The Coming Financial Abyss

Discussion in 'News, Current Events, and Politics' started by poltiregist, Mar 31, 2020.

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  1. poltiregist

    poltiregist Legendary Survivalist
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    The entire globe is teetering on falling into financial abyss . As manufacturing stops or slows , physical goods are not being created . More and more people out of work looking for the government to send them a check . Understandably why here in the U.S. President Trump is trying to find a way for workers to return to work regardless whether the virus is still rampaging and actually increasing . Have we reached the top of that teetering point , or perhaps we are sitting on top of that sharp teetering point with it sticking up our butts , or have we done passed the point of no return and are on our way to financial armagedan ?
     
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  2. Pragmatist

    Pragmatist Master Survivalist
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    Good morning Poltiregist,

    We've already been sitting on that teetering point.

    More of a quarantine or sending more back into the workplace - includes truckers, Glen Campbell lineman categories - has much less to do with addressing a pandemic and more so with labor economics and wealth acquisition.

    The $2.2 Trillion involves the USG getting equity position in major US flag airlines. Watch excess capacity along with surplus, useless, overpaid labor no longer flying the friendly skies.

    Team Trump can (I personally believe is currently doing this) fix the public pension cancer. They will evaporate.

    Social Security retirement checks will be means-tested. If applicant has another source of $, there will be no Social Security check.

    I do not know what the national health care delivery planned system will be but, so far, it looks like the Chinese model. New York City's MedicAid checks for non-medical matters are going away.

    I'm watching how Team Trump will collapse the bloated university systems throughout the fruited plain. They interfere with the fruit trees. Distance learning via IT is an ideal use of technology. The professors will be obliged to cancel their Cuban sugar cane harvest trip.

    The residential housing market might revert to Ralph and Alice Cramdon of the "Honeymooners" apartment unless one is economically productive.

    The financial markets will readjust with the rich remaining rich.

    Not too much is new under the sun.
     
  3. F22 Simpilot

    F22 Simpilot Master Survivalist
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    What we need to do now, and this is very important, is really try and foster industrial growth here in this country via tax and regulation incentives. We should also create coronavirus bonds to help with the massive amount of money being spent now. This in turn will foster the bull market and keep wealth and GDP on the conveyor belt.
     
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  4. Sourdough

    Sourdough "eleutheromaniac"
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    I think that conveyer belt is FUBAR. Seriously FUBAR. Better to concentrate on finding a place to hide.
     
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  5. poltiregist

    poltiregist Legendary Survivalist
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    I am not a tech guy on finances but think right now we are siting on top of that sharp pointed teetering point with a strong wind about to blow us onto and sliding down the side of financial abyss of no return . Looking at Venezuela as what all countries may soon look like . In short " teotwawki " .
     
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  6. Sourdough

    Sourdough "eleutheromaniac"
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    True........But it does not alter what people should be doing, in-fact should have completed. However it sure appears to me that few have done what is needed, and sadly that includes nearly all "So called" preppers.

    People (including Preppers) seems to have not really taken this seriously. And that sucks for me. I think people are going to shit themselves when they come to grips with how unbelievably fast everything is going to become "Deadly" serious. "Deadly"
     
  7. randyt

    randyt Master Survivalist
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    I think it will affect some worse than others. For example my grandparents didn't even now the great depression happened.
     
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  8. poltiregist

    poltiregist Legendary Survivalist
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    I totally agree especially the part quote ,People ( including preppers ) seems to have not really taken this seriously .
     
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  9. randyt

    randyt Master Survivalist
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    What are some of the indicators that preppers are not taking it seriously?
     
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  10. Caribou

    Caribou Master Survivalist
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    My wife is taking COVID seriously but she can't see beyond. Too many are like that. She doesn't see that this is a weapon. It's too uncomfortable for that to be true so it isn't.
     
  11. Sourdough

    Sourdough "eleutheromaniac"
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    They are not asking the correct questions, that would indicate they fully grasped what is coming.

    For nearly "ALL" who consider themselves "Preppers"..........this whole prepping thing is "entertainment". Nothing more then "entertainment". It is just pretend, it is little more then masturbating about prepping.
     
    Last edited: Mar 31, 2020
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  12. poltiregist

    poltiregist Legendary Survivalist
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    Prepping as a whole " not just this Virus " if a person was serious they would have a remote survival retreat that was actually sustainable with a natural water source . If that pi--es off a lot of folks so be it . I can not say what constitutes a prepper , perhaps one extra can of beans . The question though was based on what constitutes a serious prepper .
     
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  13. Pragmatist

    Pragmatist Master Survivalist
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    Good morning F-22,

    Tax events, regulatory programs and coronavirus bonds will not / cannot work. The administrative organizations are too corrupt and ineffective. A new foundation is required (like Space Force, like DHS replacing DOD).

    The real, currently produced, US wealth is used to pay off debt currently due foreign creditors.

    GDP is finished. Prior to China's Diem reforming their economy, the US produced ~ 40 % of the world's goods and services (measured by GDP). Today the US produces ~ 20 %. China's work force is more productive than is the US work force.

    I'm not a pessimist; just pragmatic about it. There is Western Civilization's "hope". Hope requires a miracle.

    Only Team Trump can stop the national pastime becoming mah jong games.

    We can discuss this in detail at the National Endowment for the Humanities emergency meeting.
     
