Doomsday Prepper Thread
In this moment, a very short term Tbill issued by the US government yields more than the 10y treasury.
That is *not* a sign the market (ie the totality of people with money worldwide) think the US government is in trouble paying it's debt, or will be in the next years, or the value of the USD will crash in the next years.
They can be wrong in the aggregate, but that's what the currenty yield curve is telling you.
That is the current yield curve but it has been steepening since the rate cut. Not so long ago, the 2 year paid a higher yield than the 10 year.
Yes, this is what I believe. I mean, sure, there are some solvent entities, but I believe many governments, businesses and individuals to be in bad shape. Everyone can choose their own hedges, we're already far enough away from the election topic of this thread to debate the merits of each.
Thiel got a NZ passport and built a bunker complex there for reference
The american treasury doesn't print dollars nor has the power to print dollars.
Congress can de facto print dollars (through deficits) and the federal reserve technically does print dollars (but it isn't printing much these days).
A lot of the money creation in advanced economy though (defining money as M1 or M2, the normal aggregates used to measure the quantity of money) comes from commercial banks.
And they don't print on their own will, they print when there is a demand for loans and they acce
I meant the Federal Reserve. Was using UK parlance from the days when the Treasury ran the BoE.
Roc,
Ill make a Economic/doomsday/recession prep thread tomorrow or some other time, unless you wanted to merge this convo to one sooner.
If i were to believe the USA were close (even in a 3-5 years sense) to the scenario you describe, i would try to analyze the rest of the world.
So under your scenario, what happens in switzerland? singapore? new zealand? japan? (i am asking if the scenario of USD collapse unfolds as you imagine)
I can't predict what will happen in each place but my hope is to inspire a peaceful and legal conversion to freedom in America and that other nations will then be inspired to join us in the free world.
Front page of BBC news right now:
My first thought looking at this picture was "6 American adults chosen at random, and they all range from 'chubby' to 'obese'".
CL, I don't know where these food shortages are going to be, but it looks like Florida is doing alright.
No consensus is necessary on climate change for the cause to be addressed. People can donate to reforestation, planting artificial trees, installing carbon capture devices, and paying people not to pollute. They can also boycott and shun high polluters and in the absence of the threat of government restrictions might have more luck in convincing people it is a real concern (a similar argument could be presented to the other side for abortions fwiw).
The problem, like in every case of government attempting to solve a problem, is taxing everyone to fund a cause not everyone cares about or believes in so it can be managed by corrupt politicians at least as likely to funnel handouts to corrupt green energy companies as they are to do anything to address the actual cause.
Since polls don't close for hours hopefully it's ok we discussed some issues here in case anyone's still undecided.
I can't predict what will happen in each place but my hope is to inspire a peaceful and legal conversion to freedom in America and that other nations will then be inspired to join us in the free world.
My idea is that if you ACTUALLY believed the scenario you describe was possible, you would be building a raft boat for you , your family, and people you care about by looking elsewhere.
I know because being an italian living in Italy, i actually did in 2011
Front page of BBC news right now:
My first thought looking at this picture was "6 American adults chosen at random, and they all range from 'chubby' to 'obese'".
CL, I don't know where these food shortages are going to be, but it looks like Florida is doing alright.
gl to anyone trying to convince Americans used to the idea of competitive eating to tighten their belts.
My idea is that if you ACTUALLY believed the scenario you describe was possible, you would be building a raft boat for you , your family, and people you care about by looking elsewhere.
I know because being an italian living in Italy, i actually did in 2011
My lifeboat consists mostly of precious metals. I don't plan to leave the US because I expect the collapse to be global: supply chains have been established based on the current distribution of purchasing power and when that changes, a global restructuring will be required. Furthermore, I have kids here I can't remove because I split custody with their mother, and there are many others who live here that I also care about. My plan when the collapse happens is to travel to Washington to seek to convince the food rioters that my plan is viable, and I don't plan to return until we have freedom, for there will be no economy to return to until we do.
