I was reading something recently that recommended that you have at least a year's worth of silver and gold on hand in case of economic collapse. That would be good, obviously. But what if you are like me and are always broke?
You wouldn't need to have so much precious metal on hand if you remember that when the economy starts its downward tumble you need to immediately stop accepting US government paper, "dollars", as payment for anything- goods, time, or services. This may be seen as unsociable behavior by those who try to cling to the dying "system", but it is very important.
Would you work for slips of paper on which I sketch a little doodle and sign my name, saying that it is "legal tender" but not backing it with anything other than your trust? I hope not. The government's counterfeit "dollars" are no better unless people imagine they are better. Once people realize they are being duped, the game is over. Don't be the last one to figure it out.
So, when the inevitable occurs, just make sure that you see "Federal Reserve Notes" as the worthless IOUs they really are and accept nothing other than real money or goods for your pay. Then, any amount of silver or gold you begin with will not be depleted before it can be supplemented. In that way you will protect your own economic future.
Comments
Forget the silver and gold. Until you have a year or more worth of food, essential supplies, a clean water source and a defensible place to store them... you can't afford any "precious metals" except those made with lead and brass.
Accept only useful supplies or guns/ammunition for your goods and services from now on. That is the only meaningful way to starve the beast.
And always remember that the most precious asset you have is the lump between your ears. If you truly use THAT, you can start over from nothing and live well eventually. Don't get so wrapped up in your "stuff" that you lose your life.
Good suggestion, Kent. Stop accepting currency and take instead real goods.
MamaLiberty is absolutely correct too. Buy now what you would have used gold to buy when things hit the fan. You'll get a better discount today.
Gold is good for post-disaster; when a new form of currency comes into being. It will carry you over the interim.
However, buy:
Food, guns, and gold.... in that order, to prepare for disasters.
EC Riegel pointed out some years ago (about 1946) that anyone who produces anything of value is an appropriate person to issue money, provided that they accept the money they issue for the things (goods, services) of value they produce. Government doesn't produce anything of value, so it is the worst sort to be issuing money.
JSG Boggs actually makes very good money which is just his doodles on paper. en dot wikipedia dot org/wiki/J._S._G._Boggs
Don't forget silver and gold, and don't trust that Mama Liberty. Silver and gold have been money for thousands of years before she was born, and will be money well after she's passed on to her reward in the fiery depths of perdition.
Most Americans have already begun withdrawing from the system. Of the 307.5 million Americans alive in November 2008, only about 130 million of them voted in the election, including however many dead people were still on the rolls. About the same number have filed any sort of personal income tax for 2
Got something to say?
Examiner.com is looking for writers, photographers, and videographers to join the fastest growing group of local insiders. If you are interested in growing your online rep apply to be an Examiner today!