  14. Old Geezer

    Old Geezer Legendary Survivalist
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    And besides, everyone is dumping China due to that nation's lack of stability. This time it was a plague. Next time it could be China in the middle of a war. India is going to come out of this as one of the winners -- even if India looses 1/3 of their population to some virus. Too many countries have been single-sourcing and using China as that source. Talk about getting burned!

    With industrial automation, America can deep-six China. This is not some theory on my part, I've been a part of the industrial world and while there was exposed to many varying product types. I have personally known the people who have set-up operations that replaced Chinese products. I worked with these guys.

    Pharmaceuticals have been caught with their pants down during this coronavirus plague. Without Chinese products used in the manufacturing of pharm products and what with Chinese pharms not having finished goods such as commonly-used drugs (antibiotics for example), American pharms are having to step up to the plate and double/triple production rates. It can and has been done.

    Don't let anyone tell you that we can't defeat China. America also is a country not alone in its efforts to replace Chinese sourcing. Post Covid-19, China is going to take it in the teeth economically.
     
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  15. Old Geezer

    Old Geezer Legendary Survivalist
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    "IMF, World Bank & 10 Countries Held Alarming "Simulation" Of Global Financial System Collapse"

    https://www.zerohedge.com/markets/i...g-simulation-global-financial-system-collapse

    "Earlier this month Reuters produced a report which didn't receive nearly enough attention among the American public - its contents would be sure to alarm most people concerned with the outbreak of yet more 'global catastrophes'. At the very least it's curious timing: amid the recent pandemic induced disruption in global supply chains, powerful nations and banking institutions decided to get together to run a global economic collapse scenario.

    "The report described that Israel led a '10-country simulation of a major cyber attack on the global financial system in an attempt to increase cooperation that could help to minimize any potential damage to financial markets and banks.' It was centered on a catastrophic scenario in which "hackers were 10 steps ahead of us," according to one official who took part.

    "Ostensibly what was a 'successful' ten day exercise was aimed toward each country being prepared to contain the global damage coming from some kind of major cyber event or threat. The key takeaway was that only through rapid global cooperation and open communication among nations, would there be opportunity to prevent total collapse of the global (or perhaps rather Western-led) financial system.

    "Interestingly, some participants said in reality they would in reality move faster than in the simulation in the instance of a cyber disruption of that scale. They said 'in a real cyber attack situation governments would take action more quickly than in the simulation,' according to Reuters. 'One European financial official said that in the case of such of an attack, his country would not wait 10 days to act.'

    "However, we doubt much of the Western public will feel 'comforted' by global elites engaged in a simulated global meltdown 'readiness' scenario. Again, as if 2020 and 2021 under the pandemic weren't enough of a 'real world' disaster and crisis scenario, one questions the need to game out a 'pretend' scenario in the first place."
    .
     
  16. Old Geezer

    Old Geezer Legendary Survivalist
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    "Expiring Digital Currency – Ration Cards of the Future?"
    -- Henry Makow

    https://truth11.com/2021/12/29/expiring-digital-currency-ration-cards-of-the-future/

    "Combined with digital ID (implemented under the guise of vaccine passports), central bank digital currency will lead to a new form of slavery where constant compliance with every demand of the elite is required to obtain the basic necessities of life.

    "The Bank of Canada recently published a paper,
    https://www.bankofcanada.ca/wp-content/uploads/2021/12/swp2021-67.pdf
    outlining a proposal for a central bank digital currency (CBDC) which expires.

    "When the World Economic Forum says “You will own nothing, and you will be happy”, they aren’t joking. If they get their way, you won’t even be able to save money and will be living hand-to-mouth. Digital currency will be like a high-tech ration card, only valid for a given time and not renewed unless you are sufficiently obedient to the state."

    upload_2022-1-1_14-10-48.png
    --------------------------------------------------------------------------

    "Get Your Money Out of the Bank – Prepare for What is Coming! — Global Financial Reset"

    https://www.mydailyinformer.com/get...re-for-what-is-coming-global-financial-reset/

    "Pull your Money out of The Banks , As we are headed for a Global Financial Reset The New York Fed Adds another $115.14 Billion in Short-Term Liquidity to Markets . Additions include $80.14 billion in overnight repurchase agreement and $35 billion 14-day repo. The federal reserve is nothing but a loan shark for the deficit spending government. It’s the government’s fault for all this monetary mess, not the banksters.

    "The banks don’t trust each other or are out for themselves like JP Morgan , or are failing like Deutsche Bank. But yet American public is not purchasing American Silver Eagles like years ago but are continuing to trust the banks. The public is asleep! The Federal Reserve cannot borrow or create the amount of currency needed to continue its operations fast enough. What is going on? What are they afraid of? It appears that JP Morgan had the narcotic proceeds confiscated, and to cover their cash losses, they raided the REPO holdings and drained the pool.

    "The actions of one bank have forced/excused the Federal Reserve’s attempts to bail. Watch closely as the Federal Reserve Balance Sheet balloons to at least $8 Trillion, while the Gross National Debt climbs above $33-35 Trillion over the next 12-18 months. THE INCREASE IN DEBT IS MONEY THE BANKERS OWE TO AMERICAN CITIZENS. The bankers are all criminals"

    [​IMG]
     
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  17. Old Geezer

    Old Geezer Legendary Survivalist
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    "The Imbecile King who put his foot on the gas pedal"

    https://www.sovereignman.com/trends/the-imbecile-king-who-put-his-foot-on-the-gas-pedal-34193/

    "Charles II was only three years old when he became the supreme ruler of the Spanish Empire in 1665. But anyone who took just one look at the child knew they were all doomed.

