Preppers on QE3

[bwframe]

[ame]http://www.youtube.com/watch?v=JYbOhNMPOtQ&feature=em-uploademail-new[/ame]

[ame]http://www.youtube.com/watch?v=L24uoSR_QMQ&feature=em-uploademail-new[/ame]

 

[smokingman]

The second video offers some really good insights.Thanks for the watch.

 

[NathanJefferson]

Summary? High points?

I hate watching videos :-/

 

[Rocket]

Can I have a link please? For Part 2?

 

[smokingman]

Can I have a link please? For Part 2?

[ame]http://www.youtube.com/watch?v=rvh-Y90tHFc[/ame]

 

[TheRude1]

You can start at The Patriot Nurse

Personally I think she has her poopoo together and she hot !!!

And single

May Paul Gomez RIP !
The Patriot Nurse

 

[smokingman]

http://www.youtube.com/watch?v=rvh-Y90tHFc

This guy nails it.He is saying exactly what I have been trying to in https://www.indianagunowners.com/fo...ks_gold_silver_and_the_printing_press-33.html for the last 2 years in the two videos.

 

[TheRude1]

I screwed that up !

I was focused on the hot chick

 

[buckstopshere]

The guy in the second video is Jack Spirco. He has a podcast called The Survival Podcast. It's really, really good. I don't agree with everything but a very high majority of what he has to say.

He talks a lot about homesteading. It's definitely worth listening to.

 

[bwframe]

Summary? High points?

I hate watching videos :-/

Get ready, cause we're effed.




How was that?

 

[smokingman]

Get ready, cause we're effed.




How was that?

Not at all :P
More to the point of the video is you can prepare to lessen the impact of monetary policy.Yes the are printing and devaluing the currency like mad.Yes there will be inflation.The guy who made the video is advising to stock up on food(commodities),land,and precious metals...just like the Federal Reserve and banks are doing.That way when we get our new monetary system you will still have a net worth,as will the banks.

It is going to be very bad for people who do/have not prepared,but those who do will experience 1/100 of the pain of those who do not and will come out the other side probably better off than they are now.

It is bad.It is going to get MUCH worse.But if you do the right things the impact on your life should be minimal.

 

[bwframe]

Not at all :P
...

Sorry, I was moreover hinging on the Patriot Nurses vid emphasizing training/skills. And being a smart ass for the lazy one requesting to be given a summary.

 

[ClydeB]

That survival podcast guy does paint a rather simple, but grim picture. And if nothing else, I like the fact that he says he doesn't know everything. Will definitely have to look into what he is saying.

 

[dhnorris]

I get that paper money/ 401k balances are going to be worthless. Because so many people in this country are barely getting by they can do nothing. It's not our doing sold out by politicians and raped by bankers. Facism is not coming it's here. Krupp=Goldman Sachs We don't have the gun control act of Nazi Gun Control

 

[Baditude]

So based upon this. Assuming how this all plays out monetarily in the next 5 years

If you own a house with 5 acres, however you have some debt low interest LOC from house- Is it better to pay the debt off per Dave Ramsey or buy hard assets with borrowed money?

 

[jedi]

So based upon this. Assuming how this all plays out monetarily in the next 5 years

If you own a house with 5 acres, however you have some debt low interest LOC from house- Is it better to pay the debt off per Dave Ramsey or buy hard assets with borrowed money?

In addition I'll toss this into the mix. What is the point of prepping for a currency failure? I can see prepping for natural and limited man-made events (ie. fire, earthwauke, blizzard, riots, etc.) in which the duration of life will be short. Fires even wilf fires do get put out, blizzard do pass and the snow melts, riots eventually get stopped, heck even governments topple (ie. middle east) and a new government is put into place.

The point is that things do come back to "normal" after a short amount of time weeks to a few months. But how can you prep (ie. store food for the rest of your life. ) for a complete change of the rules. ie. new currency?

 

[smokingman]

In addition I'll toss this into the mix. What is the point of prepping for a currency failure? I can see prepping for natural and limited man-made events (ie. fire, earthwauke, blizzard, riots, etc.) in which the duration of life will be short. Fires even wilf fires do get put out, blizzard do pass and the snow melts, riots eventually get stopped, heck even governments topple (ie. middle east) and a new government is put into place.

The point is that things do come back to "normal" after a short amount of time weeks to a few months. But how can you prep (ie. store food for the rest of your life. ) for a complete change of the rules. ie. new currency?

You prep for the inflation and loss off faith in the old system. That period is when fortunes are made and lost,I would rather come out ahead than lose what I have to inflation. So preserve your net wealth,and maybe even come out ahead in the new system.

 

[smokingman]

So based upon this. Assuming how this all plays out monetarily in the next 5 years

If you own a house with 5 acres, however you have some debt low interest LOC from house- Is it better to pay the debt off per Dave Ramsey or buy hard assets with borrowed money?

I would go debt free. It is the more stable route. You never know what is going to happen in life. Job loss,medical,anything can make you unable to make a payment,then you lose. By not taking on debt you are already ahead.

Even I have been tempted seeing what is happening to take on debt,but debt free I do not have to worry about losing anything.Security in what I have is worth it.

 

[NathanJefferson]

Like this.

FOFOA: Deflation or Hyperinflation?

Read it. Re-read it. Understand it.

It is even more important than understanding the fictional reserve banking screw job, or the pension bubble, or XXX.

 

[NathanJefferson]

My idea is not to be debt free any longer, but to be free of worrisome debt. Only go into debt for productive or liquidateable assets that WILL increase in value. Only take on as much debt as you can easily pay for, and have enough in reserves/cash savings to cover several months or years of payments, just in case there is a pause in your income.