Our country is in deep trouble

Discussion in 'Freedom and Liberty' started by oldman11, Dec 29, 2018.


  1. BenP

    BenP Monkey++

    My company matched 100% when I put it in so when I took the 35% hit I still considered it a 65% return.
     
  2. Motomom. If you can do it work on the mortgage. You don't know what a relief it was when I got rid of mine. Remember, there is nothing cheaper to live in than a paid for home, sure you will still have taxes but that one big load will be gone. Consider continuing to pay yourself by putting the same amount away in P.M. , or more land.
     
    Last edited: Jan 4, 2019
    chelloveck, mysterymet, GOG and 4 others like this.
  3. BenP

    BenP Monkey++

    Has anyone seen a study or anything on how long we have until the system sinks? It seems like someone would have charted it out based on our current trajectory and known facts.
     
  4. Cruisin Sloth

    Cruisin Sloth Special & Slow

    Take out the max or convert with the least tax hit . This is what I have done .
    In 2008 I saw guys older than I getting the pension stripped down to 50% of what was to be collected and the loss of bennys .
    Since then I've been pulling in amounts that keep me under a tax grab and buying PM's or viagra cialis levitra .. ;)
    Sloth
     
  5. oldman11

    oldman11 Monkey+++

    Cash
     
    Gator 45/70 likes this.
  6. apache235

    apache235 Monkey+++

    The doom and gloomers are saying this year, but that is what they said last year and the year before that. Don't have a clue when the party will end but when it does, it will be spectacular.
     
    oldawg, GOG and Gator 45/70 like this.
  7. Andy the Aussie

    Andy the Aussie Monkey+++ Founding Member

    .....but what happens when inflation outstrips the value of the "paper dollar", think Germans lining up with a wheelbarrow of cash to but a loaf of bread or the Zimbabwean Billion Dollar notes, cash is useful I agree, but if you have not enough of it anymore to convert into a useful tangible is it ? Some things will hold value (gold and silver for example - but that value is also only one assigned by "mankind" - you can't eat it and you need a good deal of it to make a house from it). The right answer I about balance, some money that is properly invested and "working for you" ie returning you an income appropriate to the mount you have put in and some in folding paper and some in useful tangibles. There really is very little way to insulate yourself from a great crash, sure you may be better off when things recover your gold or silver may be worth something again, as may your cash be. A skill to offer is probably best, I mean if you are hungry how much of your gold will you handover for a loaf of bread ?? Will the baker even swap bread for gold...can he eat it, can he feed it to his family....

    The reality is a big crash would/will be that and to one degree or another such an event will effect everyone. I myself do real estate, residential property, some places perform better than others but all are working out so far. Family home will be mine (without a ban owning a percentage, within 18 months. It's nominal value is interesting, Selling out of it and moving back to the country would be great if I can get a transfer with work that sees me not having to return to the city. In most cases "paper value" of a property is dubious but I am basing the value of my place on the actual purchase offers I get. Everyone seems to want a building block of land here in my area and send agents door to door with a cheque book in hand.
     
  8. Bandit99

    Bandit99 Monkey+++ Site Supporter+

    It is good to see that all of us here understand the significance of what is truly going on. Sooner or later economics will catch up to us and the 'house of cards' will fall. I think the first and foremost thing a person can do to insulate themselves from the crash, which will come sooner or later, is to pay off their home. This also frees money from other things that one is required to carry due to that loan such as Home insurance or allow one to carry a much more sane and cheaper policy.

    There are many problems I see with holding Precious Metals, the major being secure storage if you have quite a bit of it. Nevertheless, I do think everyone should have a bit of it tucked away for a rainy day. I say this but I do not have any - yet. Current gold price is $1284 and has risen about $84 dollars in the last month or so due I think to the Shut Down and the House being taken over by the Democrats but that is just my speculation.

    Of all the possible disasters that people prepare/prep for, I believe this is the most realistic and has the highest probability of occurring within our lifetimes. There is nothing we can do to totally insulate ourselves from it; however, there is much we can to, at least, dampen its effect on us.
     
  9. chelloveck

    chelloveck Diabolus Causidicus

    [​IMG]

    German Weimar Republic Reichmarks...not worth the paper it was printed on....

    [​IMG]

    upload_2019-1-5_14-35-34. [​IMG]

    The only folk doing well out of hyperinflation are paper and ink manufacturers....though the sting is that their invoices are paid in....well....hyper inflated bank notes.
     
    Last edited: Jan 6, 2019
  10. Bandit99

    Bandit99 Monkey+++ Site Supporter+

    Here's some more doom and gloom... I am not sure how accurate this is but...link at bottom. I put in the those countries that were in front of the USA (the first 16) and then I threw in a few prominent countries so we can get an idea of where we stand in the world. It's not a pretty picture... We definitely got a problem that is not going away, especially when you consider that it will be worse this year.

    EDIT: Sorry about the formatting but I tried everything I could to clean it up and nothing worked.

