Title: Will the World Financial System Collapse?
Post by: JOE on May 31, 2023, 07:50:59 AM
Post by: JOE on May 31, 2023, 07:50:59 AM
Meh, if and when the financial system collapses in a screaming heap, I know something that will be worth a lot more than gold sovereigns. Way more in fact. Way way WAY more.
do ya'll think this could or will happen?
Is it an event in the near future or are we a long ways away?
Or...are these fears exaggerated and we can just keep on going as we always have?
What do you think will happen? A hard crash? A reset? Or business as usual?
...and how do you think we should prepare for the future in an uncertain world?
No right or wrong answers, just your opinion counts.
Title: Re: Will the World Financial System Collapse?
Post by: Frood on May 31, 2023, 07:56:55 AM
Post by: Frood on May 31, 2023, 07:56:55 AM
Title: Re: Will the World Financial System Collapse?
Post by: Adolf Oliver Bush on May 31, 2023, 08:19:55 AM
Post by: Adolf Oliver Bush on May 31, 2023, 08:19:55 AM
....the possibility was brought up by one of our members here:
Meh, if and when the financial system collapses in a screaming heap, I know something that will be worth a lot more than gold sovereigns. Way more in fact. Way way WAY more.
do ya'll think this could or will happen?
Is it an event in the near future or are we a long ways away?
Or...are these fears exaggerated and we can just keep on going as we always have?
What do you think will happen? A hard crash? A reset? Or business as usual?
...and how do you think we should prepare for the future in an uncertain world?
No right or wrong answers, just your opinion counts.
It's not a case of "if" but of "when". On a long enough timeline, all things are possible.
I know we are headed for a deep recession. As for total collapse I couldn't say for sure, but unless you get a fiscally responsible president into office in 2024, then the US is going to collapse, taking any nation that treats it as a reserve currency down with it. In fact it may already be too late to prevent it from happening since Biden welched on his deal with the Saudis re: your oil reserve, effectively pushing them towards deals with BRICS and a bunch of you are certain you can squeak by with more of the same from the uniparty.
I of course have been making my plans with all this in mind. I've already said before how to deal with it, most of you seem unwilling to recognise the best chance is to make yourself independent from current systems and create your own network of wealth. I only know of one other person in this forum who has any idea of the nature of the coming crisis and how to deal with it, I scarcely need to repeat it for him. And I don't see any value of repeating it ad infinitum for people who couldn't be told the last umpteen times.
You do whatever you do mate. If I'm wrong and your hedge of stocks and minted gold win through for you, great. If I'm right... well, it's been nice knowing you all, I don't imagine much of the stuff you take for granted in the now is going to be worth a pinch of shit when it all goes down.
Title: Re: Will the World Financial System Collapse?
Post by: caskur on May 31, 2023, 08:27:00 AM
Post by: caskur on May 31, 2023, 08:27:00 AM
Thy Kingdom come!!!
Title: Re: Will the World Financial System Collapse?
Post by: Adolf Oliver Bush on May 31, 2023, 08:31:16 AM
Post by: Adolf Oliver Bush on May 31, 2023, 08:31:16 AM
We are in the great tribulation... I hope Armageddon is not far off.
Thy Kingdom come!!!
No kingdom, just a whole little bunch of little communities with little use for arts diplomas or large scale socialist governance as you have in Australia.
Title: Re: Will the World Financial System Collapse?
Post by: JOE on May 31, 2023, 10:57:04 AM
Post by: JOE on May 31, 2023, 10:57:04 AM
You do whatever you do mate. If I'm wrong and your hedge of stocks and minted gold win through for you, great. If I'm right... well, it's been nice knowing you all, I don't imagine much of the stuff you take for granted in the now is going to be worth a pinch of shit when it all goes down.Quote from: "Adolf Oliver Bush" post_id=502387 time=1685535595 user_id=3409
...interesting perspective.
Not necessarily what I or others would want to hear.
But your pov has its merits.
I too am somewhat doubtful about RRSPs, 401k plans, TFSA plans whatever you call 'em.
Y'know I was with a friend the other day recently retired & he showed me this website from one of the major Canadian banks which would be equivalent to one of the larger banks in the US like JP Morgan.
And it has this TFSA calculator.
anyways, long story short, he advised me that if I constantly contribute to this fund for the next 30 years on a regular basis, that I will have this nest egg ready all throughout my retirement.
Now while I like my friend very much (BTW he is conservative like many of you in this forum) and think he's a very honest decent guy, I am somewhat skeptical about their claims. The website has this line that if you I keep giving money to them on a regular basis, soon, that amount will grow to $1 million compounded annually!!!
Now while I certainly don't knock anyone trying to grow their retirement fund or saving for retirement, in the back of my mind I have some doubts about this model. Rather than keeping or locking the money into this bank or any other, wouldn't it be wiser to make gains with this fund - ie TBill, savings bonds, gic's whatever, and then use the extra money left over to buy hard goods such as gold, land, hardware, whatever - while the USD/canadian/AUS dollar are actually worth something?!
In other words...take the money and run while you can still buy something with it.
Given the world situation, I just don't believe in this 'buy and hold' mentality.
And if our dollars keep getting devalued and are constantly worth less, doesn't seem they'll be able to buy much in 10 years even if the TFSA/401k plan keeps 'growing' and gives one the illusion that they are 'millionaires' when in fact the dollar buys half as much as it used to.