    "Charles had come from a long line of prominent European nobles known as the Habsburgs– a family so exclusive that they frequently married one another in order to keep their blood line ‘pure’.

    "Genetic defects abounded at as result.

    "Charles II inherited some of the worst of these genetic defects; his father and mother were uncle/niece. And his grandparents were first cousins.

    "So it comes as no surprise that Charles II was deformed, spindly, weak, constantly sick, and partially paralyzed. He was also referred to by his contemporaries as the ‘imbecile king’ for his slow-witted stupidity.

    "Spain had been the dominant European superpower only a century prior to Charles II. It had vast colonies all over the world, a terrifying army and navy, and unimaginable wealth.

    "But history proves that an Empire’s wealth and power never last forever.

    "And even well before Charles II took the throne, Spanish rulers were already running everything into the ground.

    "The government [of Spain] also predictably began rapidly expanding the money supply and debasing its own currency… resulting in one of the worst long-term episodes of inflation in all of human history up to that point.

    "Spain’s Emperors also began interfering heavily in trade and commerce; they passed rules granting special monopolies to favored businesses, essentially killing off competition, and they inserted extreme government bureaucracy into some of the most important industries like shipping and mining.

    "In the early 1400s and early 1500s, the seas were teeming with Spanish explorers– Cortes, Pizarro, de Soto, Ponce de Leon, etc. These men were regarded as national heroes in Spain, and international trade was considered a highly respected industry.

    "By the mid 1600s, however, trade, commerce, and production had all fallen out of favor. Traders and industrialists were viewed with suspicion instead of esteem.

    "The economies in cities like Valencia, which had once been famous for its factories and high quality products, quickly decayed. And suddenly Spain found itself importing most of its goods and services from its chief rivals– France, England, and the Netherlands.

    "Meanwhile the Spanish Inquisition was busy killing off thousands of intellectuals… and condemning tens of thousands more to life imprisonment.

    "Their crime? Expressing independent thought that differed from the official narrative.

    "Spain’s message to the world was clear: freedom of thought had no place in the Empire. So anyone capable of innovation stayed as far away as possible.

    "And that’s when Charles II took the throne.

    "In other words, a weak, mentally incompetent fool was put in charge of an Empire that was already in serious decline… and whose chief rivals were rising rapidly.

    "You don’t need a PhD in European History to figure out how that movie ended: the situation became much worse under Charles II."

    upload_2022-1-3_20-16-37.png
     
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  18. lonewolf

    lonewolf Legendary Survivalist Staff Member
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    history repeating itself yet again?
     
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  19. Old Geezer

    Old Geezer Legendary Survivalist
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    https://www.zerohedge.com/crypto/war-cash-digital-dollar

    "Last week, the Federal Reserve released a “discussion paper” examing the pros and cons of a potential US central bank digital dollar. According to the Federal Reserve press release, the central bank hopes to get public feedback on the idea.

    "Government-issued digital currencies are sold on their promise of convenience and security. But there is a darker side – the promise of control.

    "Digital dollars would be similar to bitcoin and other cryptocurrencies. They would exist as virtual banknotes or coins held in a digital wallet on your computer or smartphone. The difference between a government digital currency and bitcoin is the value of the digital currency is backed and controlled by the state, just like traditional fiat currency.

    "The digital dollar could ultimately replace physical cash. Proponents tout its convenience and security. A Business Insider article gushed over the idea.

    "Last year, China launched a digital yuan pilot program. The Chinese government-backed digital currency got a boost when the country’s biggest online retailer announced the first virtual platform to accept the Chinese digital currency. China isn’t the only government exploring the possibility of digital money. Sweden has developed a digital currency of its own. The European Central Bank is pushing for a digital euro. And Russian central bank governor Elvira Nabiullina told CNBC that digital currency is 'the future of our financial system.'”


    upload_2022-1-30_4-39-46.png
     
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  20. poltiregist

    poltiregist Legendary Survivalist
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    Likely governments will work to have a universal digital currency that would incorporate as many countries as they can pull together on the scheme . A date will be set to turn in your paper and metal money in exchange for the digital currency . Precious metals could very well be included in the turn in or lose proclamation . At least that is my personal assessment . My group will not be participating in this scheme " if it includes scanning body parts " just like we refuse to submit to the government's so called vaccine . --- Such government tyranny is the reason we prepared for self sufficiency .
     
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  21. Old Geezer

    Old Geezer Legendary Survivalist
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    Where I'm from, people will abide by laws that are reasonable and Constitutional.

    People will NOT abide by laws that are stupid, anti-Constitutional, and anti-Christian.

    The men in my family were felons. However, that wasn't anything rare whatsoever. When the federal boys would show up, the word went out like bolts of lightning. "Death before dishonor." The soldiers from my region of the country came back from war either with medals on their chest or in a body bag (bronze star for an uncle of mine, but he should have gotten the silver star as did his commanding officer who he enabled). Challenge people like that and see what it buys you. The people here do not only own high-powered rifles, they'll use them. And, they are practiced.
    .
    .
     
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  22. lonewolf

    lonewolf Legendary Survivalist Staff Member
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    there is an old saying, something about "it is better to Jaw-Jaw than War-War", violence should be a last resort not the first thought.
     
