I live with my sister and brother in law on a 50 acre farm,we can grow enough to eat,+ chickens for meat and eggs,cow's for milk and meat.
You guys get hungry go eat your silver and gold coins,or come and see us I'm sure we can spare a little food ,maybe a whole chicken for a half pound of gold.

Capitalism is stumbling and it might fall down.

 
Please remember the warning about politics given up at the start of this thread.   If this thread turns into a "Tall Table" it will likely go away.

Capitalism still works fine, we are just suffering from a lack of jobs because we all want too many dollars per hour to work at a job.   If we "went down" to the going international labor rate, we would get the jobs back, but nobody in his right mind wants to work for $4-5 an hour, right?       not yet, anyway


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I still haven't heard any new viable options on what to do to protect your families during the "whatever the heck it is" that is eating the value of the dollar.

What can you do to keep the purchasing value that currently exists in your bank account, understanding that doing nothing will net you another 25% loss in value within another couple of years?

Might I suggest that you spend the money on something you need long term, like a better car, if you happen to need one?

The car will be around in 10 years, which is about the time it takes to go through a full controlled inflationary cycle (assuming that is what we have going on ).  

The car will depreciate to nothing in 10 years, yes, so how about some land?   It won't depreciate near as bad as a car will.

Gold is way over valued, silver has come down from it its bubble peak, but is over valued as well.

The problem with intentionally inflating the international monetary standard is it takes everybody else's currency with it.   When the main players (China and the USA) do tit for tat on printing more money as they race each other to be the first one at the bottom of the cliff, then you got a world wide inflation that is bound to happen that no other single nation can do very much about.

Me, I understand hamburger, eggs and tires.  Within 2-3 years I won't earn enough to be able to buy them and my money in the bank won't be able to bridge my gap very well as it hasn't nearly kept up with the price rise in basic food and toilet paper.

Any ideas out there?

mick wrote on 01/19/12 at 21:26:25:

Mick do you have any of the chickens that lay the golden eggs.

Oldfeller, I've been dreading this for about two years. The problem is, I got my information from Glenn Beck, so I couldn't tell anybody. What he said over and over is coming true. Since I handle all the money in my family and do most of the shopping for groceries and gas, I can say it has risen about 25% here in Ms. Milk went from $2.39 to $4.39, honey, which is my luxury item now, went from $3.50 lb to over $6.00. Cereal around $1.75/ box. Remember when it was cheap to make stew and eat on it a few days? Stew meat is $5/lb. If you're on disability and WalMart is cutting hours on your wife, and you're paying attention, it becomes evident fairly quickly that something is going on. Last year the gov't said I needed help with my medicare and prescription bills. I said I didn't, but kept getting mail saying to fill this out and that. If you don't fill their crap out, you could lose disability. Got help for a year which put us earning more, so this year their taking away about $1200. Guess what...I'll be poor enough to get it next year. Yes, we are in deep trouble in this country and YES we will survive, but you kids who were given trophies for showing up and only learned that others are responsible for you are not gonna' like it.  

Libya, Iraq, Iran, none use the IMF, Own their own central bank, not associated with the globalists. Completely sovereign, & the Economic Hitman couldnt work his way in. Look that up, Understand.. they either sell you on debt to them or kill you,.
You cant pull economics away from politics,


Now, the Big Question is, how best to prepare for hard times, should you believe, as I believe, that we will see some very hard times in the near future.

Now, you may ask, WHY do you believe that? Well,, Ive watched a downward spiral of the economy & the living standard of Americans.
Ive seen nothing to indicate there is a reversal of direction in the near term. Given that there is a documentable decrease in the disposable income of Americans & an increase in national debt & continuing wars that expend lives & treasure & send us home sick & wounded people, I dont see anything that would indicate to me there is any reason to believe the trend is about to change. So? Whats next? More of the same, only worse. The notion that "We live in America, Land of the Free, Home of the Brave, & we dont go hungry here " isnt based in a logical, rational assessment of the situation. That is an offshoot of the "Normalcy Factor" clouding the ability to judge events. Unless & until there is a REAL change in direction, not just tweaking the edges, we are headed for calamity. The Fed is at the heart of it. Foreign policy is a huge part. Our decision makers are making decisions that negatively impact all of us & have been doing sop for decades. WHY is a political & economically answered question that is impossible to answer fully regardless, & impractical to attempt to even pull the covers part way back here,

Okay, Now,m IF youre on board with thew idea that each household must prepare for hard times, then heres where I am.

YOu need food & water for at least 3 months. After 3 months, competition for resources will be minimized.
YOu need lead & brass & delivery systems to protect the food & water.
It would be super to have something other than paper money to use for trade during any upheaval,.
&, after the shakeup, if a family had some gold &/Or silver to use to trade in for the new currency, they would be immediately in the "more well off than the poor folk" group.
HIt a pawn shop, buy gold jewelry that has linked chains, the links will work, as long as you can show the carat,, IOW, save the latch to the end.  silver dimes & quarters , only a very few years were nickels made of anything worth having, so dodge nickels.
1982 & earlier pennies,,

A quality scale mite be a good idea. Firestarting stuff, water filters,
&, Flame ON!

A gas mask mite not be a bad idea, either.
The laws we have recently seen passed do not comfort me that my government loves me,

You mentioned the Arab central banking consortium -- what is the name of that currency they are pushing as the new international standard currency?

I was pointing out thsat each country that has "needed a good invasion" has been autonomous & not on the leash of the global elite bankers.

IDK anything about a proposed othoer currency, but each of the recently invaded & Iran have said they no longer want Dollars for their oil

Oldfeller, yea land is cheap, the taxes on that land is not cheap and the insurance is not either, ohio raised my farm tax 200% this year.

I have had trouble with 3 different banks in the last 2 months, what little money i have is now burried in the back yard, no joke!  I have no trust in any bank anymore!!

Serowbot, yep my house is worth half, the dollar is worth half my investments are halved, Taxes on everything is up fuel and anything related to it is up......the 1% are fat and happy the middle class is getting flucked! Our countrys treasures have been pissed away on worthless wars and we are building for another one??? Fools we are!!

I have a survival mentality now,we have stored food medicine ammo and other basic needs. Be prepared folks  Remember those with guns will eat those without will not!!