Anyways that's just me hunch. Feel free to poke holes in it and tell me if you think it's inaccurate.
Always looking for new ideas or fresh insights/persepctives.
Title: Re: Will the World Financial System Collapse?
Post by: Oliver Clotheshoffe on May 31, 2023, 03:45:19 PM
Post by: Oliver Clotheshoffe on May 31, 2023, 03:45:19 PM
Title: Re: Will the World Financial System Collapse?
Post by: Adolf Oliver Bush on May 31, 2023, 04:40:30 PM
Post by: Adolf Oliver Bush on May 31, 2023, 04:40:30 PM
You do whatever you do mate. If I'm wrong and your hedge of stocks and minted gold win through for you, great. If I'm right... well, it's been nice knowing you all, I don't imagine much of the stuff you take for granted in the now is going to be worth a pinch of shit when it all goes down.Quote from: "Adolf Oliver Bush" post_id=502387 time=1685535595 user_id=3409
...interesting perspective.
Not necessarily what I or others would want to hear.
But your pov has its merits.
I too am somewhat doubtful about RRSPs, 401k plans, TFSA plans whatever you call 'em.
Y'know I was with a friend the other day recently retired & he showed me this website from one of the major Canadian banks which would be equivalent to one of the larger banks in the US like JP Morgan.
And it has this TFSA calculator.https://www.rbcroyalbank.com/investments/tfsa.html?utm_dc=ga_SEG_32398921_100067799035_605021343480_kwd-369681853179_c_g_&gad=1&gclid=Cj0KCQjw4NujBhC5ARIsAF4Iv6d8dJudVRnGBDQ1_8mem8k0aghsAnoe4fLDnANOaybcQBFjsLOn_GkaAlh2EALw_wcB
anyways, long story short, he advised me that if I constantly contribute to this fund for the next 30 years on a regular basis, that I will have this nest egg ready all throughout my retirement.
Now while I like my friend very much (BTW he is conservative like many of you in this forum) and think he's a very honest decent guy, I am somewhat skeptical about their claims. The website has this line that if you I keep giving money to them on a regular basis, soon, that amount will grow to $1 million compounded annually!!!
Now while I certainly don't knock anyone trying to grow their retirement fund or saving for retirement, in the back of my mind I have some doubts about this model. Rather than keeping or locking the money into this bank or any other, wouldn't it be wiser to make gains with this fund - ie TBill, savings bonds, gic's whatever, and then use the extra money left over to buy hard goods such as gold, land, hardware, whatever - while the USD/canadian/AUS dollar are actually worth something?!
In other words...take the money and run while you can still buy something with it.
Given the world situation, I just don't believe in this 'buy and hold' mentality.
And if our dollars keep getting devalued and are constantly worth less, doesn't seem they'll be able to buy much in 10 years even if the TFSA/401k plan keeps 'growing' and gives one the illusion that they are 'millionaires' when in fact the dollar buys half as much as it used to.
Anyways that's just me hunch. Feel free to poke holes in it and tell me if you think it's inaccurate.
Always looking for new ideas or fresh insights/persepctives.
Old age pensions were sold as being a government managed hedge against the citizen's winter years. Until they weren't, at which point governments partnered with business for a new system to pay into.
Anyone that believes the corporate managed superannuation schemes will not face the same fate as the old age pension is only kidding themselves.
You are putting your trust in systems with a proven track record of failure. Corruption, greed... these vices find their way in wherever wealth is perceived.
It only takes the swish of a pen and a little coercion to take it all from you. Most of you will "REEEEEE" when it happens. But that will not prevent it from happening.
Title: Re: Will the World Financial System Collapse?
Post by: caskur on May 31, 2023, 05:13:44 PM
Post by: caskur on May 31, 2023, 05:13:44 PM
it might be a good time to stock RICE, beans, and powdered milk.....
dont forget fire lighters, toothpaste, and plenty of vitamin C tablets.
Title: Re: Will the World Financial System Collapse?
Post by: Lokmar on May 31, 2023, 10:49:26 PM
Post by: Lokmar on May 31, 2023, 10:49:26 PM
(//%3C/s%3E%3CIMGUR%20id=%220gb2XQ7%22%3E%3CURL%20url=%22https://i.imgur.com/0gb2XQ7.jpg%22%3Ehttps://i.imgur.com/0gb2XQ7.jpg%3C/URL%3E%3C/IMGUR%3E%3Ce%3E)
Too bad YOU arent the White House Spokesman!!!!!
Title: Re: Will the World Financial System Collapse?
Post by: Lokmar on May 31, 2023, 10:50:55 PM
Post by: Lokmar on May 31, 2023, 10:50:55 PM
Title: Re: Will the World Financial System Collapse?
Post by: Herman on May 31, 2023, 10:54:24 PM
Post by: Herman on May 31, 2023, 10:54:24 PM
I tell my kids to opt out of SSI. They'll never get even a 10th back of what they'll put into it.
Opt out? That aint an option.
Title: Re: Will the World Financial System Collapse?
Post by: Lokmar on May 31, 2023, 11:00:34 PM
Post by: Lokmar on May 31, 2023, 11:00:34 PM
I tell my kids to opt out of SSI. They'll never get even a 10th back of what they'll put into it.
Opt out? That aint an option.
Amish or Mennonites are able to opt out due to a religious exemption.
Title: Re: Will the World Financial System Collapse?
Post by: Herman on May 31, 2023, 11:03:34 PM
Post by: Herman on May 31, 2023, 11:03:34 PM
Opt out? That aint an option.
