I think the only real answer is tangible assets. Land, source of water, source of food, the tools to acquire/prepare food and water. If you keep your money in stocks it will vanish as the collapse happens, if you keep it in savings it will vanish after the collapse as interest rates go negative.
Prepper shit, and things to make your life easier in the event of any supply chain problems in the future. So don’t buy the water purifier gadget that requires a proprietary filter every 20gal, get a high quality roof and gutter catchment system or a distillation system if that’s feasible. Invest in a wood furnace with passive air over a machine you’ll never be able to fix, that kinda thing. Also probably solar panels lol
I bought gold, silver and cryptos in March/April when I saw the writing on the wall. The cryptos are doing insanely well (THETA is going to let me retire early) but I know that stuff can go to 0 instantly. I just got lucky and got in cheap, everything is crazy high right now.
Land you can get water and grow food on is a good asset. Anything in a city is worthless in my book. Good quality tools are only going to get more expensive.
Peter Schiffs company has funds that focus on safe havens to avoid the dollar collapse. Precious metal stocks and foreign markets. He does a podcast, I'd suggest listening to a few if that interests you, he has been warning about the inevitable dollar collapse for a while.
I agree with above comment. Have your money translated into renewable forms of food, water, trading capacity. Owning land and animals will always be good. Pieces of it can be “rented” or traded to people for their goods and services. Like, if you rented to someone who is willing to care for all the live stock, or someone who knows medical care, dentistry, etc. Also, owning a lot of firearms protection will always be useful to you, and a very hot commodity to others.
The next step up from that, if you’re able, is to begin owning tanks. For that, you’d need land with some good storage facilities. Another step you can take, is to begin walling off your land. Which could be a really expensive endeavor, depending on how large of areas you’re wanting to wall. So there are a lot of expensive, yet useful ways to convert cash money into something long lasting.
My life sucked ass until I met a old Corpsman who gave me direction and guided me. Real estate and not just buying and selling, renting. Your a vet, use the VA loan to buy a duplex or connecting town home. Rent one side out and live in the other until you can pay it all off. There are VA renovation loans to fix up outdated houses, veteran farm grants that let you grow or raise livestock. You need some information so you can better decide on what you want/need. I don't have all the answers but i do know we need direction. Hope that helps.
I know dude. That’s why I’m saying one step at a time, depending on how much money one has, not only you, specifically. If we get to the point where money is a number on a screen, that can simply be erased by the government, then you’d have to buy things with it before that happens. I said the first thing is land, which can then be rented out or sold. Even with something like gold or silver, I’m not sure how many people will want to trade you something for that, in a world where money has no value. Unless, they are someone who immediately needs to use that gold and silver for something. But, by the time we’re at the point the things those metals are used in run so scarce that people are suddenly seeking it, that’s gonna be so far in the future, I’m not even thinking about investing in that right now...unless I have everything else already set up.
If we get to the point that they are making money useless (which you pointed out, has already begun) by making it unavailable, making things overpriced, or straight out blipping money from bank accounts, that’ll be an apocalyptic situation. Life doesn’t just continue normally in all other ways from there. It would have so many ramifications and completely halt so many peoples way of living. Regardless of which method they use to make money unavailable or useless, they aren’t just doing it for the hell of it. It’s to bring in a new monetary control system. That is when they will usher in a cashless society and those who do not go along with their implementations, will not have access to their funds. So, whether the funds are only available on a card or if it’s a chip implant, you’re not even going to be able to receive payments from a renter, unless you give in to what the government is asking and also have that card/implant. The only other option is having your own goods set up and ready to live off of or trade.
Ugh. I feel you. My entire life I've been taught to save. I got a bank account when I was 7. As I made it into my 20s I realized how much money was lost due to inflation while my ban account was earning pennies....
I continued to livey life with as little debt as possible. I paid cash for my car. I put 40% down on my house and got a 15 year mortgage. I pay off all bills every month. My only debt at this point is a mortgage.
And yet if I had put the minimum down on the house and put the rest into the stock market when I bought the house I would have taken on way more debt, but now I could probably pay my house off.
It's frustrating that trying to do the right thing is essentially punished, and yet those that gamble in the stock market are making out line bandits.
Similar boat.
Lived within means and worked hard for 15 years.
Built up investments.
FED QE's it to half value or less...
I've been putting in a few hedges the best I can:
♦ Gold/Silver/Commodities/Oil
♦ Crypto
♦ Short equities ETFs
Built up short-term prepping supplies as much as feasible.
Land is a good idea.
Tempted to just cash in the 401k (which does not allow many options) and put it in something like that.
I think the only real answer is tangible assets. Land, source of water, source of food, the tools to acquire/prepare food and water. If you keep your money in stocks it will vanish as the collapse happens, if you keep it in savings it will vanish after the collapse as interest rates go negative.
