What Are Your Financial Plans?

According to these 2 people we are going to see the economy in America fall 80% this year. What have you done? What are your plans? Is it too late to do anything if you haven't already started?

 

I'm working until noon the day of my funeral.

 

I'll probably have to build my own coffin , dig my own hole ,, and spend my last few dollars to pay someone to kick my box in the hole ,, and shovel in the dirt .
Things ain't looking real good.

 

These 'two people' are massive pumpers of bitcoin. The only reason paper currencies would fall 80% is the faith is lost......and yet we're supposed to believe a made up "coin" is going to go to 800K ?

My personal plan is to keep doing what I've been doing for 30 years or so.....raising my food, cutting my firewood, putting excess FRN's into silver and gold.

 

Red flags every place that they over stimulated and overheated the economy, not mention planting and cultivating way too many free shit trees.

#1. I am going to continue with my proven technique of keeping 50% of my financial assets LIQUID of that 50% 33.33% of it in each CASH, Held in person Silver, Held in person Gold. I have started buying a bit of Platinum but it makes up less than 1% at this point.

#2. I have 25% in mixed stocks that have been performing exceptionally well over the last two years despite some pretty steep short term drops in the market. I do believe that gravy train is coming to the end of the line sooner rather than later. I most likely will pull 15% of that out and either convert it to Cash or put it in T Bonds.

#3. T Bonds has 25% and have not been spectacular performers but they are safe or as safe as a investment can be outside of liquid assets. Increasing interest rates will increase their performance to a point.

The way I see it the entire stock market right now is a huge artificially inflated BUBBLE that is going to bust and have a major correction sometime in the next 1 day to 3 years. Hell for that matter the entire current economy is a giant Bubble being over inflated by all of the not really FREE TRILLIONs pumped into it since Covid Mania took the Nation by storm.

We have the conditions present to see a financial collapse like nothing ever seen before. I think when they start raising interest rates significantly they will swing the pendulum complete opposite over a fairly short time span and we will see interest rates comparable to the 1970s, the Government on the hand will continue spending money and handing out free shit, 50% of the population give or take are now wholly dependent on the Government and the not so free money the other half have their pockets picked for. Inflation will continue despite the general economy being in a full recession because the root causes of the inflation drivers will not be taken care of. Again very much like the 1970s only much worse across the board.

 

I think I am screwed. I was deep into the market for years, made and loss a lot but gave up on the stock market about 6 years ago. I don't want to spend hours typing up a rant why but the market is corrupt as a hell, doesn't mean you can't win sometimes, just means like the casino the odds are against you.

I watch the gold market every morning, it hovers around $1800 an oz right now, seldom falls below $1800 and if does it's only for a day. I have been TRYING to get myself to invest a good chunk in gold when it drops but so far I still haven't pulled the trigger so... So, if indeed our paper currency falls or even fails then I am screwed blue and tattooed. It's as simple as that. I do own my home of 5 acres, cars, tractor, etc. and have zero debt but...if the currency fails then we'll be screw just like millions of others.

Normally, I invest in Bonds or CDs, fixed income stuff that is safe but the interest on these is ridiculous so I cannot see tying up my money for a year for so little gain so... I have a lot of cash which will be worthless or worth much, much less if things go bad which I admit certainly seems likely...So, anyway, we're screwed...

 

This should be a WAKE UP for all who follow Non-MSM news
Au/AG since the 60's and last week as well , slowly like TN-Andy has , same plans .
Sloth
@Bandit99

 

With inflation I've considered TIPS (inflation compensated bonds). Haven't bought any but it may be an option with Joe in charge.
So far just riding the stock market wave but not committing a large percentage.
Got some PMs mostly silver.

 

As long as I got mobility, my financial plans are to earn what I need to survive beyond what my retirement income provides. If my retirement income fails, look for me on CNN, they'll be starting another big gun control push and interviewing my neighbors.

 

My financial plan is simple, and basic, but probably doesn't include having 'Old Blighty' as my domicile.



There are bawdier versions of this tune, but probably not conforming to the site's CoC.

 

There's someone always saying that

 

Keep working for another 8-10 years and then retire. The house and land are paid for, and I will have my savings, social security, medicare, and preps. Hopefully, I will enjoy many years on the farm.

 

They are not the only ones.

 

I have gold and silver. I have been buying it since it was $60/oz for silver. 15 years maybe. The problem with gold and silver is that the price is not going up until fiat money is gone. It is too easy to manipulate the price by printing fake gold bonds. My gold and silver is a long term investment that I hope my kids will benefit from. I know I wont.

In order for the fiat money to be gone people will need to start using Bitcoin, not crypto, but Bitcoin. It is going to happen and within 10 years EVERY country will be using it. They can't stop it. ALL of south America has it on their agenda. Arizona and Wyoming has it as a possibility. People who still think its 'magic internet money' are so far behind.

Will Arizona be the first U.S. state to accept bitcoin as legal tender?
A crypto breakthrough? Western states consider taking digital currency
State Senator Introduces Bill to Make Bitcoin Legal Tender in Arizona

The question is 'why wouldn't you use BTC?' It can't be taxed, taken, or used to fund war. You want freedom and peace world wide? This is how we do it. I don't even think its fool proof but I do think it is the only real chance we have right now. NONE of the things that we have tried in the past will work. We've already tried them.

This is also a huge opportunity for those of us who have nothing to make a stake in BTC and flip the tables. If the price does what everyone is saying it will, we can be in charge when the smoke clears.

 

There's bitcoin kiosks at the gas stations up here. Just throwing that out.

 

Bitccoin sounds good...until there is a power outage or no convenient computer to run the imaginary transaction.
Just another fiat currency...except you can't even hold it.
PMs, imho is the best way to carry over wealth.

 

AU/AG & Food + condoms

 

https://www.bitchute.com/static/v136/images/play-button.png
cant get much worse
Sloth