Amish or Mennonites are able to opt out due to a religious exemption.
Are your kids Amish or Mennonite? There aint no opting out of our CPP.
Title: Re: Will the World Financial System Collapse?
Post by: Lokmar on May 31, 2023, 11:23:31 PM
Post by: Lokmar on May 31, 2023, 11:23:31 PM
Amish or Mennonites are able to opt out due to a religious exemption.
Are your kids Amish or Mennonite? There aint no opting out of our CPP.
No, but they are in Florida where Christian Scientists are everywhere.
Title: Re: Will the World Financial System Collapse?
Post by: Herman on May 31, 2023, 11:25:41 PM
Post by: Herman on May 31, 2023, 11:25:41 PM
Are your kids Amish or Mennonite? There aint no opting out of our CPP.
No, but they are in Florida where Christian Scientists are everywhere.
I guess they can try getting out of payroll taxes. It aint possible in Canada.
Title: Re: Will the World Financial System Collapse?
Post by: Adolf Oliver Bush on June 01, 2023, 08:31:14 AM
Post by: Adolf Oliver Bush on June 01, 2023, 08:31:14 AM
No, but they are in Florida where Christian Scientists are everywhere.
I guess they can try getting out of payroll taxes. It aint possible in Canada.
Sure it is, just start accepting alternative payment methods. Stuff that cannot be expressed in fiat currency and therefore cannot realistically be taxed.
Title: Re: Will the World Financial System Collapse?
Post by: Lokmar on June 01, 2023, 10:00:39 AM
Post by: Lokmar on June 01, 2023, 10:00:39 AM
No, but they are in Florida where Christian Scientists are everywhere.
I guess they can try getting out of payroll taxes. It aint possible in Canada.
Just for social security. There's no way other than a barter system like Adolph talked about to avoid income and sales taxes. Its all moot anyway because they wont listen to me.
Title: Re: Will the World Financial System Collapse?
Post by: DKG on June 01, 2023, 10:03:39 AM
Post by: DKG on June 01, 2023, 10:03:39 AM
I guess they can try getting out of payroll taxes. It aint possible in Canada.
Sure it is, just start accepting alternative payment methods. Stuff that cannot be expressed in fiat currency and therefore cannot realistically be taxed.
Employers are required to collect EI and CPP premiums from employees and pay them too.
Title: Re: Will the World Financial System Collapse?
Post by: Adolf Oliver Bush on June 02, 2023, 08:06:37 AM
Post by: Adolf Oliver Bush on June 02, 2023, 08:06:37 AM
Sure it is, just start accepting alternative payment methods. Stuff that cannot be expressed in fiat currency and therefore cannot realistically be taxed.
Employers are required to collect EI and CPP premiums from employees and pay them too.
The problem I think is that you are not thinking far enough outside the box. When I said "stuff that cannot be expressed in fiat currency", I meant "stuff that
The reason these assclowns keep such a hold over you is because you insist on doing things their way. Which is fine if you wish to comport yourself in such a manner, only from the amount of "REEEEEEEEEE" I hear out of some of you about it, I have to figure you have a problem with it.
If you have a problem with it, the solution is obvious - you need to change how you go about doing things. No sense in arguing with me about it; unless your goal is to be a defeatist who constantly wails how unfair it all is, you either seize your freedom and reap whatever rewards it brings or you accept the nice little cage they have for your body, your mind and your soul.
Title: Re: Will the World Financial System Collapse?
Post by: DKG on June 02, 2023, 09:36:40 AM
Post by: DKG on June 02, 2023, 09:36:40 AM
Employers are required to collect EI and CPP premiums from employees and pay them too.
The problem I think is that you are not thinking far enough outside the box. When I said "stuff that cannot be expressed in fiat currency", I meant "stuff thatcannotbe expressed in fiat currency".
The reason these assclowns keep such a hold over you is because you insist on doing things their way. Which is fine if you wish to comport yourself in such a manner, only from the amount of "REEEEEEEEEE" I hear out of some of you about it, I have to figure you have a problem with it.
If you have a problem with it, the solution is obvious - you need to change how you go about doing things. No sense in arguing with me about it; unless your goal is to be a defeatist who constantly wails how unfair it all is, you either seize your freedom and reap whatever rewards it brings or you accept the nice little cage they have for your body, your mind and your soul.
We're talking about different things.
Title: Re: Will the World Financial System Collapse?
Post by: Adolf Oliver Bush on June 02, 2023, 04:28:51 PM
Post by: Adolf Oliver Bush on June 02, 2023, 04:28:51 PM
The problem I think is that you are not thinking far enough outside the box. When I said "stuff that cannot be expressed in fiat currency", I meant "stuff thatcannotbe expressed in fiat currency".
The reason these assclowns keep such a hold over you is because you insist on doing things their way. Which is fine if you wish to comport yourself in such a manner, only from the amount of "REEEEEEEEEE" I hear out of some of you about it, I have to figure you have a problem with it.
If you have a problem with it, the solution is obvious - you need to change how you go about doing things. No sense in arguing with me about it; unless your goal is to be a defeatist who constantly wails how unfair it all is, you either seize your freedom and reap whatever rewards it brings or you accept the nice little cage they have for your body, your mind and your soul.
We're talking about different things.
Are we?
Then tell us all what you are talking about DKG. If not a financial collapse and how to best shield yourself from it, then what?