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  23. Old Geezer

    Old Geezer Legendary Survivalist
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  24. poltiregist

    poltiregist Legendary Survivalist
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    I consider $200,00 a barrel for oil to be very possible . If this happens industries will collapse and food will only be available to the highest bidder if they are going to buy their food . Another reason for preparing for self sufficiency is evident . Too bad those unprepared for self-sufficiency has likely already let their time to do so slid by . If oil reaches this point , guard duty will be conducted at night on our premises with shotguns chosen for night time conflicts .
     
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    1. Old Geezer
      $200K a barrel! Ha ha ha, but it's true! Think how much scrap-paper from old newspapers it would take to buy a barrel of oil. The dollar is headed towards nothingness, so ... . Fuel theft has in times past become pandemic when oil prices got crazy. Around 1979, people were stealing gas right and left -- I remember. I've got a story, but it is too long to tell here. Short story: I had a warrant taken out on me because a lot-owner thought I was stealing gas. All I was doing was working on my grandfather's car -- he stored it in that lot. Lot-owner went full-security due to how much fuel he was losing out of his vehicles due to theft, prices being through the roof and all.
       
      Old Geezer, Feb 5, 2022
  25. TexDanm

    TexDanm Shadow Dancer
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    Many years ago I shifted my "savings" from banks and cash to THINGS that will hold their value no matter what. I spent a lot of money on guns for a long time and even ws a liscensed dealer. Even when we are not in a collapse type situation guns seem to hold value really well. I know people thqt went the prescious metel route but that may be a mistake. When you are hungry and struggling how much value does gold have to you?

    Things that provide food to you will be priceless while that gold ring just means less and less as time goes on. I put most of my supplies in the survival sence into guns and tools that would make life less of a struggle in a world without power. I also put a lot of effort into learning manual skills that most people have only a limited knowledge of.
     
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  26. TexDanm

    TexDanm Shadow Dancer
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    Many years ago I shifted my "savings" from banks and cash to THINGS that will hold their value no matter what. I spent a lot of money on guns for a long time and even ws a liscensed dealer. Even when we are not in a collapse type situation guns seem to hold value really well. I know people thqt went the prescious metel route but that may be a mistake. When you are hungry and struggling how much value does gold have to you?

    Things that provide food to you will be priceless while that gold ring just means less and less as time goes on. I put most of my supplies in the survival sence into guns and tools that would make life less of a struggle in a world without power. I also put a lot of effort into learning manual skills that most people have only a limited knowledge of.
     
  27. Old Geezer

    Old Geezer Legendary Survivalist
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    Some preppers believe that holding some cash could be of benefit in specific SHTF scenarios. Those who need to bug-out could find this useful. Even after something goes sideways big-time, many businesses and individuals will take fiat currency as payment. Me, I sure won't! If I see it hitting the fan and I've got a non-prepping item I'm willing to sell, you'd better pay me with something real, something physical/tangible.

    Once the dire effects of a SHTF event soak into people's minds, paper money is going to get mighty worthless mighty quick. This is especially true now that the U.S. Government debt is heading over 30 Trillion dollars. Me, sorry, I just don't take bad checks. The U.S. Gov. is a check-kiter of the worst order.

    https://usdebtclock.org/
    .
     
    Last edited: Feb 5, 2022
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  28. lonewolf

    lonewolf Legendary Survivalist Staff Member
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    Some cash may be accepted for a few weeks maybe only days but not for long, either everything will be gone and there will be nothing left or it will get so expensive no amount of cash will buy it, like the cost of bread in Zimbabwe.
     
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    1. Old Geezer
      Won't last long at all. Say maybe you simply, by-God, had to go pick-up a family member and get them back home, maybe you could locally fill your tank to make that quick trip. Some cash might just suffice in this scenario. But next week, the pumps will be empty, the fiat will be shiat, and people will have already begun stealing gas, kerosene/diesel. I'm afraid than in cities should some big SHTF event happen, the people will either be in panic mode or deer-in-the-headlights catatonia mode within a half-day's time. I've watched people freeze during a Big Nasty -- strange. Given how bad things have gotten, I do not believe that the term "urban survival" is any longer valid. Once was; not now. Trying to leave a city will involve walking between cars in MASS traffic jams or using a dirt motorbike -- and the truly monstrous badasses will be stealing the dirt bikes. Money = dung.
       
      Old Geezer, Feb 6, 2022
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  29. poltiregist

    poltiregist Legendary Survivalist
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    You guys point about the worthlessness of cash is well taken here . Interest on money as the financial system collapses is now .00 something . This is the reason why finding myself recently having more money than I have ever had in my lifetime , was in a Delima as to what to do with it . I am not used to having money . Then I found out like used vehicle prices skyrocketing under the Biden regime , so was airplanes . That is when I began searching for an airplane for my group , found one suitable and paid cash for it . Now I don't have the problem of having cash that I don't know what to do with .
     
    Last edited: Feb 6, 2022
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  30. lonewolf

    lonewolf Legendary Survivalist Staff Member
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    having cash put back is only a solution in a slow burning event, like a financial downturn, in a serious SHTF event it will only be useful in the initial stages, after a few days-or weeks if your lucky- there wont be much if anything to buy even if you had a ton of money.
    if you have cash on hand better to buy what you need now rather than wait until after the event.
     
