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Message Subject Practical Prepping Protocol even if Poor
Poster Handle Pooka
Post Content
Hey, Pooka, I decided to drop in again.

Ref prepping, I bought silver coins when they were cheap.

I have a Masters in Econ, so I KNOW what happens when gov debt goes asymptotic and unpayable. The book, This Time It's Different, covers the history of currency debauching, debt defaults, and hyperinflation that ALWAYS occur with such financial madness. It has been thus since ancient times.

What follows such hyper events is CHAOS with revolutions, coups, rampant crime, etc. I just hope we don't have something akin to the French Revolution followed by Napoleon.

For years we have known that TPTB have manipulated the price of PMs lower. However, if enough peasants buy PHYSICAL metals such as silver coins, there is nothing the govs can do about it.

Sure, the Fed can backstop the losses of the banks and hedge funds, but the price of physical will still reflect reality.

And the reality is that runaway debt leads to hyperinflation, hence, PREP.

I fully expect that my Social Insecurity check, retirement check, etc. will become nearly worthless.

At some point in the future I will be selling vegetables and eggs at the front gate of my farm. Will take gasoline, scrap metals, ammo, etc. as payment if greenbacks become toilet paper.

Still strongly considering selling my homestead and moving to Central America where I have a lot of loving, loyal family.
 Quoting: darth


Darth, I thought you were just busy elsewhere. Had no idea you decided to be only a drop in now, instead of a regular. Please PM me the reason.

Good to see your post. We need that wisdom you displayed so please keep on coming with it!
 
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