No I meant that many people seem to have the attitude that the rules of the last 100 years will continue, just in a reset system. I think TPTB have made it clear that it will be a new type of serfdom.
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So if Iām hearing you correctly, your view is that many view the future with recency-bias from the last century?
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I find it perverse that the money is devalued and your equity purchases appreciate as a result, then the āgainsā are taxed as though you went somewhere in buying power.
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Exactly! Of course none of us really knows whatās going to happen, so the interesting part is trying to separate out recency bias from whatās coming like the scarcity constraints that will dominate the future, what TPTB want to impose on the world, their hubris and failures, plus whatever wild cards may pop up like alien tech or religious events? Have to keep an open mind.
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I could be completely wrong about this and maybe people have changed significantly but Iād expect once the digital financial control grid gets implemented, pms will have a greater value. Looking back at history, the more a government tries to micromanage the people, the more robust the black market. And they aināt going to want your traceable ācurrency.ā
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Perverse, inverse, upside-down worldā¦ agreed.
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They screw us over every opportunity they can. Tax us forwards, backwards, before, after.
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So, defensive moves are required by us now. Saving has become an art.
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But is that due to recency bias? If they have a fully digital and surveilled system, what things will you actually be able to source from the black market? You wonāt be able to buy real estate or a car with PMās if they decide they donāt want you to since those all need to be registered with the government. I expect there will be a parallel economy for local stuff like eggs and blueberries, things small enough to avoid their tokenized digital surveillance, but how many eggs and blueberries can you actually eat? They have told us they will clamp down on meat so you may not even be allowed to keep chickens without each animal being tracked. Hopefully we will be allowed to have blueberry bushes but I understand they were banned in USSR. Edit: apparently you were allowed to have a small garden in USSR but you needed a rural house for that.
Edit 2: remember last year they told us they didnāt want us to grow cucumbers at home since they claimed it had a greater carbon footprint than industrially produced cucumbers due to the wood you might use to build a planter box? So I expect they will impose a carbon tax on growing your own food.
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@jhgoodwin it is a long time to tax time and memories get really fuzzy !! unless you capture it in detail and provide to tax accountant. gotta love physical cash
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One theory is that there is enough gold in the Grand Canyon to pay off all the debt and pay for anything else thatās needed. Seems to be a well researched topic: Bix Weir - Trump Is Using The Gold In The Grand Canyon To Bring Down The [CB],Smithsonian Is The Key
Iām not sure how it will look. Because you are entirely right that things like cars and houses need to be registered and that canāt happen on the black market. But as a thought experiment - what if you pay someone in pm to āfixā your old dying car. The serial # stays the same and you put on the old license plate but by some miracle of repair work your car is good as new! The mechanic earns money for his labor and pays people in his network to cannibalize other dead or unused cars for parts giving your car a complete rebuild. All those grandpaās shops are going to become very valuable.
Not the place for me to explain further but Iāve learned that most of the time people are too intimidated to give anything a try in the first place. They seek permission instead of begging forgiveness. Youāre not allowed to grow your own food - well look at that lovely sweet potato vine ground cover in your yard. I bet 99% of Americans donāt know what it is or if they do that itās the vegetable not just the ornamental. Or that the leaves are a nutritious green veg and the roots are a great storage crop. Trade with neighbors who are finally taking care of that previously abandoned 30 year old apple tree. āPetā rabbits are quiet and can be kept in a garage. Quail are quiet and donāt take a lot of room. I think @thecountmc has discussed having fruit trees and other garden plants hidden in plain sight.
The digital control grid is designed to keep us compliant but clever people will always find a way. These are emergent behaviors so I canāt say exactly how it will work but Iāll be damned if Iām eating the bugs. And I suspect most of us here are striving for enough resilience to hold on to some autonomy. The unprepared, particularly those in urban areas, are likely the ones for whom a handful of pms wonāt be enough to save them.
Edited to add: I sadly lost my bean harvest in a tragic boating accident.