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  31. Old Geezer

    Old Geezer Legendary Survivalist
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    I really like the "slow burn event", thanks L.Wolf.

    Don't know why "slow burn" didn't come to my mind. Anyway, I'm stealing the phrase. If you see me using it, then know that I am unabashedly plagiarizing.

    Many SHTF evens are two-component. An earthquake occurs and there is the immediate loss of life and destruction of property, assets, power-feed, & transportation routes (bridges have crumbled). People are injured and must get immediate care ... if there. But the earthquake event is certainly not over is it! No clean water, no power, no incoming food supplies these are the slow burn entities that most likely could be the cause of FAR more deaths than the initial event.

    Back to the thread of economic collapse: Some smaller countries have seen their economies disappear in less than a year. A friend of mine stated that since the United States is such a Goliath, it will take a while for the dollar to fall due to its inertia. I certainly believe this is true. Countries use the U.S. dollar to trade between each other and may do so for a little while even if the U.S. got nuked into nothingness.

    I believe that the U.S. dollar is at the very least heading from a smolder into an open fire.

    [​IMG]
     
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  32. poltiregist

    poltiregist Legendary Survivalist
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    A conversation my adult son and I were having today - At the present rate of inflation , What will one U.S. Dollar be worth in say 12 years ? My ' guess" it will buy about what a nickel will buy today . One thing for sure citizens are being delt lies from the government on what the actual inflation rate is . This is just another string of lies just like the lies surrounding the bat virus and the concoction the government wants injected into citizens bodies . Perhaps some of you have a closer idea as to what a dollar will buy in 12 years . This certainly takes the incentive out of trying to accumulate a savings account unless a person thinks they can make some quick and big cash and turn it into something real such as land before inflation can eat it up .
     
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  33. lonewolf

    lonewolf Legendary Survivalist Staff Member
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    Land is always a good investment as is property(real estate in the US).
     
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  34. TexDanm

    TexDanm Shadow Dancer
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    Some things will almost always have value. Being raised and living in Texas guns for me have always been as good as cash. I used to buy a lot of its a week until payday and I need money NOW guns. People knew that I usually had access to quick cash and wouldn't just rape them on the price. By giving a fair price that still allowed me a certain nice profit was very lucrative. I even had a federal firearms license back then and hit the gun shows.

    Where I was different from most of the dealers was that I was there more to buy guns than sell guns. I always loved to get my hands on a nice Winchester or marlin lever action. They were great because a lot of people buy a gun every year for deer season and then later need money and sell it back at a lower price. The lever actions without a scope seemed to be easy sellers.

    East Texas is heavy forested and most shots will be 100 yards or less. I had a quality deer lease that had a mowed pipe line right of way on it. I had a model 70 Winchester with a 3X9 Leopold scope on it for that place but most of the time I hunted with a lever action either a Winchester 94 30-30 or a Savage 99 300 Savage.

    I had one Winchester that I sold about 5 times and made good money on it every time it passed through my hands. I got out of the business when the Dumbocrats got into power during the Clinton administration. The government always has the right to inspect your books and inventory but when Clinton was in office they would do it by kicking your door in like a drug raid. They hit my partner and we shut it down. We were lucky, they only stole one handgun from us. It was there before the raid and gone after the raid and they got PISSY when we asked for it back and claimed that they didn’t have it.

    The strange thing was that it was a cheap ass old 38 revolver. I figure it ended up as a throw down gun.
     
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  35. Old Geezer

    Old Geezer Legendary Survivalist
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    I just bought another .357 lever action made by Rossi -- a M92 w/20" barrel. Rossi is now owned by Taurus and Taurus might be owned by some company that has Brazil in its name. Got a good deal. Had to make changes to get magazine to fully fill w/cartridges. After I worked on it, it's a handy rifle. It's Rossi "quality" ... do I have to say more?:( Good beater rifle / "truck gun". Haven't shot it yet.

    And: A lot of cops steal handguns to have as a throw-down.
    .
    .
     
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  36. poltiregist

    poltiregist Legendary Survivalist
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    ---- A emergency fed. reserve meeting has been called behind closed doors Monday morning February 14 . The above link is discussing what may hit Monday . Yep it appears a financial emergency is here . I believe the meeting is to be held at 11.30 eastern time so , some may have a few hours Monday morning to do as they deem best .
     
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  37. TexDanm

    TexDanm Shadow Dancer
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    People that live in a purely urban setting will be far more affected by a financial collapse than the more rural people. When the stores shelves are empty they face immediate starvation unless they are preppers and have supplies laid in. About the only eatable "wildlife" in a city would be stray dogs and cats.

    I really like the 357 mag lever action rifles. I went to them along with 357 mag revolvers a long time ago as my primary go to pair. What I like about them for survival purposes is that they share ammo. where I live in the East Texas piny woods the 357 rifle works pretty well for all game animals. With good bullet placement at rangest of 150 yards max it will do the job.

    One reloading setup with provide me with all of the handgun and rifle ammo that I will ever need. I buy the bullets in 500 lots for the cast bullets and then useually have 500 to a 1000 jackets bullets around the shop. I can down load the 38 specials and they will kill small game without destroying to much meat. I also have the stuff to cast bullets in that caliber and in "end times" I would be able to get lead from wheel weights and batteries for a long time. I've not done it in a long time but I habe made black powder from scratch and a few thousand primers is not a major investment.