I tire of repeating myself, of finding different ways of explaining what I consider fairly basic, logical truths. Things like if the financial system has collapsed, money will not be worth a pinch of shit. It's all very well to bang on about the requirements of an employer/employee relationship as far as your fiscally irresponsible governments are concerned and if you are operating under a misguided sense of honour or loyalty to these assclowns... your funeral, my friend.
My work and the hedge I maintain for future uses has value. I do not intend to piss it up the wall and swan-dive down the plughole with mindless subservient arrangements of diminishing returns for my blood and sweat. If the system we are supposed to be paying attention to wasn't being so grossly mismanaged I might be more inclined to assist in its upkeep; it isn't so I would prefer excising it from my calculations where possible.
Title: Re: Will the World Financial System Collapse?
Post by: Shen Li on June 02, 2023, 04:37:49 PM
Post by: Shen Li on June 02, 2023, 04:37:49 PM
We're talking about different things.
Are we?Then tell us all what you are talking about DKG. If not a financial collapse and how to best shield yourself from it, then what?
I tire of repeating myself, of finding different ways of explaining what I consider fairly basic, logical truths. Things like if the financial system has collapsed, money will not be worth a pinch of shit. It's all very well to bang on about the requirements of an employer/employee relationship as far as your fiscally irresponsible governments are concerned and if you are operating under a misguided sense of honour or loyalty to these assclowns... your funeral, my friend.
My work and the hedge I maintain for future uses has value. I do not intend to piss it up the wall and swan-dive down the plughole with mindless subservient arrangements of diminishing returns for my blood and sweat. If the system we are supposed to be paying attention to wasn't being so grossly mismanaged I might be more inclined to assist in its upkeep; it isn't so I would prefer excising it from my calculations where possible.
My guess, would be this,
Employers are required to collect EI and CPP premiums from employees and pay them too.Quote
Title: Re: Will the World Financial System Collapse?
Post by: Adolf Oliver Bush on June 02, 2023, 05:03:52 PM
Post by: Adolf Oliver Bush on June 02, 2023, 05:03:52 PM
Are we?Then tell us all what you are talking about DKG. If not a financial collapse and how to best shield yourself from it, then what?
I tire of repeating myself, of finding different ways of explaining what I consider fairly basic, logical truths. Things like if the financial system has collapsed, money will not be worth a pinch of shit. It's all very well to bang on about the requirements of an employer/employee relationship as far as your fiscally irresponsible governments are concerned and if you are operating under a misguided sense of honour or loyalty to these assclowns... your funeral, my friend.
My work and the hedge I maintain for future uses has value. I do not intend to piss it up the wall and swan-dive down the plughole with mindless subservient arrangements of diminishing returns for my blood and sweat. If the system we are supposed to be paying attention to wasn't being so grossly mismanaged I might be more inclined to assist in its upkeep; it isn't so I would prefer excising it from my calculations where possible.
My guess, would be this,Employers are required to collect EI and CPP premiums from employees and pay them too.Quote
Yeah, I saw what he wrote. Mind you it was in direct response of me saying...
I guess they can try getting out of payroll taxes. It aint possible in Canada.
Sure it is, just start accepting alternative payment methods. Stuff that cannot be expressed in fiat currency and therefore cannot realistically be taxed.
...so presumably there's some connection between his response to my initial statement.
Coming back and saying we're talking about two separate things... well if so, then that's on him I'd imagine.
Title: Re: Will the World Financial System Collapse?
Post by: JOE on June 05, 2023, 12:50:10 AM
Post by: JOE on June 05, 2023, 12:50:10 AM
My work and the hedge I maintain for future uses has value..
...If you don't mind me asking Ollie, what hedge(s) do you deploy or intend to deploy to attain your financial security?
Title: Re: Will the World Financial System Collapse?
Post by: Adolf Oliver Bush on June 05, 2023, 05:07:20 AM
Post by: Adolf Oliver Bush on June 05, 2023, 05:07:20 AM
My work and the hedge I maintain for future uses has value..
...If you don't mind me asking Ollie, what hedge(s) do you deploy or intend to deploy to attain your financial security?
You may ask. Ask all you like.
Just know that I would be an utter fool to disclose details, security through obscurity being key. Additionally, the generalities I discussed directly with you some months ago now in this very forum did not recommend themselves to your sensibilities then and I really don't feel as though revisiting that discussion now would prove anything other than redundant.
Title: Re: Will the World Financial System Collapse?
Post by: JOE on June 05, 2023, 08:37:04 PM
Post by: JOE on June 05, 2023, 08:37:04 PM
...If you don't mind me asking Ollie, what hedge(s) do you deploy or intend to deploy to attain your financial security?
You may ask. Ask all you like.
Just know that I would be an utter fool to disclose details, security through obscurity being key. Additionally, the generalities I discussed directly with you some months ago now in this very forum did not recommend themselves to your sensibilities then and I really don't feel as though revisiting that discussion now would prove anything other than redundant.
Although we appear to be politically far apart Ollie, nonetheless I enjoy reading your insights on the current social, political economic situation/future Ollie
I too am concerned & those on the Left & Right agree on something.
I think the system could collapse or at very least decline til we become only 1/2 as wealth ( or less) than we are today.
Anyways, I don't mind sharing a bit of my strategy or what I intend to do.
