Four Ways I Am Preparing For The Dollar’s Collapse
The Blue State Conservative,
by
Parker Beauregard
Original Article
Posted By: LibertyLawyer,
6/15/2021 8:00:05 AM
Disclaimers: 1) I am not a financial advisor. The presentation of material reflects only my personal decisions regarding investment opportunities and expenditures. All investments carry risks that need to be weighed by any individual investor and their advisors. 2) Links to products may be affiliated with promotional content. By purchasing some products through these links, I may receive a small commission.
In the era of financial and societal insecurity, I have taken it upon myself to best prepare for the unknown.
Reply 1 - Posted by:
SilkCity 6/15/2021 8:19:49 AM (No. 816139)
No comment on the article, but the author has a great handle!
2 people like this.
Reply 2 - Posted by:
jalo1951 6/15/2021 8:27:07 AM (No. 816154)
I am a semi prepper and have started to replenish my stash. Invested in new ways to keep and store food. I also take care to have those items we use that may be disrupted because of logistics. Paper products, batteries, OTC preparations etc. I feel that I am a nervous nelly about some of this but I find this administration is so out of touch with reality that I would rather have too much then not enough. Inflation, shortages, energy issues all of it is frightening. Is a depression even possible? Now that they are losing control of the pandemic they will have to gin up something else to pull out of their butts. Waiting for them to yank the cord of climate change and restrict our movement. What better way to control us then to take away our ability to freely go where we want. I am heartsick over what is happening to our America.
34 people like this.
Reply 3 - Posted by:
Dodge Boy 6/15/2021 8:46:20 AM (No. 816192)
In view of the food and goods shortages that emerged when the pandemic scam blew up last year, having emergency provisions on hand is wise. Owning physical gold and silver bullion is also very wise because these afford wealth preservation and barterability. As for self-sufficiency, I am always an advocate of doing as much for yourself and your family as possible. As for cryptocurrencies, Parker is completely off base. Stay the hell away from these.
13 people like this.
Reply 4 - Posted by:
HotRod 6/15/2021 9:00:49 AM (No. 816222)
I agree with preparing for hard times. However, I disagree with converting to precious metals. When times are bad you need a currency that everyone can/will accept. Think about going to the grocery store or gas station and presenting the cashier with gold or silver. How will they know to deal with it? How will they know how to make change? We are, of course, assuming that there are groceries in the stores and gas in the stations.
Not only that, but who will buy precious metals, when people are out of work and must spend what money they have on food, clothing and shelter? They only people who would buy precious metals will enjoy a buyer's market. Think about it: Who will buy precious metals in those bad times? There will be plenty of people selling at a loss to get food, etc.
Better to prepare by building your stash of cash in your possession, in case the banks shut down, as well as non-perishable foods, survival equipment, and defense gear.
11 people like this.
Reply 5 - Posted by:
Pearson365 6/15/2021 9:10:01 AM (No. 816239)
Far more effective steps would be to work with local, state and national GOP to ensure honest elections this year and in 2022 and 2024. The 4 steps author recommends are simply updates of the bomb shelter nonsense of the 1960s, with emphasis on “I only care about me” rather than our country and fellow Americans. If supporting the Repubs is too much, then work with concerned parent groups to keep CRT, BLM and other Marxist madness out of our school systems.
14 people like this.
Reply 6 - Posted by:
lakerman1 6/15/2021 9:22:40 AM (No. 816250)
The iconic lakerman (yes, me) has been suggesting, for the past year or so, to buy gold and silver. In a colapsed economy, markets will be created to use the stuff to purchase and sell stuff.
Stay away from crypto, which has more scams going on than a Nigerian prince. If you google crypto scams, you wil find a laundry list of scam sites.
I had a family member, who has a high IQ, lose 1500 dollars in a crypto scam, just last month. He thought he was dealing with a woman in Canada, and the scammer had a fake 'bounce' canadian phone number, but was siting in Hong Kong. And the trading account was quite sophisticated.
7 people like this.
Reply 7 - Posted by:
jimboscott 6/15/2021 9:23:18 AM (No. 816251)
Crypto ought to be at the top of the list based upon both performance and theory.