    Debt to GDP Ratio by Country 2018
    Japan, with its population of 127,185,332, has the highest national debt in the world at 235.96% of its GDP (although, notably, Japan is also one of the world's largest economies). Of the world's major economic powers, the United States has the highest national debt at 108.02% of its GDP. I do think Germany's will take a major leap as they started a HUGE arms procurement, military overhaul in 2016 so bills are coming due...


    Name National Debt to GDP Ratio Population
    Japan 235.96% 127,185,332
    Greece 191.27% 11,142,161
    Sudan 176.49%
    Venezuela 161.99% 32,381,221
    Lebanon 157.26% 6,093,509
    Italy 129.75% 59,290,969
    Eritrea 129.43% 5,187,948
    Barbados 128.66% 286,388
    Yemen 128.23% 28,915,284
    Cape Verde 124.72% 553,335
    Portugal 121.24% 10,291,196
    Gambia 111.45% 2,163,765
    Republic of the Congo 110.38% 5,399,895
    Singapore 110.24% 5,791,901
    Mozambique 110.14% 30,528,673
    #16 United States 108.02% 326,766,748

    #30 Canada 86.56% 36,953,765
    #62 Israel 61.56% 8,452,841
    #68 Germany 59.81% 82,293,457
    #96 China 51.21% 1,415,045,928
    #119 Australia 41.70% 24,772,247
    #176 Russia 18.67% 143,964,709

    http://worldpopulationreview.com/countries/countries-by-national-debt/
     
    Last edited: Jan 5, 2019
    Brokor, Zimmy, Motomom34 and 3 others like this.
  11. Ganado

    Ganado Monkey+++

    we so need an 'ignore stupid thread button'
     
    chelloveck and Gator 45/70 like this.
  12. Motomom34

    Motomom34 Monkey+++

    No, we have some good discussion in here. I appreciate the responses on my 401k/IRA question. I really need to get my future more financially secured. It is my responsibility and should not put faith in the markets etc.
     
    SB21, mysterymet and Gator 45/70 like this.
  13. Bandit99

    Bandit99 Monkey+++ Site Supporter+

    Perhaps you should elaborate on your statement? I must admit, I cannot even imagine why you would think this thread/post is 'stupid.'
     
    Cruisin Sloth likes this.
  14. chelloveck

    chelloveck Diabolus Causidicus

    My dear Ganado....that would apply to nearly all of the threads not related to self sufficiency, self reliant living, prepping, back to basics, The Green Patch, Survival Medicine, general survival, bushcraft,turf and surf and hunting and fishing; offgrid living, site resources and archived survival articles: The political and social culture wars crap would not be missed much, except by the crusty conservative culture wars warriors here...their lack of harrumphing would leave this place in blessed silence. ;)
     
    SB21, Gator 45/70, Ganado and 2 others like this.
  15. Cruisin Sloth

    Cruisin Sloth Special & Slow

    Waste another 30 Mins :
    Got some real Good Points !



    S
     
    Gator 45/70 and Ganado like this.
  16. Bandit99

    Bandit99 Monkey+++ Site Supporter+

    Well, I for one believe in conversation and discussion and if you don't think that 'political and social culture wars' has something to do with survival then all I can say is go back to sleep and/or stick your head back in the sand.

    In fact, I would say knowing and understanding politics and staying current on it is a necessity to survival and knowing the social environment and its culture wars is much like knowing a battlefield, your chance of survival is greatly improved by know the lay of the land.

    Anyway, for what it's worth, that's my opinion...and, yes, I understand yours might differ for different reasons but that is why we talk, converse, discuss...
     
  17. apache235

    apache235 Monkey+++

    Conversation is a good thing, it's when one side stops having a conversation and simply states that they are right and you are wrong no matter what that things get dicey. I'm afraid that's where we are in this country right now and I don't see it getting any better any time soon. A reset is in order and THAT won't be pleasant.
     
  18. Kingfish

    Kingfish Self Reliant

    Some one is getting three trillion a year in interest. WHO????? That is my question as I want his job.
     
  19. SB21

    SB21 Monkey+++

    Dammit Chello ,,,, for once , I've got to agree with you ,,,,,:cautious:
     
    Gator 45/70 likes this.
  20. I hope and pray you are wrong here. But, I must admit I fear you are right. On the PLUS side? I think 3 % gives us better odds then it may look like at first. According to the Government data online, There is approx. 1.3 mil active duty military. 865,000 Reserve military. And somewhere between 750,000 - 850,000 total Law officers. That places total military, and all Law enforcement together at 3,015,000 at the top end. Total population of USA is about 325.7 million (2017). 3% of population is 9.77 million. And when one realizes that those who believe in the constitution are mostly the ones that serve in the military and law enforcement agencies? I would guess we could count on at least 50% of them to support our side. No I may be wrong? But 3% looks pretty good to me. I just pray it wont be required. But if it is, I will stand as long as my legs and heath permit. And do what must be done. Just my two cents......
     
survivalmonkey SSL seal        survivalmonkey.com warrant canary
17282WuJHksJ9798f34razfKbPATqTq9E7