This is it . Medical supplies as well.
Just to add a thought I had after:
Prepper shit, and things to make your life easier in the event of any supply chain problems in the future. So don’t buy the water purifier gadget that requires a proprietary filter every 20gal, get a high quality roof and gutter catchment system or a distillation system if that’s feasible. Invest in a wood furnace with passive air over a machine you’ll never be able to fix, that kinda thing. Also probably solar panels lol
You've managed to make this depressing and hilarious.
HEY NIG NOG (finally, i can use that)
IF YOU DONT HOLD IT, YOU DONT OWN IT.
invest in stuff you can hold.
I bought gold, silver and cryptos in March/April when I saw the writing on the wall. The cryptos are doing insanely well (THETA is going to let me retire early) but I know that stuff can go to 0 instantly. I just got lucky and got in cheap, everything is crazy high right now.
Land you can get water and grow food on is a good asset. Anything in a city is worthless in my book. Good quality tools are only going to get more expensive.
Peter Schiffs company has funds that focus on safe havens to avoid the dollar collapse. Precious metal stocks and foreign markets. He does a podcast, I'd suggest listening to a few if that interests you, he has been warning about the inevitable dollar collapse for a while.
I agree with above comment. Have your money translated into renewable forms of food, water, trading capacity. Owning land and animals will always be good. Pieces of it can be “rented” or traded to people for their goods and services. Like, if you rented to someone who is willing to care for all the live stock, or someone who knows medical care, dentistry, etc. Also, owning a lot of firearms protection will always be useful to you, and a very hot commodity to others. The next step up from that, if you’re able, is to begin owning tanks. For that, you’d need land with some good storage facilities. Another step you can take, is to begin walling off your land. Which could be a really expensive endeavor, depending on how large of areas you’re wanting to wall. So there are a lot of expensive, yet useful ways to convert cash money into something long lasting.
My life sucked ass until I met a old Corpsman who gave me direction and guided me. Real estate and not just buying and selling, renting. Your a vet, use the VA loan to buy a duplex or connecting town home. Rent one side out and live in the other until you can pay it all off. There are VA renovation loans to fix up outdated houses, veteran farm grants that let you grow or raise livestock. You need some information so you can better decide on what you want/need. I don't have all the answers but i do know we need direction. Hope that helps.
I know dude. That’s why I’m saying one step at a time, depending on how much money one has, not only you, specifically. If we get to the point where money is a number on a screen, that can simply be erased by the government, then you’d have to buy things with it before that happens. I said the first thing is land, which can then be rented out or sold. Even with something like gold or silver, I’m not sure how many people will want to trade you something for that, in a world where money has no value. Unless, they are someone who immediately needs to use that gold and silver for something. But, by the time we’re at the point the things those metals are used in run so scarce that people are suddenly seeking it, that’s gonna be so far in the future, I’m not even thinking about investing in that right now...unless I have everything else already set up.
If we get to the point that they are making money useless (which you pointed out, has already begun) by making it unavailable, making things overpriced, or straight out blipping money from bank accounts, that’ll be an apocalyptic situation. Life doesn’t just continue normally in all other ways from there. It would have so many ramifications and completely halt so many peoples way of living. Regardless of which method they use to make money unavailable or useless, they aren’t just doing it for the hell of it. It’s to bring in a new monetary control system. That is when they will usher in a cashless society and those who do not go along with their implementations, will not have access to their funds. So, whether the funds are only available on a card or if it’s a chip implant, you’re not even going to be able to receive payments from a renter, unless you give in to what the government is asking and also have that card/implant. The only other option is having your own goods set up and ready to live off of or trade.
Ugh. I feel you. My entire life I've been taught to save. I got a bank account when I was 7. As I made it into my 20s I realized how much money was lost due to inflation while my ban account was earning pennies....
I continued to livey life with as little debt as possible. I paid cash for my car. I put 40% down on my house and got a 15 year mortgage. I pay off all bills every month. My only debt at this point is a mortgage.
And yet if I had put the minimum down on the house and put the rest into the stock market when I bought the house I would have taken on way more debt, but now I could probably pay my house off.
It's frustrating that trying to do the right thing is essentially punished, and yet those that gamble in the stock market are making out line bandits.
Similar boat.
Lived within means and worked hard for 15 years.
Built up investments.
FED QE's it to half value or less...
I've been putting in a few hedges the best I can:
♦ Gold/Silver/Commodities/Oil
♦ Crypto
♦ Short equities ETFs Built up short-term prepping supplies as much as feasible.
Land is a good idea.
Tempted to just cash in the 401k (which does not allow many options) and put it in something like that.
Bitcoin. Research stock to flow, it’ll knock yer socks off. Or have fun staying poor ?♂️
I'd try to buy a house or other real estate.
Hello not fren, Ah yes, join the military. Get fucked sheep military man supporting the MIC!