    I have a LOT of tools. I like power tools but have always sort of collected the older hand and muscle powered versions as well. I'm getting a little old for it now but I used to do a lot of metal workig both machine and hand powered. I have a full machine shop and a wood working shop. Owning my own business made all this a tax deduction. That cut the cost to me in about half. I love making things and over the years ever met a tool that I didn't like and spent a fortune on them.

    If things were to ever go all the way down the old skills and ways would be priceless to know. It would be sad. The more advanced the nation is now the farther it will fall. I'm not even sure that the average person in a lot of places in the US would know what to do with a dead animal if you gave them one and they were hungry.

    The thing is that IF you know what there is to eat in your area there are not a lot of places in the US that you couldn't scratch out enough to survive on. Where I live there are a lot of totally untaped food resources because people don't know what is eatable and what is not. The thing is that by most standards of people in the North, we don't even have a winter. People in Arazona probably wouldn't be to impressed with our summers once they got used to the humidity.

    The point is that each of us has a slightly different set of chalanges. Places like this have a lot of people and that will be a problem. People in harsher environments don't have as much competition for resources. I have always suspected that for me PEOPLE will be the greatest threart and chalange to deal with.

    I have always been somewhat torn in my plan. One person or couple can get by with so much less in investment. The one thing that I have always tried to prepare for is life without power or water from a pipe. I will be able to stay warm, fed, and generally protected even if it was just my family...BUT there wouldn't be any slack for mistakes or unexpected attackers.

    On the other hand more people can lead to more internal strife. I'm sorry but I couldn't stand a lazy person that wouldn't do their part. They would either have to leave or have an accident.
     
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    1. Old Geezer
      Rossi's m92 levers use the exact same spring length in their magazine tubes irrespective of barrel length. So, you get a 16" or 20" barrelled rifle, then you will NOT be able to load into the tube magazine the number of cartridges specified. I learned on the web that all owners of shorter rifles cut the spring length. On my 20" model, I cut the spring to a length of 3" past the end to the tube -- some extra must be given. The spring length had been 6 or 8 inches too far out. I could only load 6 cartridges. Now I can load 10. The loading gate / entry area feeding tube mag. is a bit off, however I'm figuring-out its likes. Unlike a Winchester or Marlin, the Rossi almost prefers each cartridge being put in all the way such that the gate closes behind the rim. Sequential feed leaving the case rim out a bit to feed the next cartridge can cause trouble with the Rossi. Go figure.
       
      Old Geezer, Feb 13, 2022
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  38. poltiregist

    poltiregist Legendary Survivalist
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    One speculation floating out there is the fed. reserve board will raise interest rates to the money that they loan out to the home town banks . I admit , I am not a financial guru but in my logic look at what the home banks are now currently doing in their effort to stay solvent . They are paying .00something percent interest on money that their customers trust them with . If the home town bank needs to drop to minus .0 percent to stay solvent " well I think you guys get the picture " . I suppose they could stop paying interest entirely and charge people more for their banking practices . As for loaning money out they would need more interest on the loan to be able to rise above what they are paying the Federal Reserve . That would make buying survival property even farther out of reach . --- Another speculation floating on the internet is that the stock market will take a big dive downward come Monday . --- Another flip side to this . The fed . reserve was not scheduled to meet until sometime in March . This emergency meeting foretells something has gone sideways .
     
    Last edited: Feb 13, 2022
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  39. Old Geezer

    Old Geezer Legendary Survivalist
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    I have only provided snippets from this article. For a full understanding, one must read the full article. An understanding of how governments manipulate their economies so as to control their people is very important. Preppers must never be dependent on their government.

    "Fed One Meeting Away From Creating A Doomsday Market Sinkhole"

    https://www.zerohedge.com/markets/fed-one-meeting-away-creating-doomsday-market-sinkhole

    https://www.birchgold.com/news/doomsday-sinkhole/

    Quotes from this article are in the color Blue:

    The effective Federal Reserve funds rate (the EFFR) has been sitting at virtually zero for a long time now. It feels a little strange to think about the fact that it was 14 years ago when the central bank first helped to trigger the crash of 2008 and we are still dealing with the consequences of it today. I only started writing for the liberty movement two years before that. The amount of time that it takes for economic disasters to develop is well beyond the average person’s attention span. In fact, there are many people who are adults today that have no clue what happened in 2008 because they were in elementary school when it went down.

    This is how the establishment is able to get away with the negative changes to our national standard of living – because these changes usually happen over the course of decades and almost no one notices.

    In 2018 the Fed began hinting at the institution not only of rate hikes but also cuts to asset purchases and its balance sheet simultaneously. It’s important to understand that effective rates had been sitting near zero for almost a decade and cheap overnight loans from the central bank were feeding one of the longest running corporate stock buyback bonanzas in history. Stock buybacks and easy Fed money facilitated a near endless bull market rally in equities. The lack of real price discovery and the perpetual free-for-all was so bad that the mantra for stocks became “Buy the F#ing dip!”

    The assumption was that the Fed was always going to step in to protect markets from falling. Why? Because they had done this for several years, creating one of the biggest spikes in the Dow and Nasdaq of all time. Why would they do anything different? But, in 2018, for short time we witnessed what would happen if the central bank was to take away the punch bowl and it was not pretty.

    So, to be clear, the major business and investment framework of the U.S. has been so dependent on cheap credit from the Fed that even the tiniest increase in interest rates was enough to almost unhinge the entire system. Of course, bull market ticker trackers in the media missed the whole purpose of this exercise.