Crypto will survive the collapse of every known banking and financial institutions. Crypto will survive the collapse of all known governments. All that is needed for crypto to survive is a network.
Everyone should actually learn what cryptocurrencies are, why they exist and what the benefits are. Those who decry them by saying 'cryptos are only good for criminals to move value undetected' might be forgetting that one day THEY might be called criminal for a belief or for some affiliation with a church or organization that is calling Big Brother into question.
0 people like this.
Reply 8 - Posted by:
harleynyc 6/15/2021 9:32:23 AM (No. 816257)
If the dollar ever collpased you'll need to be sleeping with a shotgun by your side.
It won't be pretty. BTW, Crypto is a scam.
9 people like this.
Reply 9 - Posted by:
doublesharp 6/15/2021 9:34:47 AM (No. 816260)
pre 1964 dimes, quarters and halves, commonly called junk silver, is good property as is ammo, firearms, knives, hand tools, etc.
3 people like this.
Reply 10 - Posted by:
LC Chihuahua 6/15/2021 10:24:50 AM (No. 816321)
Convert your wealth into something that can be traded. Not necessarily precious metals. Stock up on food.
Don't trust crypto currency. It is black market currency. You would be playing in the criminal's backyard, and be ripe for the picking. If you get ripped off, who would you go to?
7 people like this.
Reply 11 - Posted by:
MDConservative 6/15/2021 10:40:09 AM (No. 816340)
If we enter hyperinflation, currency will be useless. One can also assume manufacturing and distribution systems will be badly disrupted as the time between the raw materials arriving and their sale will see significant price changes. Life will not be normal, such as pulling up to a gas station and just filling up with old dimes and quarters.
Crypto? You've got to be kidding. One can only imagine how well the cryptosystems will be operating. What is the intrinsic value of a Bitcoin or any other such unit?
Dig up your yards. Grow crops and can them. Food barter and other necessities will be the usable currencies in case of any such catastrophe, and the distribution net won't reach far from your backdoor.
5 people like this.
Reply 12 - Posted by:
Marzon 6/15/2021 1:18:44 PM (No. 816545)
I recommend precious metals such as lead and brass...
8 people like this.
Reply 13 - Posted by:
Sandpiper 6/15/2021 1:56:29 PM (No. 816578)
Just as good advice in the comments section here as in the article. Thanks everyone.
2 people like this.
Reply 14 - Posted by:
DVC 6/15/2021 3:18:30 PM (No. 816687)
Buying precious metals is extremely precarious. In the 1930s the feds made private ownership of gold illegal, and required you to sell all your gold to them at THEIR PRICE. If you put a large amount of money into gold or silver, and the government says "turn it in, you can't own it".....what good will it do you? Can't buy anything with it if you don't turn it in. And what if they pay 10 cents on the dollar?
Being prepared with tools, skills, some stored food and paid off land that you live on are very sound things. I'm not sure that precious metals is a good idea, but hey, my crystal ball has been in the shop for years.
The first time I saw this sort of stuff was Howard Ruff's book How to Survive the Coming Bad Years back in the late 70s. None of that stuff that he predicted came to pass, although interest rates did go entirely nuts. I paid 12.5% interest on my first house, long since paid for.
Be careful, and don't trust that the government won't make it illegal to own or sell gold, or they might go back to setting the price. They used to set it at $35 an ounce. And they could go back there if Traitor Joe and his evil minions decided to do it.
1 person likes this.
Reply 15 - Posted by:
NYbob 6/15/2021 4:31:33 PM (No. 816777)
Good luck. Not sure how much of this sewage storm anyone can avoid. You have to sleep sometime and everyone is dependent on others for something. The only upside to the coming storm is, it makes the eventual ending of each one of us, more of a release than something to fear. If somehow a large portion of the scum that brought this upon the world would receive the brutal justice they richly deserve, THAT would be a tiny move in the right direction. Unfortunately I think things have to be much, much worse than they are for any of that to happen.
1 person likes this.
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It's only a matter of time before it happens. Biden is a disaster.