it’s better to own a worthless promise from a jewish puppet organization that won’t exist in 10 years than to establish yourself on physical property that can only be taken from you by force
Bro, if the Treasury fails, that's like financial Armageddon.
Yes, and?
Nothing will be worth anything, in that outcome.
lol, “Nothing has any value unless my enemies tell me what it is”; fucking argument dismissed. You’re incapable of holding a rational discussion on this or, by extension, any other subject, apparently.
And I can bail, leave nothing behind.
Yes, you’ll literally leave nothing behind when you go up to the counter, say “I’d like to redeem my bonds” and they say, “lol, we don’t have anything to give you; sorry, goy. Thanks for the free funds.”
paying intrest
Lots of assumptions here.
paying taxes
Lots of assumptions here.
stuck
Said the treasury bond holder.
can't bail without forfeit
Bail what?
Living in a bunker
Oh, no! My family is safe and supplied instead of being completely bankrupt and owning nothing because I trusted a hoax! How terrible!
There's a reason they went from doomsday bunkers to doomsday planes.
Add tools to your list. Woodworking and metalworking at least. Up to lathe + mill. Then you could repair anything, from house and furniture to weapons, cars and tractors, even if spare parts are out of stock. And even produce a lot of complex and useful things by yourself.
First step complete. We took a haircut (commission) for our stupid mistake, but we've got cash and no debt. We're likely going to load into 5% internet savings, half FDIC and half SIPC. Do you think treasuries are a better bet, and, if so, why?
EDIT: did not realize 3 month treasury was yielding 5.5%
Thanks (re: treasuries). I'm going to do that with at least half, lock into 3 months at least.
I have the same thought process (re: chillin') - wait out the depression and also the demographic housing collapse as the largest generation (boomers) enter retirement homes. How long ago did you sell your property? We sold ours in the short span between when I mentioned it a couple months back and last week. I was so worried it would take longer to sell and there'd be a September market crash before closing.
That's good, man. You'll probably have cashed out on your rental at literally the exact perfect timing when you look back at this moment 10 years later.
I'm so glad you recommended treasuries, because I just got off a long phone call with my brokerage. Since I've never bought these I wanted to talk to them about the interface and make sure that I understand things enough to not make some kind of stupid mistake. It's so much easier than I thought; we've just been missing out by keeping money in the trading money market account, even at times when I'm not actively trading. I guess we haven't been missing out too much because rates really weren't that great until very recently. We're probably gonna put half of our money in a liquid FDIC savings (since the rates are close) and half of it in treasuries. I figure it's worth the loss of the additional 1/3 of a percent to go with one of these larger/older Internet savings accounts and be A) have instant withdraw liquidity and B) FDIC insurance. Then, half our money is protected based on the solvency of the FDIC and half is based on the solvency of the US treasury in general (I wouldn't bank on the interest payments being guaranteed for sure if we really do hit a financial crisis bigger than 2008).
Then there's the physical gold (in case everything goes up in flames) - that stays. I wouldn't ever keep less than 10% of money in physical gold and silver, no matter the trustworthiness of the government, etc.
Pretty exciting being able to make 1990s style interest in a bank account or anything safe-ish again. That was always my fantasy when I was young, and then I grew up and the interest rates went to zero LMFAO.
BTW, I have a recommendation for you: make sure you print out physical copies of records pertaining all of your money, in case of the event of "digital Covid", which I could see as being a part of the "great reset", great way to accidentally lose all the records for everybody's transactions. It could help, in the event of such a scam being pulled by TPTB.
Treasuries by definition are a slow bleed. You'll always lag like 1-2% behind inflation. Have to make up for it by speculating on the curve or by being productive enough to supplement the loss
Literally what.
LITERALLY. WHAT.
EXPLAIN YOUR PSYCHOSIS, PLEASE.
Yes, and?
lol, “Nothing has any value unless my enemies tell me what it is”; fucking argument dismissed. You’re incapable of holding a rational discussion on this or, by extension, any other subject, apparently.
Yes, you’ll literally leave nothing behind when you go up to the counter, say “I’d like to redeem my bonds” and they say, “lol, we don’t have anything to give you; sorry, goy. Thanks for the free funds.”
Lots of assumptions here.
Lots of assumptions here.
Said the treasury bond holder.
Bail what?
Oh, no! My family is safe and supplied instead of being completely bankrupt and owning nothing because I trusted a hoax! How terrible!
Mental retardation, yeah.
Enjoy your EMP. Can’t zap my garden.
/end thread
Also based and self sufficiency pilled
What kind of real estate?
I'm going with the land
Add tools to your list. Woodworking and metalworking at least. Up to lathe + mill. Then you could repair anything, from house and furniture to weapons, cars and tractors, even if spare parts are out of stock. And even produce a lot of complex and useful things by yourself.
lol,no
wrong, if the treasury market fails, I still have a house that keeps me out of the elements
First step complete. We took a haircut (commission) for our stupid mistake, but we've got cash and no debt. We're likely going to load into 5% internet savings, half FDIC and half SIPC. Do you think treasuries are a better bet, and, if so, why?
EDIT: did not realize 3 month treasury was yielding 5.5%
Thanks (re: treasuries). I'm going to do that with at least half, lock into 3 months at least.
I have the same thought process (re: chillin') - wait out the depression and also the demographic housing collapse as the largest generation (boomers) enter retirement homes. How long ago did you sell your property? We sold ours in the short span between when I mentioned it a couple months back and last week. I was so worried it would take longer to sell and there'd be a September market crash before closing.
That's good, man. You'll probably have cashed out on your rental at literally the exact perfect timing when you look back at this moment 10 years later.
I'm so glad you recommended treasuries, because I just got off a long phone call with my brokerage. Since I've never bought these I wanted to talk to them about the interface and make sure that I understand things enough to not make some kind of stupid mistake. It's so much easier than I thought; we've just been missing out by keeping money in the trading money market account, even at times when I'm not actively trading. I guess we haven't been missing out too much because rates really weren't that great until very recently. We're probably gonna put half of our money in a liquid FDIC savings (since the rates are close) and half of it in treasuries. I figure it's worth the loss of the additional 1/3 of a percent to go with one of these larger/older Internet savings accounts and be A) have instant withdraw liquidity and B) FDIC insurance. Then, half our money is protected based on the solvency of the FDIC and half is based on the solvency of the US treasury in general (I wouldn't bank on the interest payments being guaranteed for sure if we really do hit a financial crisis bigger than 2008).
Then there's the physical gold (in case everything goes up in flames) - that stays. I wouldn't ever keep less than 10% of money in physical gold and silver, no matter the trustworthiness of the government, etc.
Pretty exciting being able to make 1990s style interest in a bank account or anything safe-ish again. That was always my fantasy when I was young, and then I grew up and the interest rates went to zero LMFAO.
BTW, I have a recommendation for you: make sure you print out physical copies of records pertaining all of your money, in case of the event of "digital Covid", which I could see as being a part of the "great reset", great way to accidentally lose all the records for everybody's transactions. It could help, in the event of such a scam being pulled by TPTB.
Treasuries by definition are a slow bleed. You'll always lag like 1-2% behind inflation. Have to make up for it by speculating on the curve or by being productive enough to supplement the loss
Buying $100k of 2053 treasuries for $4.2k is tempting. Unfortunately the curve is inverted so it's not ray an opportunity
We could, if the Fed goes full Vulker.
And where would you sleep and how would you feed yourself in these countries
Saying someone fails to fail is a compliment