(Sigh!) Sure, Squid, you can have a PILE of gold coins, and an entire arsenal of weapons, along with stacks of ammo... let your imagination run wild. That wasn't exactly the point.... I was trying to use the initial example for comparison of one gold coin versus the shotgun, revolver, ammo, and canned goods. With a gold coin I can do very damned little... think about it (stuff it down an attacker's throat and choke him to death?). But, with the weapons and the canned goods, I stand a much more realistic chance of survival, if it came down to it.
I'll agree that it's probably more important to stock ammo and weaponry if you live in or near a city. Out in the sticks though, it would take a truly desperate gang of morons to go knocking down those doors.
Have all of the above. Diversified portfolio. Your argument is hard to follow as you also expressed your opinion that this doomsday scenario is unlikely. So what are you preparing for, the doomsday scenario or the failure of a fiat currency?
stock futures are tanking tonight i see Dow -113.00 / -0.55% http://money.cnn.com/data/premarket/ maybe a interesting week after the fail heathcare vote for stocks
Out "in the sticks" you are probably less likely to have bad situations as often, but when they occur they could be much worse. Out in the country if you have "home invaders" you're farther away from a police force of any size, and if there's a lot of crime going on those police officers will already be strained to the maximum. In times like that you must defend yourself because you won't want to call 911 only to be told to leave a f**king message! This already happens in metro areas right now (I've had it happen to me!). Last year, a neighbor of mine several houses down the street called to report that burglars had broken into his garage and stolen several valuable items... and the police finally showed up over 24 hours later! When or if the "bad guys" show up at my house I have no (NO) plans to sing 'Kumbaya' with them....
A "doomsday" scenario is unlikely, Squid. The one good thing about having total control of our economy by an international klatch of central bankers is that they will move heaven and earth to retard market forces from taking a natural course in response to "bubbles", "crashes", etc. That was clearly and repeatedly shown in the actions the Fed took starting in August 2007 and which haven't stopped to this day! Thus, without any care or regard for you or me, they moved heroically to rescue those it considered to be "to big to fail". The byproduct was that "stimulation" (i.e., trillions of imaginary dollars were flooded into the world's economy), and a perverse sort of stabilization was achieved. But now, another very conspicuous bubble is emerging everywhere -- particularly in big-ticket items. The central bankers have a complete chokehold on every nation except Russia and China. It will be interesting to see how this plays out, but, yes, to return to the matter of "guns, gold, bullets, and canned goods" -- I just think of it as a backup survival plan for a short term series of possible events. Like I said, Squid, the bankers couldn't care LESS about people like you and me.... And gold? Probably the very worst place to put your money. Even if there were a big crash, the government would just confiscate your gold -- just like the great Socialist Democrat demi-god, Frankie Roosevelt actually DID, right here in the United States, during our "Great Depression"....
someone thinks they know in germany https://www.nytimes.com/2017/03/27/world/europe/gold-coin-berlin-stolen.html
Yes, if they make a large, sudden dollar devaluation, or try to fix the dollar to gold, that is a possibility again. But then again food hoarding could be illegal too and your neighbors would turn you in as an enemy of the state. Your guns would also be a danger to the state, so you could expect a little visit in the middle of the night for that as well. There is nothing a government won't take from you when it is desperate. When there is nothing left to take, they can always make you kneel in front of a trench
Do you understand economics at all? When the dollar is weak, it drives foreign money to purchase our products. They get more for their money. It helps our manufacturers.
Yes, but isn't the reverse also true? When the dollar is weak, it costs American purchasers more to buy goods manufactured in other countries. A LOT of what we buy is now manufactured in foreign countries....
I always just tell the dispatcher there's a Hostess Twinkie truck rolled over in my front yard and there's delicious cakes all over the place, usually 2-3 minutes tops!
And as you have been told before Reagan requested less spending every year than Congress authorized and Congress refused to pass all his budget rescissions. Had it not been for Reagan those deficits and debt increases would have been higher. Which was put in jeopardy by the Clinton tax rate increase but got back on track after the Gingrich/Kasich tax rate cuts. Bush and the Republicans had a on year peak deficit of $400B in 2004 mainly because they phased in the tax rate cuts they passed, but then in 2003 voted to fully implement them and the economy took off and with the HUGE increase in tax revenues especially CapGains they lowered the deficit to a paltry $161B. THEN the Democrats took control of the budget and in just two years with their 2008 9% increase in spending followed by their 2009 18% increase in spending took that measly $161B deficit to a WHOPPING $1,400B and kept it over $1,000B for the next 4 years until the Republicans had enough power to stop them. So if that is where you want to go at least get your facts straight. That the Republicans did, let's hope so we certainly can't take anymore Democrat fiscal policy.
