Monday, April 25, 2016

WNTBTTA 6


WHAT NOT TO BRING TO THE APOCALYPSE 6
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note:
 https://srsroccoreport.com/continued-financial-market-deterioration-impacts-gold-eagle-sales-in-a-big-way/
explains the probably panic last week with the Fed with their secret White House meetings.  This guy gets the Bison Seal Of Approval.  Sorry it is a bit late, I read the article on Saturday morning.  The above link was left in the comments section of Friday's article, for those that already saw it.
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7) the next thing I would strongly advise against having as a prep would be financial investments of any kind.  I’m of course talking about intangible investments-those you cannot see or feel or touch or have any control over.  The kinds only existing in the digital ether.   Digitalization is wonderful for many things, two being limitless flawless copies and robots.  If you are old enough you remember the problems of copying cassette tapes or Xerox copies-each copy got worse and worse until it was useless.  2nd generation copies were worse than originals, 3rd generation far worse, etc.  And while computers and digitalization has been responsible for a lot of job “disappearing” in a far bloodier manner than during any Argentinean strong man rule, it has also done a lot of good such as exploding the information available to all.  After the cost and PITA of publishing ‘zines, a blog is a wonderful thing indeed.  But one thing you really honest injun don’t want digitalized is the financial sector.  Much evil has come of such, with more in the wings.

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After the stock market crash in the Eighties, the evil Bush Elder pulling the strings for our dementia addled president decided that the “plunge protection team” was just the ticket for stabilizing the financial industry which was rather busy stripping the assets from any last man standing corporation which had two nickels left over to rub together after the brutal industrial bloodletting of the ‘70’s.  That was the beginning of fudging the numbers to fool all of the middle class into believing the old stock market ( dividends were retirement income ) was the same as the new stock market ( middle class, widows and orphans need not apply-only the moneyed classes, ‘cause stocks and bonds were short term profit vehicles only and by the way, what is a dividend? ) so please keep putting your money into this fools paradise.  Bush did the deed of his banker handlers and was rewarded with riches and seeing his son get a turn at dazzling the masses with his brilliance.  Since the late Eighties ( it could have been a mite earlier, but for all intents and purposes… ), anything the bankers touched was the Midas Elite ( gold for the rich ) and everything everyone else touched was magically Anti-Midas ( crap for everyone else ).

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All the numbers are manipulated, and everything kept in the digital lockbox for your later retrieval has been either greatly diminished or rendered worthless.  All promises, from ALL those in power ( even your favorite politician who has pinky-swear promised to NOT be as crooked as all the rest ), political or corporate, are worth as much as the promise of an animal sacrificing child molesting sociopath.  If not worse.  Anything you have in THER control is as good as gone, given a long enough timeline.  What you are doing by trusting them with your money is gambling that when you need it, it will be prior to their theft.  No matter what your company says, your pension is NOT secure, and if the government promises that it is, they are lying on behalf of your company.  Your stock or bond holdings worth are at the mercy of crooked CEO’s, bribable politicians and greedy bankers.  Simply put, these people are NOT of your tribe, and they will screw you gladly seen in that light. 

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A bit of precious metals, a bit of rainy day cash, supplies and the tools of production are all the investments you can trust ( and only partially ).  Any surplus wealth is better invested with family or friends, those you trust, in small businesses ( as with the Chinese, who have had more experience in getting screwed financially than everyone else combined ) if you need a retirement income.  The rest of us without a surplus will be reliant on Social Security ( as scary as that is ).  Look at the bright side.  You know that system is destined to fail, but when it does you will have bigger problems as the ass has fallen out of civilization/empire.  Civil war, revolution, famine and other assorted symptoms of collapse will make the need for a pension moot.  But any wealth you have in intangibles will be gone before that-as the bankers have already baked their financial collapse into the cake ( I don’t think Social Security can outlast the private bankers downfall by all that much, but when you are talking a crap sandwich, just one bite less makes a big difference-you’ll have a little time as all the banks fail and are swallowed by the fewer big fish ) with the PetroDollar and their insane derivatives over-leveraging. 

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It isn’t a question of if your wealth will be wiped out, but merely when.  Cash out and invest in something else.

END

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6 comments:

  1. There is a free (Search for it as a free PDF Download) book called “The Alpha Strategy” by John Pugsley. It explains what is and is not wealth.

    It goes right along with what this post is all about. Reading, understanding and implementing what is in the book will change your view as to what money and wealth is.

    Chuck Findlay

    ReplyDelete
    Replies
    1. I never understood why they didn't keep this one in print. With an occasional update, it would be a prepper classic.

      Delete
  2. I even bought a hard copy of it off Amazon.

    Why wasn't it kept in print? Who knows, My guess is most people like credit / instant gratification so much that what is in this book is too foreign to today's mentality. What it advocates bucks the system and allows people to take control of their own future.

    In print or not, with a free download at least the info is there for those willing to read it. And the price (for a digital PDF copy) is right.

    Chuck Findlay

    ReplyDelete
  3. You really could eliminate financial investments in the traditional sense of the word, depending on what your idea of a good “investment” is. I just don't think that most people really could because they can't imagine living like a settler (Cue in the latest generation of DirecTV commercials here).

    Bought and paid for junk land with a low tax base (One of Jim's best suggestions).

    The number of years based on your age of the inexpensive food stores that you've been advocating all along, along with a big stash of heirloom seeds.

    The number of years based on your age of thrift store clothing.

    A big enough gold or silver stash that you can pay your property tax for life (factor in rate increases) and ideally, a small nest egg to buy the occasional items that you cannot produce from your wilderness homestead. I could probably do all of the above (I already have the land) for under $10K, but in my case it's only me.

    I'm not saying that it would be much fun for most people, but you really don't need much to survive once your basic needs are met.

    ReplyDelete
  4. From book sidebar, I'd never seen Wade-Building Underground. Ordered non-collectable hardcover with dj for $2.50+$3.99 s/h on the click-through.

    Combination of underground and hexayurt is cheap structure/space with low-cost heating. Done right, with rudimentary power/heat/water, it may even be acceptable as a nest to a reasonable female if a person was darn-charming. -pdxr13

    ReplyDelete
    Replies
    1. thanks for reminding me, I just ordered my copy.

      Delete

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