advice is free and you get what you pay for should be enough of a disclaimer.
Buy some physical gold or silver to have in your safe at home. There is no guarantee that it will be worth anything if things go totally sideways, but in the event that it isn't a world war, but some other event where the digital dollar can't be accessed, then having something of value to trade will be very important to survive. As you are in the UK, buying guns and ammo won't work for you. But having something you can touch is important for many people who are planning.
I stocked up on cream of wheat. I hate the stuff, but got such a deal, maybe one day that shipping container full will pay off. Fingers crossed.
My 2 cents, having large stores of things weighs a lot and you might need to be able to move at the drop of a hat. A couple guns some ammo and a motorcycle might get you further in the waste lands then a bus load of pickled eggs. But everyone should have some type of plan and since most of use don't know what that world might look like anything is better than nothing.
originally posted by: TheLieWeLive
Another place to store your wealth is buying land, but don’t forget those yearly land taxes. You cannot pay those without funds.
originally posted by: Station27
originally posted by: TheLieWeLive
Another place to store your wealth is buying land, but don’t forget those yearly land taxes. You cannot pay those without funds.
A thought just occured to me. If something happens where people can't get to their money, or it becomes worthless, etc., that means something serious just happened, right? So, will all those tax collectors and county assessors still be working when there's no money to pay them to do their jobs? Sure, you may technically owe your property taxes, but who's going to be brave enough to come and take it from you during an out and out collapse? Especially if they're not getting paid to do it anymore? That has to be something accounted for as well if/when things go south, right?
originally posted by: Oldcarpy2
a reply to: network dude
"Pink pickled eggs"??! What Abomination is this?
But then, I suppose, I do like pickled walnuts....
Best not mention jellied eels. Only thing worse are rollmops .
They look like something out a a school biology lab.
originally posted by: Station27
originally posted by: TheLieWeLive
Another place to store your wealth is buying land, but don’t forget those yearly land taxes. You cannot pay those without funds.
A thought just occured to me. If something happens where people can't get to their money, or it becomes worthless, etc., that means something serious just happened, right? So, will all those tax collectors and county assessors still be working when there's no money to pay them to do their jobs? Sure, you may technically owe your property taxes, but who's going to be brave enough to come and take it from you during an out and out collapse? Especially if they're not getting paid to do it anymore? That has to be something accounted for as well if/when things go south, right?
originally posted by: Oldcarpy2
a reply to: network dude
"Love pickled eggs, been making my own for quite some time. Being very nice, these are disgusting. Mushy and tastes like what fresh garbage bags smell like. '
From an Amazon review......"Bleuuuugh"!