Quote (TaoTeChing @ Sep 11 2019 06:05pm)

Well in a shit hits the fan senecio it’s hard to say if silver will have any value as we all know commodity’s such as food and energy would preform better than land and raw materials but i’m not preparing for that. It’s hard to explain without an essay so I’ll try and keep it short. Other currencies in the world are backed by the US dollar, the US dollar is backed by debt. The only way that can work is if our gdp grows with our debt, and in recent years our debt has grown at a rate well over our gdp (by our I mean US). So what’s the solution? There’s crypto out there, but how easy would it be for a country’s government to spend xx million on energy to mine enough crypto to hyper-inflate another country who’s national currency is crypto? There’s gold and silver, nope lol. Then there’s our fiat money, but rather than backed by debt, say it’s backed by 20% gold so to do that you’d have to raise gold to about 10k an ounce, so even if our country isn’t growing at the rate as say China, our currency would remain as one with a high purchasing power compared to other country’s. A higher debt over gdp means the US goes more and more in debt with less and less to show for it. And you can thank the government for working with Wall Street rather than Main Street. Wall Street is full of brokers, they’re broke and want other people’s money. Main Street is for entrepreneurs, and the only thing they can do is offer you their services. As an entrepreneur myself I believe in real assets such as land precious metals food and energy. I tried to keep this short but I can go on and on zzz

Quote (Hecht55 @ Sep 11 2019 05:36pm)

So does everyone else lol.

Quote (thesnipa @ Sep 12 2019 01:39pm)

so these people will be coming out to the remote country side where i own an acre among 1 million acres to take my land? so i should buy a house in the city since that's where it will be safe in a doomsday scenario?

Quote (Hecht55 @ Sep 12 2019 03:11pm)

What I'm saying is if the system collapses that badly almost everyone is going to die. When the billions of people who live in tiny apartments/slums have no choice but to leave your land won't seem so spacious.

Quote (thesnipa @ Sep 12 2019 04:19pm)

you're making stupid statements without any concept of the geology at play here.

i live in an unincorporated area, we're not close to any major cities. Oshkosh is the largest, and has a pop of 66k or so. there is so much cornfield area around me that each of the 66k people could all grab 1 acre each to live on, and they wouldn't make it to my house. there's far more than 66k acres between me and the people "fleeing".

and if you dont want to die im not sure what better plan there is than to live in the country and insulate yourself from society. learn to grow food, learn to raise livestock. have guns. thats all you can do.

Quote (Hecht55 @ Sep 12 2019 05:19pm)

Good luck chief.

Quote (Thor123422 @ Sep 13 2019 12:38am)

In a huge collapse situation like that nobody is safe, but the safer ones are undoubtedly the ones away from the city in relative isolation with an increased level of self-sufficiency.

Quote (Hecht55 @ Sep 13 2019 08:32am)

For a short time

Quote (Thor123422 @ Sep 13 2019 11:15am)

In case anybody thinks metals have inherent value let me tell you a fun fact.

Aluminium used to be way more valuable than gold or silver. Then a way to efficiently refine it was invented and now it's basically worthless. For a while the person who invented the method was the richest person on earth.

There is no inherent value in metals, all it takes is the discovery of a revolutionary refining process or a large enough supply to be found and it becomes effectively worthless