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It was the best of times, It was the worst of times.
Posted: Thu Jun 02, 2011 2:11 pm
by Diogenes
A hilarious (if it wasn't so sad) comparison between the Current USA and 1790s France. Fiat Currency supporters take note.
It was a new dawn, a day of hope and change, the ancien régime and the theocrats and the plutocracy having been supplanted by fresh new faces dedicated to Reason and promising to fundamentally change France. ...
A source of particular annoyance to the Jacobins and the rest of the Left was the fact that businesses and investors were sitting on a great deal of cash but refusing to spend or to invest, and many were sheltering their capital abroad.
The government decided upon a stimulus package - to flood the economy with fresh money in order to encourage new business through the magic of l’effet multiplicateur. ...
So confident were the French authorities in the effects of this stimulatory pump-priming that M. de la Rochefoucauld predicted all of that gold sitting in businesses’ coffers and offshore enterprises would soon come online and start making business happen. The revolution was shovel-ready. ...
http://www.nationalreview.com/articles/print/267989
Posted: Thu Jun 02, 2011 2:22 pm
by mvanwink5
I would buy gold, but one of the first things done is to confiscate private gold holdings, and this is a historical pattern also. So one would have to hide it from thieves and Gov't. If stolen, what would be the recourse. There are few simple legal solutions to this mess.
Posted: Thu Jun 02, 2011 3:01 pm
by Diogenes
mvanwink5 wrote:I would buy gold, but one of the first things done is to confiscate private gold holdings, and this is a historical pattern also. So one would have to hide it from thieves and Gov't. If stolen, what would be the recourse. There are few simple legal solutions to this mess.
I have currently been trying to transfer my monetary assets into what I refer to as "Dual Use" assets. Material and goods that are useful and valuable with or without an Economic collapse.
Suggested bartering material in an Economic collapse is Guns, Ammo and Liquor.
Posted: Thu Jun 02, 2011 7:55 pm
by EricF
Diogenes wrote:mvanwink5 wrote:I would buy gold, but one of the first things done is to confiscate private gold holdings, and this is a historical pattern also. So one would have to hide it from thieves and Gov't. If stolen, what would be the recourse. There are few simple legal solutions to this mess.
I have currently been trying to transfer my monetary assets into what I refer to as "Dual Use" assets. Material and goods that are useful and valuable with or without an Economic collapse.
Suggested bartering material in an Economic collapse is Guns, Ammo and Liquor.
Don't forget the canned food and water. And batteries.
Posted: Thu Jun 02, 2011 9:14 pm
by Diogenes
EricF wrote:Diogenes wrote:mvanwink5 wrote:I would buy gold, but one of the first things done is to confiscate private gold holdings, and this is a historical pattern also. So one would have to hide it from thieves and Gov't. If stolen, what would be the recourse. There are few simple legal solutions to this mess.
I have currently been trying to transfer my monetary assets into what I refer to as "Dual Use" assets. Material and goods that are useful and valuable with or without an Economic collapse.
Suggested bartering material in an Economic collapse is Guns, Ammo and Liquor.
Don't forget the canned food and water. And batteries.
With Guns and Liquor, you can take those away from whoever has them.
But yeah, Food, water, and various survival supplies are a good idea as well, but it's difficult to transfer much money into such things while retaining the value of such money. Around here we have a lot of food on the Hoof, and for water, all you need is a filter.
Posted: Thu Jun 02, 2011 9:27 pm
by rjaypeters
Diogenes wrote:Around here we have a lot of food on the Hoof, and for water, all you need is a filter.
So, guns, ammo and
filters?
EDIT: No matter what, you still have to watch out for giardia!