    The Fed reversed course on hikes and their balance sheet in mid-2019, so the mainstream once again assumed that this meant the central bank would “never” allow markets to fall.

    ... Former Fed chairman Alan Greenspan once admitted that the central bank answers to no one in government, but this does not mean the Fed is independent. The Fed is only a part of a larger global central banking machine under the oversight of the Bank for International Settlements.

    This is not “conspiracy theory,” it is simply reality. The notion that the Fed acts thoughtlessly, or that their goal is to keep the U.S. economy afloat is just not true. There are much bigger plans at play.

    My position back then remains the same today: The rate hikes of 2018 were a test run for a more aggressive and deliberately engineered crisis down the road. The Fed has its own agenda, it does not care about protecting U.S. markets, nor does it even care about protecting the U.S. economy in general.

    I hold that the Fed is a weapon for social and political change within America and part of its job is to greatly reduce the standard of living of the population while making it appear as if this decline is a “natural” consequence of the U.S. system.

    Keep in mind that none other than Karl Marx was insistent that central banks were a primary pillar of a socialist/communist system and its ability to maintain control of the public. As Marx noted in his Manifesto Of The Communist Party written with Fredrick Engels, “despotic inroads on the rights of property” would be “unavoidable as a means of entirely revolutionizing the mode of production.” In other words, in order to meet their revolutionary goal, communists would need to destroy property rights.

    Control of the currency and credit framework means control of the population of any given nation because it allows a central authority to reduce the standard of living “scientifically.” That is to say, they can create economic decline or collapse out of thin air.

    But why do this at all? Because financial desperation is the fastest way to create public dependence on a central authority.

    Every collectivist regime in history has used poverty and near-starvation, or government rationing and management of production, as a means to keep their populations under control. This is nothing new but for some reason many people think this strategy will never be attempted in America. They think the establishment “needs” the American economy intact. They are simply delusional.
     
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  40. poltiregist

    poltiregist Legendary Survivalist
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    10 am eastern standard time on this Monday morning , the Dow Jones Industrial average has dropped 171 points . The big thing to watch will be this evening . What comes out of the Federal Reserve board's emergency meeting will be as to whether we see an economic pivot .--- update 10.53 am eastern standard time the Dow jones has dropped 360 points .
     
    Last edited: Feb 14, 2022
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  41. poltiregist

    poltiregist Legendary Survivalist
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    https://www.usnews.com/news/busines...ls-agree-on-a-march-rate-hike-but-little-else --- an update above on the emergency meeting of the Federal Reserve Board yesterday . Summary being they state it appears the U.S. inflation appears to be accelerating . Next month they state they are looking at increasing interest rates to make borrowing money more costly and difficult for the public . They are also looking at dumping their federal bonds and stop any other federal held monies from accruing in the future . --- My take the Federal Reserve Board sees Sh-- has hit the fan . They are looking at dumping their own monies . --- When in Nam we were told when the enemy is hot after you , you may have to drop your pack so you can run faster . I think Creedance Clearwater Revival had out a song about this " running through the jungle . "
     
    Last edited: Feb 15, 2022
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  42. poltiregist

    poltiregist Legendary Survivalist
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  43. Old Geezer

    Old Geezer Legendary Survivalist
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    Here is an interesting read. Me, I'm only familiar with rudiments of accounting / business matters. The following article describes how the spend-thrifts / mega-greedy have backed themselves into a corner. How this plays-out, no one knows. Those who imagine they know, don't know. What is for certain, however, is that this madness cannot go on. Game over. Better have bought whatever it was you needed to buy.

    https://www.zerohedge.com/markets/f...-poszar-explains-why-powell-must-crash-market

    ... "We bring all this up today because in a startling note from one of the most respected Wall Street strategists, repo market guru and former NY Fed official, Zoltan Pozsar, he not only echoes all of our 'tinfoil conspiratorial' thoughts but even goes one step further suggesting that 'We need a Volcker moment… a Volcker moment, where Vol stands for 'vol' – as in volatility.' In other words, Pozsar writes that the Fed needs to crash the market to contain stocks.

    "Why? Because the Fed currently finds itself in a lose-lose situation, one where both choices are equally devastating - spark a recession or crash the market, or most likely both. As Rabobank's Michael Every writes today summarizing the Fed's predicament, 'more worrying is that [the FOMC] were non-committal about what the Fed will do at its March meeting because the Fed has no idea what to do. All its choices are bad. There is no oasis ahead, as markets like to believe. There is no Fed ‘masterplan’ to stop inflation without stopping either the asset-price appreciation we’ve built markets on for decades, or the faux appreciation for the working class we’ve built markets on the backs of for decades, or both.'

    "While many would have previously dismissed this proposal [crash everything] as the deranged rambling of a "conspiracy theory" website such as this one (with the one asterisk, of course, that all conspiracy theories discussed here eventually come true) the fact that a former Fed staffer - one who has both the NY Fed and Powell's ear - is suggesting a market crash as a much needed inflationary catharsis should spark great fear among the market bulls who still expect Powell to step in and do what he did in March 2020 when the Fed started buying up risk assets for the first time.

