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Economic Disasters • Re: Ron Paul says economic collapse will still happen

January 30, 2017 rj5156 0
tidewaterva wrote:
The US economy today stands on the ability of borrowers to repay debt.

I appreciate you sharing your thoughts Tidewater – and you have obviously given it a lot of thought. I thought this statement really stood out.

I would add that we have to keep the money moving. My folks managed to foresee and avoid losing their retirement last round. Their reaction was to stop using credit cards, which they have always paid in full each month, and to shift assets out of banks as much as possible.

While I respected their fears I lobbied hard for them to continue to participate! Loss of confidence could shut it all down fast. As business owners we try to spread our risk but we choose to participate in credit and banking. We keep it as local as we can.

Statistics: Posted by rj5156 — Sun Jan 29, 2017 9:15 pm


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Economic Disasters • Re: Ron Paul says economic collapse will still happen

January 28, 2017 daaswampman 0
RayMac1963 wrote:
Well who is Gunns. Nuke is worst case. I think Chem / Bio would depend on if it were regional, and the extent of spread, but you can never be truly “ready” for those unless you own one of those rich people bunkers like in that other thread. I bet you are more ready then you think. Its mostly mindset and skill after the basics anyway.

I agree, places like Detroit should survive a disaster – provided they even noticed it happened.

Statistics: Posted by daaswampman — Fri Jan 27, 2017 10:43 pm


Economic Disasters • Re: Ron Paul says economic collapse will still happen

January 28, 2017 tidewaterva 0

I think there is great opportunity still out there. 50 years ago many looked to succeed by landing a high paying factory job with generous benefits and a pension plan. Due to various reasons, that is a more and more rare opportunity today. I think that the opportunities nowadays favor creative thinkers and risk takers. There is also a great chance of failure for new business startups. I like Ron Paul, but he has been predicting financial collapse for 25 years or more if memory serves me right. Eventually the prediction will come true, but being prepared should include surviving and thriving in prosperous or normal times as well as during depressions. Although Trump railed against Goldman Sachs during the primary, he appointed five or so former or current GS employees to his cabinet. The banksters are always successful in grabbing control of the ship of state, and they are certainly looking out for the interest of the super wealthy. The US economy today stands on the ability of borrowers to repay debt. There are still many hardworking and responsible individuals and businesses who are a solid bet to pay off mortgages and small business loans. However, there are overzealous lenders such as auto finance corporations, furniture companies, the government with its Student loans, and many more. Many of these loans will never be paid off. I believe the credit worthiness of our nation as a whole is gradually declining. Eventually it will reach another crisis event like 2008. Remember this motto “Privatize the profits, socialize the losses”. This will again be the method of resolving any future financial crisis. In light of this fact, I believe that it is wise to work toward owning assets that can produce revenue and income in good times, and will still be needed during a time of crisis. On another forum that I read, a man inherited GM corporate bonds from his parent’s estate. Years ago, those bonds were thought of as one of the most rock solid investments available. In 2008 with the GM bankruptcy, corporate bondholders were repaid in full, but individual bondholders either lost all or a significant percentage of the value. This is what will eventually have to happen with 401k’s, and bank deposits in excess of a certain amount. It is probably a mistake to plan on a collapse happening in the immediate future. I have two friends who made major financial/family wellbeing mistakes by planning on an immediate collapse.

Statistics: Posted by tidewaterva — Fri Jan 27, 2017 9:39 pm


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Economic Disasters • Re: Ron Paul says economic collapse will still happen

January 27, 2017 RayMac1963 0

Well who is Gunns. Nuke is worst case. I think Chem / Bio would depend on if it were regional, and the extent of spread, but you can never be truly “ready” for those unless you own one of those rich people bunkers like in that other thread. I bet you are more ready then you think. Its mostly mindset and skill after the basics anyway.

Statistics: Posted by RayMac1963 — Fri Jan 27, 2017 5:18 pm


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Economic Disasters • Re: Ron Paul says economic collapse will still happen

January 27, 2017 Gunns 0
sageprice wrote:
This why you prep it doesn’t matter what kind of SHTF event happens if you are prepped for it. LIVE the Style and walk the prepper walk. Forget the TALK it’s all hot air from either end.

Well there are two or three scenarios I am not prepped for. Nuclear, Chemical, Biological.

Statistics: Posted by Gunns — Fri Jan 27, 2017 3:34 pm


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Economic Disasters • Re: Ron Paul says economic collapse will still happen

January 27, 2017 RayMac1963 0
daaswampman wrote:

RayMac1963 wrote:I wouldn’t put a time table on it, but i think its unavoidable. The system is unsustainable in the long term and Trump isn’t going to fix it. He can’t. No President can.

I agree and would add, this is not only a US problem! We are headed into a worldwide depression that will lead to regional wars. Russia, China, India, and the Middle East to name a few. Swamp

:shakeyes:

Statistics: Posted by RayMac1963 — Fri Jan 27, 2017 1:24 pm


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Economic Disasters • Re: Ron Paul says economic collapse will still happen

January 27, 2017 RayMac1963 0
daaswampman wrote:

RayMac1963 wrote:I wouldn’t put a time table on it, but i think its unavoidable. The system is unsustainable in the long term and Trump isn’t going to fix it. He can’t. No President can.

I agree and would add, this is not only a US problem! We are headed into a worldwide depression that will lead to regional wars. Russia, China, India, and the Middle East to name a few. Swamp

:shakeyes:

Statistics: Posted by RayMac1963 — Fri Jan 27, 2017 1:24 pm


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Economic Disasters • Re: Ron Paul says economic collapse will still happen

January 27, 2017 daaswampman 0
RayMac1963 wrote:
I wouldn’t put a time table on it, but i think its unavoidable. The system is unsustainable in the long term and Trump isn’t going to fix it. He can’t. No President can.

I agree and would add, this is not only a US problem! We are headed into a worldwide depression that will lead to regional wars. Russia, China, India, and the Middle East to name a few. Swamp

Statistics: Posted by daaswampman — Thu Jan 26, 2017 10:40 pm


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Economic Disasters • Re: Ron Paul says economic collapse will still happen

January 27, 2017 rj5156 0

I think at best we’re going to suffer and we have some examples of what the worst might look like. Greece for one.

Small, local economies often fare best in hard times. Having something of value to trade is the best prep for disaster in my view. Preferably something that won’t have any value to a thief without the knowledge or skill the owner brings.

We have worked to diversify what we have to offer. Medicinal herbs growing in a garden and experience preserving and using them, a printed reference collection with information about them. An extensive collection of hand tools and experience using them to build and mend things. And so on.

Lot a body can do to be able to make it through short to mid-term diaster. Most disasters are relaively short in the bigger scheme of things. Plenty of discussion about all that here already. Building relations with the people we have is always a good investment in anything the future might bring.

Statistics: Posted by rj5156 — Thu Jan 26, 2017 10:08 pm