Off Shore Banking

[riptides]

....As bad as we have it right now, it could always be worse. Be thankful for what you have. Then again, without being able to share it with people you love, would it even be worthwhile?

Yeah, thankful for what we have, but even more so thankful for the choice and the opportunity to get whatever and give where needed. Thank goodness for liberty.

 

[MicroPilot]

I sincerely think that if we can't learn to work with each other for the common good, instead of trying to barter for our immediate needs, perhaps we're all doomed and may not even know it....I wouldn't want to trade though, I'd want to work with you....

As bad as we have it right now, it could always be worse. Be thankful for what you have. Then again, without being able to share it with people you love, would it even be worthwhile?

I agree. Living in a society that worked as I described would be very difficult. I've been contemplating possible futures for a while and this outcome disturbs me.

 

[scoutcub]

Yeah, thankful for what we have, but even more so thankful for the choice and the opportunity to get whatever and give where needed. Thank goodness for liberty.

Couldn't agree more.

 

[YanmarFever]

Its no secret the country is in MAJOR financial trouble.
The best thing anyone can do is to GET OUT OF DEBT NOW.

If you have any unwanted items..... boats, cars, rv, that you don't use,
NOW is the time to sell them and use the money to pay off your debt.

We have had at least 15 - 20 tractor buyers call us to sell their tractors back cause they lost their jobs or loosing the house

As far as offshore banking... I know nothing, Im invested in heavy metals Yanmar (tractors):thumbsup:

Thanks to my God, my wife and carefull planning we run 0 debt.

 

[hitekcountry]

Its no secret the country is in MAJOR financial trouble.
The best thing anyone can do is to GET OUT OF DEBT NOW

Thanks to my God, my wife and carefull planning we run 0 debt.

Agree completely, I also have 0 debt.

My advice:

1 Get out of debt
2 Have adequate emergency supplies
3 Invest in yourself and your ability to be productive and self supporting.
4 Diversify and hedge your investments.

If I were to decide to invest outside the country in non dollar denominated assets, I would probably start here. (I have no connection with them in any way)

Home | Euro Pacific Capital

 

[beppington]

Agree completely, I also have 0 debt.

My advice:

1 Get out of debt
2 Have adequate emergency supplies
3 Invest in yourself and your ability to be productive and self supporting.
4 Diversify and hedge your investments.

I believe this is great advice, except it applies at all times, not just when you think the government & the economy are about to fail.

 

[Sigarms]

I believe this is great advice, except it applies at all times, not just when you think the government & the economy are about to fail.

+1

I just love all the radio commercials I hear about how to get out of debt, and it's not even your fault that you're in debt to begin with (per the ads). Kind of like it's not your fault that you put yourself in that position to begin with and if the government can get a bail out, why can't you?

Also love watching house hunters (my wife got me hooked on HGTV) and those young couples who put nothing down on a house and get a variable rate loan:ashamed:

 

[tallyho8]

If you are worried about governmental problems and the dollar be devalued I believe that I would like much of my savings invested in properties in a good tourist area. When our dollar is devalued, even more tourists come here making these desirable properties. Who knows what other currency will go down with the dollar when it is devalued.

If you are worried about complete society breakdown such as would occur in the event of a nuclear war then non-perishable food and arms would be the best investment.

I had the unpleasant experience of witnessing firsthand a complete meltdown of society when Katrina struck the New Orleans area and law enforcement and government were non-existent for weeks. Luckily, civilization was restored when those from non-afflicted areas came to our rescue and restored law and order.

However, I quickly saw how fast society disintegrates when government ceases and how food and arms can be much more important than money of any currency. In the event of multiple nuclear strikes there would be no large contingency coming to the rescue of any one area such as we had and restoration of society might not come within your lifetime.

 

[riptides]

I always admire those that say get out of debt.
Yeah, real simple to say. A lot hader to do. I think consumers added close to a trillion dollar in debt this last quarter. It doesn't take a lot of thought to figure out why.

 

[riptides]

Geesh, if the nukes start falling, you really want to survive in a world like that?

Me, I am going to the light. I'll not be part of the roaches and convicts society.