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Even in the darkest most totalitarian times, I believe governments will still trade in gold. Their central banks are stacking it and they will want more.
In the darkest Stalinist Soviet Union there were shops set aside for those who could deal in gold or foreign currency where people could get things not otherwise available in the common state run markets. They did this under the guise of helping foreign visitors get things they were accustomed to at home, but it was a system designed to collect czar era gold coinage, and other countries currencies for the benefit of the government.
Gold, the currency of kings, Silver the currency of gentlemen.
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I think it all depends on how far they take it and how long it takesā¦ if we take them at their wordā¦ and we hypothesize and branch predict the trendsā¦ in their end plan there are no houses or cars or gardens or even dirtā¦we are basically locked in 15 minute cities packed with digital control and concrete with 1 tube of cricket paste, a liter of water and a iphone filling with propaganda , netflix and porn and tracking and 3 uniforms a yearā¦ basically a full on max prison with no escapeā¦ like the line in saudia arabiaā¦
In this case looking at super max prisoners and their economy is the best case for how it would workā¦ mules āpeopleā will stand in front of the digital cameras during illegal trade, or in the darkā¦ guards will be paid off or threatened" who wants to get shived over an extra cricket paste tube?"ā¦ something small of value that does not quickly expire will be the means of tradeā¦ used to be cigaretteāsā¦ i heard square bricks of top ramen from the prison store were popular because the food was so badā¦ in the 15 minute cities ? 10 minutes charge of your iphone, tubes of cricket paste? bottles of water, toliet paper, clean socks , they will probably have some form of drug or alcohol allowed in their to nullify the population or whateverā¦
They seem to be doing the boil the frog approach, to reduce the uprisings i.e. UK has started Net Zero homesā¦ 75K fines and condemning rentals that are not compliant. The NY commie mayor is proposing bring that hereā¦ Here in the PNW they are trying to pass the pay per mile driving taxā¦ Chris has mentioned electricity and it going up exponentiallyā¦ so it will be a slow squeeze of regulations, fines, hyper-inflation, unemployment, carbon taxes that crush everybody slowly vs a soldier at your doorā¦ in this case the black market will be well and thriving the way it has been for quite a whileā¦ gold, guns, medicine, food, drugs will all be currency for illegal contraband cheeseburgers and gasā¦" watch demolition man and mad max for a sample"ā¦
The Black market wont change and it wonāt go super max into cricket paste tubes tradingā¦until they get to 100% 15 minute city lock downā¦
However, I think given our covid experience they will maybe get ~75% at most there and then it will crash and burn when everybody finally figures it out and enough people in volume start to stop complying with everythingā¦ much liked the unvaxxed didā¦in this case what you have to figure out how to be the last 25% standingā¦ when that happensā¦ and ideally having something of value to barter and tradeā¦ my wifes grandfather in soviet russia had an illegal still for making alcohol, his neighbor hid honey bee hives in the woods and bartered honeyā¦
Having the at the very least the very raw basics under your control could be a strategy.
How to do thatā¦ not be 100% dependent on āthemā for your basic Maslowās hierarchy of needsā¦
even on a limited budget the simplest roughest cheapest example of this is even just owning your own plan B without a loan even if its a small remote empty lot in woods with a tent, a outhouse, and a creekā¦ with pre planted patches of wild stinging nettles, blackberries, and Jerusalem artichoke , an axe and flint and steel for firewoodā¦
Would have you much better positioned to be the last 25% standing then the six figure income guys with million$ mc mansions on the hill and a mortgage to the bank and a credit card and a grocery storeā¦
of course this is an extreme jed clampett example
and yeah hide in plain sight is a strategyā¦ expect the climate police to come take your registered chickens like they are trying already in canadaā¦ potatoās became a staple when crops were burned to starve the population because they survived underground after the burning ā¦ Russians hunt mushrooms in the woods and make stinging nettle tea and soup not because its fun but because it was survival in their recent history after the fields and stores were raided by Stalinā¦
So how many people "especially the newly hired great reset police will know that stinging nettles when boiled are basically cabbage? or dandelions ? or cat tails or any of the dozens or hundreds wild plants ā¦ a friend of mine from Africa introduced me to a native flower they have that pollenates a form of edible flour they make bread from. no one in North America will recognize(i ordered the seeds on line for $20)ā¦ For under $100 in seeds and a couple weekends you could set up a forest garden in your back yard or even guerilla garden in the woods unrecognizable edible plants for almost no $.