    "So while it is debatable that the Fed will crash the market just to contain inflation (we sincerely doubt it), the fact is that thanks to the former NY Fed repo guru, this is now a part of the conversation and it is likely that as Zoltan's view gains traction, Biden will confront the Fed chair with just this choice: shock the markets, crash stocks, and hammer inflation before the midterms (and certainly 2024) as the alternative is a historic rout for the Biden admin and Democrats."
    .
     
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  44. Old Geezer

    Old Geezer Legendary Survivalist
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    Chinese lackey Trudeau is using banks to shut-down collectivist opposition. Well, it's also happening in the USSA in the form of bankers not lending to politically incorrect entities.

    This speaks to having hard money such as barter and precious metal coinage.

    I find it heartening to learn that there is another means of beating the collectivist system:

    https://www.breitbart.com/tech/2022...h-startups-opposed-to-silicon-valley-leftism/

    "Free speech social media network Gab has announced the launch of a 'Parallel Economy Fund' to back tech startups and other ventures that reject the surveillance economy and leftist values of the Silicon Valley Masters of the Universe.

    "Gab announced in a recent blog post that the company is furthering its efforts to create a parallel economy to offer people a choice to engage with tech companies that share their values. Gab is putting its money where its mouth is in response to the argument that if conservatives don’t like the censorship and snooping of the overwhelmingly leftist Big Tech companies, they should build an alternative.

    "Until recently, there have been very few alt-tech companies with conservative-friendly values. Gab itself has previously been blacklisted by its own web host and payment processors but has since built its own infrastructure in order to operate without fear of censorship."

    https://news.gab.com/2022/02/16/the-parallel-economy-fund/


    upload_2022-2-18_0-34-28.png
     
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  45. poltiregist

    poltiregist Legendary Survivalist
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    A few years ago to buy that survival property it took from 10 % to 15 % down and a lending establishment would finance it . Last night I received a phone call from someone that was looking into buying rural property and they told me the lending establishment they contacted wanted 30 % down . I don't know whether this is the new norm in the United States since the Democrats destroyed our robust economy .
     
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  46. Old Geezer

    Old Geezer Legendary Survivalist
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    And some want a balloon payment in half the years one wishes to finance a property. This is most common when one is looking for undeveloped land. My wife and I bought some undeveloped land in the early 1980s. Land adjacent went through the roof in value such that we would not have been able to build on the property -- sq. footage restrictions. We sold before the balloon payment and doubled our money.
    .
     
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  47. TMT Tactical

    TMT Tactical The Great Lizard ! Staff Member
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    I think the lending institutions are getting ready for BIG interest rate hikes and a housing market crash. 30 percent down to cover them in case the economy completely tanks and they have to repo a lot of property. My parents estate (2008 - major recession) had to carry the note, with a 15 year balloon payoff. The payments were amortized for 30 years, at 6 percent interest. The estate will have earned almost double the original loan. If the buyer were to default, we could easily sell it for double the original sales price. I don't see much chance of a default.
     
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  48. Old Geezer

    Old Geezer Legendary Survivalist
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    "Central Banks Are Now Insolvent"

    https://www.lewrockwell.com/2022/02/alasdair-macleod/central-banks-are-now-insolvent/

    "Behind the battle to convince everyone that price inflation is not a lasting problem is the necessity to keep interest rates and bond yields suppressed. In the past, the interest rate cycle was entirely due to the expansion and contraction of commercial bank credit. But that was before central banks built up bond portfolios through quantitative easing.

    "Not only does this expose them to the interest rate cycle, but they have not increased their capital base to keep pace with the expansion of their balance sheets. Hence the problem with rising interest rates and bond yields: on a mark-to-market basis the major central banks are insolvent with balance sheet liabilities now exceeding their assets.

    "This article finds this condition true of the Bank of England, the Federal Reserve Board, the Bank of Japan, and the entire euro system. Other central banks are not examined.

    "Doubtless this will be resolved in the short term by governments investing more equity in their central banks. But there is one major exception, which is the ECB and the euro system, with all its shareholders sinking into negative equity with the only minor exceptions of the Irish, Maltese, and Slovenian central banks.

    "Consequently, with the interconnectedness of the global financial system, the ability of central banks to guarantee the survival of their own commercial banking networks has almost certainly ended due to a collapse of the euro system. The precedent is the failure of a prototype central bank in 1720, John Law’s Banque Royale. That experience allows us to see how this is likely to play out."

    [​IMG]
     
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  49. poltiregist

    poltiregist Legendary Survivalist
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    Perhaps not for most of our forum members but for the vast majority of the public , they had no idea or perception 18 months ago the economy would take such a steep dive into the sewer . Now as of this week with the Russia and Ukraine war started , even the tyrants of various countries are admitting the economy is going to get a lot worse and fast . Most people still don't realize to the depths of economic hell that lays ahead . This time it isn't just a temporary economic slump . Now those that prepared for self sufficiency will be the ones able to survive the next decade . --- I feel sorry for those that plan to go out and dig for a bowl of worms to take back to their family as their evening meal . I suspect those are the type people I will be waiting for when they come creeping up trying to steal a decent meal . Regardless whether I pity them or not , I am prepared to put them out of their misery . Those that are the head of a household that allow their family to become this animalistic or a band of thieves in my opinion " are a total failure to their family " .
     
    Last edited: Feb 23, 2022
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  50. lonewolf

    lonewolf Legendary Survivalist Staff Member
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    most people in the UK are more concerned about rising home energy costs which could rise by almost double in some cases. remarks about "heating or eating" in the media.
     
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