If the economy collapses, are you prepared?

[gastropod]

Quote from DrPepper:

I have been reading this thread with interest because I was convinced that we were headed for economic armageddon last year. These concerns led me to purchase guns and ammo for the first time in my life, obtain my concealed carry permit, stockpile several cords of firewood for my woodstove and purchase books on gardening and survival. This year, I intend to plant several fruit trees as well as a square foot garden with non-GMO, heirloom seeds and I am researching water purifiers that will clean water from my swimming pool if needed. I will also be stockpiling some food, including nitrogen-packed beans, rice, wheat and seeds for sprouting. I have some camping equipment, but need to purchase a butane stove and a few other supplies. I would like to raise chickens for meat and eggs, but I don't think that my neighborhood association would be too happy about it.

Having said that, I am less concerned about a total economic collapse now than I was last year. Despite all of the money printing, the US dollar has strengthened because many other countries are in worse economic shape than the US. Due to the fact that the US dollar is the world's reserve currency and is held in large quantities by the world's largest creditor nations such as China leads me to believe that the world has a vested interest in seeing the dollar remain strong. If, for example, China decided to start dumping dollars, the value of their holdings would decline as well. If anything, I envision a slow decline in the value of the US dollar as the US continues to print money and as creditor nations slowly liquidate their dollars.

My nagging concern is our massive and ever-growing national debt. It is virtually unpayable and our government does not seem to have the will to take the responsible actions necessary to decrease it. The only way they seem to know how to solve any problem is to print more money to throw at it. Their plan seems to simply keep interest rates low, print money and inflate our way out of debt.

So my question is, what scenaria do those of you who are expecting a sudden economic catastrophe envision at this time? Or are you simply expecting a slow decline in the value of the US dollar as I described?

Sudden "shocking" collapse. I quote the "shocking" because the "shocking" part is only meant for those not in the "know." Check out a book named "Apollyon Rising 2012" by Tom Horn. The "sudden, shocking" part is meant to happen. The "west" and the"east" are being coordinated to "fail" at the same time. The US adds obscene amounts of debt, while the Chinese produce an absurdly big bubble...both to burst at the same time!

I do NOT think gold and silver will necessarily help you when the collapse comes...well, maybe "colloidal silver" - check that stuff out!

I have posted this before: We live in a place a lot like the movie "The Matrix" - things aren't what they appear. We do not live where we "think we live." The times are NOT as they are presented to the unwashed masses!

For some "unraveling" in the physical world....check out http://www.barefootsworld.net - now passed - Bob Hardison explained a lot of what I see present today.

For the spiritual side - the first source of knowledge: Bible...also check out William Cooper's "Behold a Pale Horse." Watch out for those who laugh at Bill Cooper - check out for yourself how he died!!! Answer this question - where were Bill Cooper's wife and kid when he died? I am NOT saying I agree with everything Cooper wrote...but, boy will some of his writings open your eyes if you take the time to examine which of his writings had truth and which did not!!!

-gastropod

 

[Rearden Metal]

Quote from stevegee58:

Dang Dr Pepper you sound like me.

One difference between your story and mine is I'm actually putting in chickens this spring...

Would modern domesticated chickens be able to survive if you don't have grain to feed them? Just curious. Their wild ancestors were able to get by on worms, grubs and insects alone... but after centuries of domestication I'm not so sure today's chickens could do the same.

 

[bgp]

yes, the chickens would do fine. we have them.

bp

 

[RangeBar]

Quote from ddefina:

Isn't the Roman empire still around?

Yes, the Roman Empire does still exist. They are called Italy, Turkey, Spain, Greece, Egypt, France, Great Britain, Germany and other names.

 

[RangeBar]

Quote from gastropod:

You are EXACTLY the sort of moron I described in an earlier post. You have nothing but ad hominem attacks on others. I will neither defend Christianity nor any other religion to you - you are too stupid to understand logic. Please answer my question from the previous post...how will America pay off the $39,000 per capita present debt or the $177,000 per capita unfunded entitlements.

-gastropod

We will monetize the debt thru inflation. I don't mean to minimize the dangers of excess spending but we've done it before and we'll do it again.

Inflation and stagflation is a bitch but will certainly not cause the massive dislocation, rioting and collaspe suggested by many.

 

[rcaldwell]

Quote from RangeBar:

We will monetize the debt thru inflation. I don't mean to minimize the dangers of excess spending but we've done it before and we'll do it again.

Inflation and stagflation is a bitch but will certainly not cause the massive dislocation, rioting and collaspe suggested by many.

I saw an interview with Fed Official Fischer stating the Fed would not monetize the debt and at some point fiscal sanity will be forced upon us with markedly higher interest rates if spending is not controlled. When that happens you will see the dislocation.

 

[Ghost of Cutten]

If the economy collapses the most desired assets will be intelligence, resourcefulness and initiative. People forget that the most valuable commodity is the one between your ears. Gold, silver, gemstones, food or medicine can all be lost, squandered, or stolen, but a smart, capable person is rare and valuable in all situations.

 

[DrPepper]

Quote from gastropod:

Check out a book named "Apollyon Rising 2012" by Tom Horn.
For some "unraveling" in the physical world....check out http://www.barefootsworld.net - now passed - Bob Hardison explained a lot of what I see present today.

The book looks fascinating and has excellent reviews on Amazon. i just ordered it:

http://www.amazon.com/Apollyon-Risi...=sr_1_1?ie=UTF8&s=books&qid=1264569312&sr=8-1

The other website you mentioned also has a lot of interesting reading material.

Thanks.

 

[gastropod]

Quote from DrPepper:

The book looks fascinating and has excellent reviews on Amazon. i just ordered it:

http://www.amazon.com/Apollyon-Risi...=sr_1_1?ie=UTF8&s=books&qid=1264569312&sr=8-1

The other website you mentioned also has a lot of interesting reading material.

Thanks.

Thanks!

 

[copa8]

Quote from christianhgross:

You underestimate the thugs... I was thinking, where could this happen and be a role model of what could happen. Then it hit me Haiti...

http://www.google.com/hostednews/canadianpress/article/ALeqM5jJ4ufrzfFMQbvUHuvq36Kofnel0A

Neighbourhood residents say three people died and several women were raped in a small-scale turf war that gangsters nicknamed "Belony" and "Bled" launched in the seaside slum in the days following last Tuesday's quake.

http://www.telegraph.co.uk/news/wor...mit-gangs-have-taken-over-Port-au-Prince.html

Haitian authorities conceded they had lost their battle to maintain order in Port-au-Prince after the leaders of the city's crime gangs reclaimed their old turf since being freed when the national prison collapsed last week.

Go figure... ElCubano was right after all... Who would have thought...

been hearing alot about these type of violence in haiti. have not read much, if any, about these sort of things happening in sichuan, china after the 8.0 earthquake in 2008, though.