above is extreme roughing it low buckā¦ideally you could position yourself better than that with a minimal or even decent investmentā¦ acres ,trailer, cabin, gold, tools, homestead, well septic, solar, garden orchard etcā¦ but that all depends on how much spare time and money you have to position yourself and what your minimum living standards areā¦
but take a look at recent history with covidā¦ if they install social credit and kick you out of the grocery store like they tried with the unvaxxed without the vax cardā¦ what will you do?
If they install CDBC 's and shut down your bank account and you canāt pay your mortgage like they did with the truckers what will you do?
it looks like canada is already headed down a dark black market trade slope here already
and its not really a what ifā¦ they already did itā¦just not to you YETā¦ its a when and they are telling you they are planning to do it to you.
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My 2 cents - I am not a trader! I have been researching financial markets, and learning financial history for a few years now.
We are likely in, or about to be in, the most chaotic market conditions, possibly ever! This is a great time to experience/watch. And a great time to follow financial historians - a few great ones outlined below.
But a terrible time to successfully learn to trade - in my opinion.
George Gammon does a great job of using others videos, reformats them, with the use of a white board + 3 steps - and good on him - I know a number of PP members really like George. However, his finance background is owning rental properties (happy to be corrected). This is not the experience you need to get a great understanding of finance and the monetary system, but Ok to begin your learning.
If you want gurus - Marc Faber, Manecco64, Bill Fleckenstein, David Rogers Webb to name a starting few. These guys all have decades of experience in financial markets, and are excellent financial historians.
My guess would be that all of these guys would recommend that you should massively overweight precious metals, and leave the markets well alone at this time. In fact, Marc Faber is probably the best financial historian of this esteemed group, and on ITM trading a few days ago, he suggested that he is thinking of going 100% precious metals - and he has always been very focused on the approach ādiversify your portfolioā (cash and bonds/equities/gold/real estate 25% of each.
If you are determined to get into the Markets, I think John Rubinoās substack may provide you with some stock picks. John is also an excellent financial markets commentator, and he explains everything with a very easily absorbable style.
Cheers
Philip
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I have but storing fuel is tricky. Gasoline doesnāt last long 1-2 years, and diesel too lasts only so long. So the max you could really store would be the amount you use over the timeframe, remembering to rotate through the stock with every refueling.
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Thereās no fuel like an old fuel.
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This seems weird thing nobody has solved as governments have yuuugeee underground national security reserves of critical oil products. Cant remember numbers from US but every country has some so combined those are big numbers.
eg mix fuel with some additive to make it last longer. Store as solid form etc for 5-10 years. 1-2 years is really short, explaining why SPR is forced to recycle and sell constantly.
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Thanks so much for this. Right on point as far as the type of help Iām looking for here. Youāre right. Learning to trade or invest now would be like learning to sail in a storm. I felt better as soon as you said āoverweight metalsā which says more about my psychology than anything else. I have been going back and forth over percentage to allocate to metals and it just keeps getting bigger because Iām so averse to buying stocks or bonds. I am interested in mining and royalty stocks and plan to either buy some of the Rick Rule picks and/or a good Sprott Index like SGDM/SGDJ. I feel good about these for the simple reason that debasement of currency means that commodities become more dear.
I ramble a bit, but thank you for the assist. I like John Rubinoās vibe very much and will check out his substack. (BTW, Marc Faber is hardcoreā¦the other names you shared I will need to research).
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Additionally, in most of the US there is a 20 gallon limit for storage at ordinary residences. It is seldom enforced legally, but if you have a major insurance claim it is a convenient way for the insurer to weasel out of paying.
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