 

[YanmarFever]

I always admire those that say get out of debt.
Yeah, real simple to say. A lot hader to do. I think consumers added close to a trillion dollar in debt this last quarter. It doesn't take a lot of thought to figure out why.

Staying out of debt is a life style and doesn't happen overnight.
If you don't have the money for something..... don't buy it !

 

[hitekcountry]

I always admire those that say get out of debt.
Yeah, real simple to say. A lot hader to do.

It isn't so much a question of simple or hard, it more a question of what's important to a person. If wanting to live the best life style possible at the limits of ones income (and quite often beyond), then getting out of debt could be difficult. But if one lives within their income and always pays cash then it's not hard at all. I've NEVER had credit card debt. I truly don't understand the need for it. Some people can't seem to live without it.
Of course I've had mortgages and car loans but I've always paid at least 50% or more down on a car or in most cases paid cash. Everything else I've ALWAYS paid cash. If I don't have the money I don't buy it. I believe the people of this country have been totally brainwashed into believing they have to have all these "Things" that everyone else has and they need to "have it NOW". And the other part of the brainwashing is that being in debt is normal. To me debt is slavery, and slavery should never be accepted as normal.

 

[Redneck in training]

I bought a small farm and in the worst case we can at least produce food and energy for ourselves and barter. I am building new shop where I could produce something for the farm or barter. If I have more money I would buy more productive land. It has nothing to do with potential economical melt down but with global population growth. As the world population increases there will be demand for land that could be used to produce food or energy.

One hand I am trying to invest in an income producing asset that might be expensive if inflation hits but on the other hand I am not trying to erase all my debt in hope the debt payment will take lesser chunk out our income.


I was working in India last year way away from any large city. India is relatively poor country but the land values are very high even by US standards.

 

[riptides]

Staying out of debt is a life style and doesn't happen overnight.
If you don't have the money for something..... don't buy it !

A lifestyle? Debt is not all about buying stuff.

 

[riptides]

It isn't so much a question of simple or hard, it more a question of what's important to a person. If wanting to live the best life style possible at the limits of ones income (and quite often beyond), then getting out of debt could be difficult. But if one lives within their income and always pays cash then it's not hard at all. I've NEVER had credit card debt. I truly don't understand the need for it. Some people can't seem to live without it.
....

There is that life style thing again. And oh, the dreaded credit card, yeah that is a problem.

Come on guys, while buying toys and amassing plastic certainly creates or adds to the issue of debt it is not a single cause. Not all debt is self-inflicted or due to "life-style".

 

[charlz]

There is that life style thing again. And oh, the dreaded credit card, yeah that is a problem.

Come on guys, while buying toys and amassing plastic certainly creates or adds to the issue of debt it is not a single cause. Not all debt is self-inflicted or due to "life-style".

Examples? Are you referring to mortgages etc. that are more or less 'required' for most people?

I don't have a problem with 'necessary' debt but things like credit card debt I don't have and don't want. The interest you pay on that is a waste of cash you might as well just stand in the back yard and burn the money.

 

[forgeblast]

I just wanted to say i have had a positive experience with this company
Emergency Essentials - Be Prepared Emergency Preparedness Food Storage

The superpails of food are an inexpesive way to stock up, plus the food in there will last ~30 years.

I figure we would need, if something happened, at least 3 mts supply of normal eatting (to get us through the winter), which could be rationed to last longer.

Then its just making sure you have
seeds
a garden
fencing
tools
etc.....

My wife and I sat down and made a 5-10-15 year plan. What we wanted done on our property, what we wanted in case of an emergency, and what we wanted to increase the value of our property. Those that overlapped were put into the five year plan--fruit/nut/berries/garden/small green house, fencing, the ten year plan involved repairing/replacing structures along with improving our property/ the 15 is to stop buying some products all together and use what we make.

As a boy scout (eagle) I still have "be prepared" bouncing around in my cage.

 

[YanmarFever]

A lifestyle? Debt is not all about buying stuff.

Debt IS about buying stuff on credit

The only debt that is unfortunate is emergency medical bills.