>world collapses
>you have gold
>???
>someone with a gun kills you and takes your gold
>world collapses
>you have gold
>???
>someone with a gun kills you and takes your gold
That's why I'm going to Washington. It's not enough the end governments, we also need to establish a charity to prevent slavery, trespassing, nuclear weapons and child or animal abuse, along with an orderly transition of other services to the private sector. My solutions are nuanced and I have considered the "warlords take over" scenario which I expect if the government collapses and there is a power vacuum. I accept the proposition that there will always be a biggest dog in the fight and that this dog will determine the rules people follow. My objective is to convince people that this dog should be a good dog; one that only prevents the limited things I mentioned.
That's why I'm going to Washington. It's not enough the end governments, we also need to establish a charity to prevent slavery, trespassing, nuclear weapons and child or animal abuse, along with an orderly transition of other services to the private sector. My solutions are nuanced and I have considered the "warlords take over" scenario which I expect if the government collapses and there is a power vacuum. I accept the proposition that there will always be a biggest dog in the fight and that t
Isn’t that just you independently discovering why we are organized in governmental systems in the first place?
>world collapses
>you have gold
>???
>someone with a gun kills you and takes your gold
I agree that if the read is that the entire world collapses, being a goldbug is absurd.
If instead you think partial localized collapse that includes your home country is a realistic scenario, owning gold and similar stuff can make a lot of sense
I had hopes this might turn out to be more than just another ACist thread, but alas.
My lifeboat consists mostly of precious metals. I don't plan to leave the US because I expect the collapse to be global: supply chains have been established based on the current distribution of purchasing power and when that changes, a global restructuring will be required. Furthermore, I have kids here I can't remove because I split custody with their mother, and there are many others who live here that I also care about. My plan when the collapse happens is to travel to Washington to seek to c
When i built mine i went with risk minimization not optimization of returns. So i got 10k cash in USD, GBP, CHF, JPY (who the hell can predict which country if any ends up as the safe harbor destination? just cover all major bases). I would have got CNY as well if i had a way to find them, but i didn't.
Approx the same amount in small denomination silver coins (11 grams each, basic italian silver coins distributed a lot, easy to convert in purchasing power for small stuff in case of local apocalypse), and the same again in very small gold ingots and gold pounds.
Satellite phone with working subscription as well ofc. Where you can, you should pack a LOT of ammos, and gun pieces for repair (i couldn't in italy), fuel, and long-shelf-life antibiotics and supplements. Then batteries , first aid supplements and so on.
I agree that if the read is that the entire world collapses, being a goldbug is absurd.
If instead you think partial localized collapse that includes your home country is a realistic scenario, owning gold and similar stuff can make a lot of sense
wouldn’t the financial system of the US collapsing cause global collapse? that’s essentially what happened when only one or two specific securities caused the collapse of a few financial institutions in 2007/2008.
yeah if you’re from a lesser country then maybe invest in gold sure.
You actually have a real lifeboat? Pics please?
wouldn’t the financial system of the US collapsing cause global collapse? that’s essentially what happened when only one or two specific securities caused the collapse of a few financial institutions in 2007/2008.
yeah if you’re from a lesser country then maybe invest in gold sure.
It could cause a major collapse worldwide but , say, life in Perth, Australia, or Zurich, Switzerland could keep going the way we intend it (even if poorer in real term , no global trade and so on).
If it makes you feel better, I do not identify as an AC because I accept the leftist proposition that land ownership is a form of government and hierarchy and as a capitalist, I support private land ownership. I just don't support the existence of current governments that restrict property rights far in excess of the basic restrictions I propose the charity enforce.
Dude, you've described a government and called it a charity, whatever that's supposed to mean. I mean, it's a really shitty government that is basically useless, but it's still a government. A dog born in a stable is not a horse.