1. I intend to stock up on at least 10 ounces of gold, 100 ounces of silver & other precious metals and then build a pile form there. Because I think it's one of the ways a person can beat inflation. As the dollar erodes in value, most of these metals will at least retain their true value. So even if the currency declines, you'll generally be able to buy the same amount of goods you do today 10 years from now. As you pointed out about the new BRICS - it is backed by gold and therefore gold will figure more prominently as part of the coming financial system.
2. Learn to barter as it will become an increasing means of exchange as the value of fiat currencies continues to decline. Going back the future I suppose. You fix my plumbing and I'll give you a chicken and a crate of eggs, etc.
3. Invest in commodities as well such wheat, coffee, minerals and oil. While I think it's OK to invest in the stock market, ETF's etc I just think that for every dollar invested in buy a dollar of gold too as insurance in case the system tanks. Or if you make money from your investments, take at least some off the table and buy gold and other commodities with it.
4. Buy stocks in companies that are safe and pay dividends. Have been around for at least 100 years and will be around for at least 100 more.
5. Buy some inexpensive land outside of the city, build a cabin grow food on it.
Good way to become rent free and pay lower land taxes as well
6. Become less dependent on the grid and manufacture your own energy such as using solar power.
7. Become less depending on petro such as powering your car or other vehicles
Anyways, feel free to poke holes in this strategy and what I have missed.
No right or wrong, just an opinion that's all.
Title: Re: Will the World Financial System Collapse?
Post by: Herman on June 05, 2023, 08:54:57 PM
Post by: Herman on June 05, 2023, 08:54:57 PM
Title: Re: Will the World Financial System Collapse?
Post by: DKG on June 05, 2023, 09:41:38 PM
Post by: DKG on June 05, 2023, 09:41:38 PM
For the umpteenth time Joe there aint no left or right in North America. We have rich autoritarian progs and working class folks like me who aoppose their tyranny and folks like you who shill or them.
Joe doesn't read what people write. He is a troll, he doesn't care.
Title: Re: Will the World Financial System Collapse?
Post by: Adolf Oliver Bush on June 06, 2023, 04:16:10 AM
Post by: Adolf Oliver Bush on June 06, 2023, 04:16:10 AM
Anyways, feel free to poke holes in this strategy and what I have missed.
Already done, months ago. It didn't recommend itself to your sensibilities either.
Title: Re: Will the World Financial System Collapse?
Post by: Frood on June 06, 2023, 04:37:09 AM
Post by: Frood on June 06, 2023, 04:37:09 AM
You may ask. Ask all you like.
Just know that I would be an utter fool to disclose details, security through obscurity being key. Additionally, the generalities I discussed directly with you some months ago now in this very forum did not recommend themselves to your sensibilities then and I really don't feel as though revisiting that discussion now would prove anything other than redundant.
Although we appear to be politically far apart Ollie, nonetheless I enjoy reading your insights on the current social, political economic situation/future Ollie
I too am concerned & those on the Left & Right agree on something.
I think the system could collapse or at very least decline til we become only 1/2 as wealth ( or less) than we are today.
Anyways, I don't mind sharing a bit of my strategy or what I intend to do.
1. I intend to stock up on at least 10 ounces of gold, 100 ounces of silver & other precious metals and then build a pile form there. Because I think it's one of the ways a person can beat inflation. As the dollar erodes in value, most of these metals will at least retain their true value. So even if the currency declines, you'll generally be able to buy the same amount of goods you do today 10 years from now. As you pointed out about the new BRICS - it is backed by gold and therefore gold will figure more prominently as part of the coming financial system.
2. Learn to barter as it will become an increasing means of exchange as the value of fiat currencies continues to decline. Going back the future I suppose. You fix my plumbing and I'll give you a chicken and a crate of eggs, etc.
3. Invest in commodities as well such wheat, coffee, minerals and oil. While I think it's OK to invest in the stock market, ETF's etc I just think that for every dollar invested in buy a dollar of gold too as insurance in case the system tanks. Or if you make money from your investments, take at least some off the table and buy gold and other commodities with it.
4. Buy stocks in companies that are safe and pay dividends. Have been around for at least 100 years and will be around for at least 100 more.
5. Buy some inexpensive land outside of the city, build a cabin grow food on it.
Good way to become rent free and pay lower land taxes as well
6. Become less dependent on the grid and manufacture your own energy such as using solar power.
7. Become less depending on petro such as powering your car or other vehicles
Anyways, feel free to poke holes in this strategy and what I have missed.
No right or wrong, just an opinion that's all.
You shouldn't bother.
It would be like a really old 3 year old trying to run the Boston Marathon.
Just make love to your comic books and Queen Elizabeth stamps while you still can. They're going to miss you.
Title: Re: Will the World Financial System Collapse?
Post by: JOE on June 10, 2023, 09:12:13 PM
Post by: JOE on June 10, 2023, 09:12:13 PM
For the umpteenth time Joe there aint no left or right in North America. We have rich autoritarian progs and working class folks like me who aoppose their tyranny and folks like you who shill or them.
Joe doesn't read what people write. He is a troll, he doesn't care.
Actually, I was gonna ask you, why do you think I'm a troll or trolling?
As you're probably aware, the stability and viability of the US financial system has been a topic lately.
Not just among conspiracy theorists, but representatives of the financial establishment in America
ie:
Guys like Charlie Munger aint Leftists, DKG.
These are people you aspire to be like or wanna be.
Rich and successful.
