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6 Comments

  1. I’ve been investing in physical silver for years now as it has been the cheaper alternative to gold. My primary source has been the well known auction site, with the understanding that I’m paying a $4-$5 premium for Silver Eagles. That being said, is switching to physical gold using the same concepts advisable.

  2. Regarding JWR’s 20 “S” strategy: Love it. Strong on tangibles and not-so-much on any ‘form’ of money. Question: once the house/property/land is owned free and clear, what are the challenges/ideas/obstacles regarding payment of yearly property tax? Should the time come when only those that take the mark can buy or sell (read “pay property tax”)…..what are your ideas? Otherwise, ownership of the land is useless. This one topic I have never seen addressed.

    1. Knowing human nature, I would not be surprised that a “black market” becomes available that people in the beast system will provide services and items to non beasties for a price, and as an aside in Idaho anyone can pay your property tax, have done so my self for others more than once.

  3. When the government (your representatives) believe they can tax your property – they also, as we know, believe they can take your property for nonpayment. So once again our “right” of ownership is contingent on paying a tax for the right. Name something they don’t tax and can’t take from you – beside your thoughts…

    I also think your question is quite valid. If we have no right to buy or sell – we will not be able to own property, period.

    Would like to believe before this point there would come a great disconnect in respect to faith in government “by” the people toward government in fear of the people.

  4. “Yes, inflation is coming. With multi-trillion dollar bailouts, monetization of the national debt, and chronic Federal over-spending, mass inflation is inevitable”

    Thank you Mr. Rawles. You have pretty much answered the question that I posed last week. And, you have put forward a list of 20 things that are in fact, pretty much inflation proof.

    As for taxes on your land – they may prove negligible. In the case of out of control inflation, or hyperinflation as has happened with some countries in the past – the inflation simply outstrips the governments ability to raise the taxes. Fixed costs, along with fixed incomes become inconsequential. Unfortunately people on fixed incomes, or with retirement saving are the first to get wiped out. But, things like mortgages and loans become pocket change when employers are adjusting wages to keep up on a monthly, weekly, or even daily basis to keep up and keep employees. That $300,000 dollar mortgage gets a lot easier to pay off, in theory, when you are suddenly making $50,000 or $100,000 a month.

    The bank cannot change your loan. The government can’t necessarily raise taxes to keep up. You could, in theory, walk in and pre-pay 10 years of taxes (get a receipt) with one days wages.

    Now, buying a loaf of bread will be next to impossible. Getting parts for your car – forget it. And paying a mechanic to work on it?? Those things that we use and depend on, on a daily basis, will hyper-inflate at the same rate, or faster, than our wages. Again, all we have to do is look south to Venezuela to see what can happen when inflation gets out of control.

    We are headed for some dark and troubled times, and the government can’t save us, because they can’t change the basic laws of economics, anymore than they can changes the law of gravity. They can delay, delay, delay, but they can’t legislate the laws of supply and demand.

    Keep your bible close, and your powder dry.

    1. re:
      bankers cannot modify loans, bumblebrats cannot raise taxes, pay ten-years of future property taxes

      The premise assumes civilized individuals acting rationally.
      The premise assumes contracts validated by government judges.
      The premise assumes LawEnforcementOfficials acting according to your definition of ‘ethical’.

      Backed into the shrinking ‘revenues’ corner, those individuals automatically — instinctively — form confiscatory mobs.
      Unthinking uncaring mobs, the suit-n-tie equivalent of rioters.
      Ruled by their reptile brain [from the old BisonPrepper blog].

      Similar to the MutualAdmirationSociety of Black oLives Matter and antiFa and marxists, the bumblebrats are allied with the bankers… and the marxists.
      I anticipate that relationship will continue.

      To you and me, they are a ‘circular firing-squad’; to them, we are ripe crops ready to be harvested.

      Expecting anybody else to act in your interests is naive.
      And doomed to fail.

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