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12 Comments

1. Re: Ultra Low Mortgage Rates

   Interesting read. Especially the comments. I found them extremely varied in that different people seem to be experiencing this economy very differently even in the same regions. Probably always that way to some degree but seems amplified right now.

2. Today’s warning from Ron Paul. Yep, he is still at it.

   The Biggest Bubble Ever: The Burst Will Be A Disaster!
   https://www.youtube.com/watch?v=I2R1HsiM2NM

3. Dr. Ron Paul is the most honorable, perhaps the last liberty-minded person serving in Congress in my lifetime.

4. Be your own Central Bank.The only assets that have held their value for the last 6000 years are gold and silver.Some of our prepper friends lament that they can’t afford to buy precious metals.I say that they can’t afford not to.
   When we become a barter society,cash won’t buy squat!!By all means take care of your food,water,medical,and security preps first,but please don’t forget the metals.Your children will thank you!!
   God Bless All,and Long Live The Republic.

5. Ron Paul was one of the few in Congress pointing out the folly of war with Iraq. One of my heroes.

   Carry on

6. Will the ‘pension crisis’ …er…scam be the straw that breaks the camel’s back ? If it as bad as this article suggests, yes it could. The Wall Street bailout of 2008 was Ten Trillion dollars. And another Ten Trillion went to the Euro-peon banks. Well, WHO has the money to bail out the prom pension funds so that they can pay the promised pension payments ? Hey, they’re lookin’ at US. US and U.S. that is.

7. RON PAUL
   Never forget

8. I think that precious metals are a very good hedge and should be part of a portfolio. Throughout the world it seems India is one good illustration of its value stoe capability.

   I am curious though about the value of gold and silver in a truly collapsed economy. I have read that gold was close to worthless to the common man in post war Japan. Gold jewlry was supposedly flying out people’s hand in exchange for food and other necessities. Bar soap, chocolate and cigarettes were supposedly the best currencies. I read this a long time ago and have not been able to able to find this information again.

   Does anyone have information on the actual value of gold and silver in daily trade in a collapsed economy? Perhaps postwar Japan, Germany, postfall Russia, African nations, Venezuela? I am looking for example of people buying food or other basics with small quantities of gold or silver?

9. There are several scenarios. Gold and silver would only be good to sustain generational wealth or to rebuild once “the dust”, whatever that might be, settled. You might be able to pay off large debts like your mortgage. Perhaps farmers or those with adequate supplies would take gold or silver. In the daily food survival grind you would lose a lot of value trying to trade precious metals for food. If you were the desperate one, you might pay an ounce of gold for a dozen eggs! It is better to have stuff to trade like lighters, or cigarettes, chocolate, can openers, soap, etc., to trade for food. Buy a lot of King Oscar sardines – lol. They are good and don’t take up much space. I gave Walmart the once over early this morning, and they really are low on a lot of canned vegetables and meats. Stock up!

   1. Medicine, and medical knowledge, after food, staying alive or just healthy will be more valuable than silver. After common caliber ammunition, will be antibiotics, and other life saving meds, more desirable. Stored correctly, close to, but not lower than freezing, in airtight containers, mylar, glass jars, oxygen absorbers not necessary, and stored in total darkness, antibiotics and other chemical compounds, can be self stable for decades with modest, if any degradation in effectiveness. And antibiotics are not just about saving the life of an individual, but team member. Why lose family, or a highly motivated prepper, because one did not have 10 bucks worth of antibiotics?
      Look at prices and availability at fishmoxfishflox.com: https://fishmoxfishflex.com/
      Purchased in bulk, and dividing doses into courses per a protocol for the extreme case illness, for a family of 10, the cost person to cover one course ,or incident of many different or common infections and diseases, is only $114.00 per person. Buy more, and supply neighbors. What is the value of some one you love? All the gold and silver is no good, if live saving medicine, is simply nowhere to be found. And it won’t be.

10. If our country suffers an economic/financial collapse, we will then be living in a barter society.There will only be memories of your portfolio.Fiat currency will have no value.
    Soap,cigarettes,and chocolate are great barter items——until they run out
    Even the canned goods that you stock up on at Wal Mart will be consumed completely.
    Gold and Silver are available in one tenth,one quarter,and one half ounce fractional.I wonder why? Maybe it’s because that if you are “the desperate one” you won’t have to spend your ounce for a dozen eggs.
    Maintaining generational wealth is nice to think about. But if you don’t have all your preps in order,you may find yourself up the SHTF creek without a paddle.

11. I’m surprised that a fellow prepper so savy in the requirements of antibiotics and common caliber ammo would dismiss gold and silver.
    Ron Paul is a wise man.I think he would tell us to cover all the bases.

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