And with the collapse or near collapse of banks such as SVB, First Republic & Credit Suisse, is it any wonder that the public questions the viability of the World financial system?
so when individuals like Charlie Munger or Ray Dalio sound warnings about it, should we all just stick our heads in the sand and ignore them, DKG?
Title: Re: Will the World Financial System Collapse?
Post by: Lokmar on June 12, 2023, 08:51:31 PM
Post by: Lokmar on June 12, 2023, 08:51:31 PM
Read Revelation 18 if you want to know what happens to the rest of the world once we get what we deserve.
Title: Re: Will the World Financial System Collapse?
Post by: Frood on June 14, 2023, 04:33:38 AM
Post by: Frood on June 14, 2023, 04:33:38 AM
And I'm just talking industrial or business costs...
Just as soon as you realize that the more you've owned, the more you'll have to pay until such time as you can't pay any longer, and then you won't own it.
This is what are global authoritarian cocksucking leaders intended... like vampires, they've bleed people out to an inch of their pulses failing, then moved on to the next free feed.
It's a slight of hand type of subterfuge. We will never officially be not free... we just won't have the resources we worked hard for, bet on, considered as all but a foregone conclusion.
My solution is to own less... reduce your exposure. Be prepared to do things to exist few would ever contemplate.
That is the future of freedom.
Until they work out a narrative to combat that because it's becoming way too popular.
Title: Re: Will the World Financial System Collapse?
Post by: caskur on June 14, 2023, 04:48:46 AM
Post by: caskur on June 14, 2023, 04:48:46 AM
Title: Re: Will the World Financial System Collapse?
Post by: caskur on June 14, 2023, 04:50:25 AM
Post by: caskur on June 14, 2023, 04:50:25 AM
Title: Re: Will the World Financial System Collapse?
Post by: Frood on June 14, 2023, 05:34:38 AM
Post by: Frood on June 14, 2023, 05:34:38 AM
Also they can't take it with them.... Economic Vampires die too.
The babies they raised won't.
Those babies never had a pulse and are hard to stop.
Title: Re: Will the World Financial System Collapse?
Post by: caskur on June 14, 2023, 05:56:40 AM
Post by: caskur on June 14, 2023, 05:56:40 AM
Also they can't take it with them.... Economic Vampires die too.
The babies they raised won't.
Those babies never had a pulse and are hard to stop.
Very true but they will get executed for their money and property.
you'll see.
Title: Re: Will the World Financial System Collapse?
Post by: Frood on June 14, 2023, 05:58:21 AM
Post by: Frood on June 14, 2023, 05:58:21 AM
The babies they raised won't.
Those babies never had a pulse and are hard to stop.
Very true but they will get executed for their money and property.
you'll see.
Those babies ARE money and property, highlighted by a surname.
Title: Re: Will the World Financial System Collapse?
Post by: caskur on June 14, 2023, 06:10:57 AM
Post by: caskur on June 14, 2023, 06:10:57 AM
Title: Re: Will the World Financial System Collapse?
Post by: Frood on June 14, 2023, 06:30:47 AM
Post by: Frood on June 14, 2023, 06:30:47 AM
Title: Re: Will the World Financial System Collapse?
Post by: Thiel on June 14, 2023, 12:55:21 PM
Post by: Thiel on June 14, 2023, 12:55:21 PM
Joe doesn't read what people write. He is a troll, he doesn't care.
Actually, I was gonna ask you, why do you think I'm a troll or trolling?
As you're probably aware, the stability and viability of the US financial system has been a topic lately.
Not just among conspiracy theorists, but representatives of the financial establishment in America
ie:https://youtube.com/shorts/9JUZkjqjw68?feature=share
Guys like Charlie Munger aint Leftists, DKG.
These are people you aspire to be like or wanna be.
Rich and successful.
And with the collapse or near collapse of banks such as SVB, First Republic & Credit Suisse, is it any wonder that the public questions the viability of the World financial system?
so when individuals like Charlie Munger or Ray Dalio sound warnings about it, should we all just stick our heads in the sand and ignore them, DKG?
Trolling or not Joe, I still want you.
Title: Re: Will the World Financial System Collapse?
Post by: JOE on June 14, 2023, 08:44:03 PM
Post by: JOE on June 14, 2023, 08:44:03 PM
Just as soon as you realize that the more you've owned, the more you'll have to pay until such time as you can't pay any longer, and then you won't own it.Quote from: Frood post_id=503317 time=1686731618 user_id=1676
...have a relative like that.
Lives in this luxurious condo his sister passed down to him when she died.
But now, he can barely keep up with the strata/HOA fees.
So he takes out a reverse mortgage a lot and of course every time he does, bit by bit his equity keeps getting eroded/eaten away. and when the complex needs repairs, they ding him $10,000, $50,000 whatever even the damage or repairs needed don't even affect his side of the building.
After seeing what he's gone through, I've decided never to buy a condo.
And he's 87 going on 90 and he still works at menial jobs jut to make ends meet.
So last I hears is he says he probably on't be able to hang on to it.
Me 'n the siblings were supposed ta get a cut out of it. through an inheritance.
Oh well, not anymore.
In those kinda situations at best they're just glorified renters.
Just like you say, the system is rigged so in the end people won't own anything.
Those developers in partiular, are scheisters. Blood sucking Vampies is right
Title: Re: Will the World Financial System Collapse?
Post by: JOE on June 14, 2023, 09:01:16 PM
Post by: JOE on June 14, 2023, 09:01:16 PM
This is what are global authoritarian cocksucking leaders intended... like vampires, they've bleed people out to an inch of their pulses failing, then moved on to the next free feed.Quote from: Frood post_id=503317 time=1686731618 user_id=1676
It's a slight of hand type of subterfuge. We will never officially be not free... we just won't have the resources we worked hard for, bet on, considered as all but a foregone conclusion.
My solution is to own less... reduce your exposure. Be prepared to do things to exist few would ever contemplate.
That is the future of freedom.
Until they work out a narrative to combat that because it's becoming way too popular.
Actually I met this guy at this investment seminar who told the audience that he'd gone broke and had to declare bankruptcy. He had a wife and kids to support so the only way he saw out of his mess was to seek a debt settlement with his creditors. He thought this might be sufficient to ward them off, buy time and hang onto some of his assets such as his house and retirement savings
Anyways what happened was the creditors rejected his debt settlement offer, then raided his retirement savings and repossessed his home. So I an imagine what he and his family musta gone through. He was left with nothing & had to rebuild his life all over again with all the pain that went along with it.
Point being...if only he had a stash of hard assets such as gold stored in the ground, mighta offered hims some extra protection so he could hang on to at least some of it. I suppose they want people to pour all their savings into gic's, 401k plans, retirement savings so if they need to they can just take vacuum cleaner to these digitally stored assets.
Now I somewhat understand why in Roman Times all these people stashed hoards of gold and silver in the ground (which they are now uncovering). Perhaps when the Empire began to curumble, times got bad they sought protection against governments that sought to expropriate their properties or wanted more money from them all the time.
Title: Re: Will the World Financial System Collapse?
Post by: Lokmar on June 14, 2023, 11:56:21 PM
Post by: Lokmar on June 14, 2023, 11:56:21 PM
This is what are global authoritarian cocksucking leaders intended... like vampires, they've bleed people out to an inch of their pulses failing, then moved on to the next free feed.Quote from: Frood post_id=503317 time=1686731618 user_id=1676
It's a slight of hand type of subterfuge. We will never officially be not free... we just won't have the resources we worked hard for, bet on, considered as all but a foregone conclusion.
My solution is to own less... reduce your exposure. Be prepared to do things to exist few would ever contemplate.
That is the future of freedom.
Until they work out a narrative to combat that because it's becoming way too popular.
Actually I met this guy at this investment seminar who told the audience that he'd gone broke and had to declare bankruptcy. He had a wife and kids to support so the only way he saw out of his mess was to seek a debt settlement with his creditors. He thought this might be sufficient to ward them off, buy time and hang onto some of his assets such as his house and retirement savings
Anyways what happened was the creditors rejected his debt settlement offer, then raided his retirement savings and repossessed his home. So I an imagine what he and his family musta gone through. He was left with nothing & had to rebuild his life all over again with all the pain that went along with it.
Point being...if only he had a stash of hard assets such as gold stored in the ground, mighta offered hims some extra protection so he could hang on to at least some of it. I suppose they want people to pour all their savings into gic's, 401k plans, retirement savings so if they need to they can just take vacuum cleaner to these digitally stored assets.
Now I somewhat understand why in Roman Times all these people stashed hoards of gold and silver in the ground (which they are now uncovering). Perhaps when the Empire began to curumble, times got bad they sought protection against governments that sought to expropriate their properties or wanted more money from them all the time.(//%3C/s%3E%3CURL%20url=%22https://media.cnn.com/api/v1/images/stellar/prod/180910100856-03-roman-gold-coins.jpg?q=x_2,y_0,h_898,w_1596,c_crop/h_720,w_1280/f_webp%22%3E%3CLINK_TEXT%20text=%22https://media.cnn.com/api/v1/images/ste%20...%20280/f_webp%22%3Ehttps://media.cnn.com/api/v1/images/stellar/prod/180910100856-03-roman-gold-coins.jpg?q=x_2,y_0,h_898,w_1596,c_crop/h_720,w_1280/f_webp%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)
I have guns. With them, I can take whatever the fuck I want during SHTF.
Title: Re: Will the World Financial System Collapse?
Post by: DKG on June 15, 2023, 02:00:36 AM
Post by: DKG on June 15, 2023, 02:00:36 AM
Actually, I was gonna ask you, why do you think I'm a troll or trolling?
As you're probably aware, the stability and viability of the US financial system has been a topic lately.
Not just among conspiracy theorists, but representatives of the financial establishment in America
ie:https://youtube.com/shorts/9JUZkjqjw68?feature=share
Guys like Charlie Munger aint Leftists, DKG.
These are people you aspire to be like or wanna be.
Rich and successful.
And with the collapse or near collapse of banks such as SVB, First Republic & Credit Suisse, is it any wonder that the public questions the viability of the World financial system?
so when individuals like Charlie Munger or Ray Dalio sound warnings about it, should we all just stick our heads in the sand and ignore them, DKG?
Trolling or not Joe, I still want you.ac_lovestruck
Title: Re: Will the World Financial System Collapse?
Post by: Frood on June 15, 2023, 02:56:34 AM
Post by: Frood on June 15, 2023, 02:56:34 AM
Just as soon as you realize that the more you've owned, the more you'll have to pay until such time as you can't pay any longer, and then you won't own it.Quote from: Frood post_id=503317 time=1686731618 user_id=1676
...have a relative like that.
Lives in this luxurious condo his sister passed down to him when she died.
But now, he can barely keep up with the strata/HOA fees.
So he takes out a reverse mortgage a lot and of course every time he does, bit by bit his equity keeps getting eroded/eaten away. and when the complex needs repairs, they ding him $10,000, $50,000 whatever even the damage or repairs needed don't even affect his side of the building.
After seeing what he's gone through, I've decided never to buy a condo.
And he's 87 going on 90 and he still works at menial jobs jut to make ends meet.
So last I hears is he says he probably on't be able to hang on to it.
Me 'n the siblings were supposed ta get a cut out of it. through an inheritance.
Oh well, not anymore.
In those kinda situations at best they're just glorified renters.
Just like you say, the system is rigged so in the end people won't own anything.
Those developers in partiular, are scheisters. Blood sucking Vampies is right
In the end nobody owns anything, Joe.
It's called death.
Title: Re: Will the World Financial System Collapse?
Post by: JOE on June 15, 2023, 11:39:47 AM
Post by: JOE on June 15, 2023, 11:39:47 AM
The biggest problem with the U.S. Dollar tanking is the rest of the world is so heavily dependent on our consumerism.
Read Revelation 18 if you want to know what happens to the rest of the world once we get what we deserve.
Here's that scenario unfolding described by Billionaire Charlie Munger who's 100 years old & seen it all from the Great Depression, WWII, America's post war economic post war boom to the present:
Take time to watch the video it's really interesting no matter which side of the political fence you're on & where we might be headed.
He describes ENVY as being one of the main drivers of America and the Western World's flaws.
In other words, buying shit we don't need, eh Lokmar?
Title: Re: Will the World Financial System Collapse?
Post by: Lokmar on June 18, 2023, 01:39:38 AM
Post by: Lokmar on June 18, 2023, 01:39:38 AM
The biggest problem with the U.S. Dollar tanking is the rest of the world is so heavily dependent on our consumerism.
Read Revelation 18 if you want to know what happens to the rest of the world once we get what we deserve.
Here's that scenario unfolding described by Billionaire Charlie Munger who's 100 years old & seen it all from the Great Depression, WWII, America's post war economic post war boom to the present:https://youtu.be/4XNxJk1DSoQ
Take time to watch the video it's really interesting no matter which side of the political fence you're on & where we might be headed.
He describes ENVY as being one of the main drivers of America and the Western World's flaws.
In other words, buying shit we don't need, eh Lokmar?
I've watched it before. With the money being devalued, its idiotic to save wealth in fiat. Either buy junk silver like I fukin told you or buy whatever you want today because your dollars will be worthless tomorrow.
Title: Re: Will the World Financial System Collapse?
Post by: JOE on June 18, 2023, 02:03:42 AM
Post by: JOE on June 18, 2023, 02:03:42 AM
Here's that scenario unfolding described by Billionaire Charlie Munger who's 100 years old & seen it all from the Great Depression, WWII, America's post war economic post war boom to the present:
Take time to watch the video it's really interesting no matter which side of the political fence you're on & where we might be headed.
He describes ENVY as being one of the main drivers of America and the Western World's flaws.
In other words, buying shit we don't need, eh Lokmar?
I've watched it before. With the money being devalued, its idiotic to save wealth in fiat. Either buy junk silver like I fukin told you or buy whatever you want today because your dollars will be worthless tomorrow.
I dunno.
Been thinkin' that gold, silver, junk silver will only take a person so far.
These urban 'survivalists' seem to forget other basics such as food, fresh air, water, shelter, accessibility t transport, like a car, boat, plane, etc. fuel for your vehicle.
Whatever form it comes in, Money can certainly buy things, but it won't necessarily be a substitute for the basics.
Didn't the pandemic teach them anything?
Person ought a build a store of food or else learn to grow, fish or hunt it.
Title: Re: Will the World Financial System Collapse?
Post by: Frood on June 18, 2023, 02:19:39 AM
Post by: Frood on June 18, 2023, 02:19:39 AM
I've watched it before. With the money being devalued, its idiotic to save wealth in fiat. Either buy junk silver like I fukin told you or buy whatever you want today because your dollars will be worthless tomorrow.
I dunno.
Been thinkin' that gold, silver, junk silver will only take a person so far.
These urban 'survivalists' seem to forget other basics such as food, fresh air, water, shelter, accessibility t transport, like a car, boat, plane, etc. fuel for your vehicle.
Whatever form it comes in, Money can certainly buy things, but it won't necessarily be a substitute for the basics.
Didn't the pandemic teach them anything?
Person ought a build a store of food or else learn to grow, fish or hunt it.
You're already behind the eight ball, dude....
You know virtually nothing and don't know how to substitute things for basic survival.
Even if you hit a rabbit dead with a makeshift slingshot, you wouldn't know how to process it to a meal.
You're basically the walking dead.... with daydreams.
Title: Re: Will the World Financial System Collapse?
Post by: JOE on June 23, 2023, 10:11:10 AM
Post by: JOE on June 23, 2023, 10:11:10 AM
Title: Re: Will the World Financial System Collapse?
Post by: Oerdin on June 23, 2023, 01:09:38 PM
Post by: Oerdin on June 23, 2023, 01:09:38 PM
Title: Re: Will the World Financial System Collapse?
Post by: JOE on July 23, 2023, 03:53:08 PM
Post by: JOE on July 23, 2023, 03:53:08 PM
...the coming Re-set?
https://youtu.be/UvU734u-JLs
https://youtu.be/UvU734u-JLs