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If you were worried about the economy becoming worse

Discussion in 'The Okie Corral' started by RMTactical, Nov 7, 2012.

  1. RMTactical

    RMTactical Battle Born CLM

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    than it is now, what would you do to prepare yourself and your family?
     
  2. Glock20 10mm

    Glock20 10mm Use Linux!

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    Living off grid is step one. Check
    Building the local community and relationships within is step two. Check
    Purchasing silver as a method to maintain buying power is step three. Check but buying more.
    Own firearms and maintain proficiency with said firearms is step four. Check

    Wait. Check
     
    Last edited: Nov 7, 2012

  3. 427

    427

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    Getting out of debt.

    I've been doing more and more flipping.

    Living life on a cash basis.
     
  4. Philippe

    Philippe

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    Let me ask this. Are you buying silver to actually make money or are you actually thinking when and if the entire nation crashes you can use this as a barter item? I deal in pm's myself and i like to hear others stories of why they are in the market.
     
  5. Beretta92guy

    Beretta92guy

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    living within your means (and thats hard when you are a gun enthusiast, LOL), paying off debt, no car payments, saving cash....working....

    hell what else can we do????????????????????????
     
  6. Andy123

    Andy123

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    A lot of people are saying, "Paying off debts," but if massive inflation is coming, shouldn't we live on debt and save in hard assets?
     
  7. 427

    427

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    If I pay off my debt, I have more cash to work with.
     
  8. Glock20 10mm

    Glock20 10mm Use Linux!

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    The silver I buy is my hedge against the fiat currency failing. Many say it can't happen... but it has happened before many times in history. Most recently in Argentina. And as with those previous fiat currency failures, people said it couldn't happen... but it did. And the people that had PM's were the ones that had buying power.

    It wasn't that long ago the British Stirling was the global currency... where is it now? Sure the UK is still around, but they went through a period where their fiat currency failed. Let's go back to the Wiemar Republic, the Deutsch Mark ballooned to failure due to inflation... we are seeing the same things happening here now.

    With all the QE BS from DC and the over borrowing, and spending more than we are cutting it's a matter of time before the deck of cards called the US dollar comes crashing down.

    I am basically doing what my great grandfather did just before the great depression and dust bowl. I am doing what I can to ensure my family remains fiscally solvent enough to ride the pain out. I have no illusion of making money in the PM market, that's not my goal.
     
  9. 427

    427

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    I've been buying older gold and silver jewlry and hording.
     
  10. heliguy

    heliguy

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    Before the election moved $750k in 401k to cash.... Knew if oblowme won the market would tank today....
     
  11. Patchman

    Patchman Florist

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    Rid myself of debt. Cash is king. Shed $Euros$. Purchase Chinese $RMBs$.
     
    Last edited: Nov 7, 2012
  12. syntaxerrorsix

    syntaxerrorsix Anti-Federalist CLM

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    Uh why? If it's an economic collapse why aren't you borrowing as much as you can?

    Afraid they are gonna collect?

    No offense intended and I have a great credit rating because I pay my bills but if your going to spend money and you are really worried about a collapse spend someone elses and keep your own.
     
  13. syntaxerrorsix

    syntaxerrorsix Anti-Federalist CLM

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    Beat me to it.
     
  14. Beretta92guy

    Beretta92guy

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    "oblowme":rofl::rofl:
     
  15. fnfalman

    fnfalman Chicks Dig It

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    I'm marrying rich.
     
  16. 427

    427

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    We aren't in a economic collapse right now, are we? The key word is right now.

    I'll be debt free soon, no more money going toward payments.

    And yes, I pay my bills, just like you.
     
  17. syntaxerrorsix

    syntaxerrorsix Anti-Federalist CLM

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    If you are really concerned about collapse you wouldn't be paying off bills. Afraid your credit rating will drop?
     
  18. syntaxerrorsix

    syntaxerrorsix Anti-Federalist CLM

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  19. geofri

    geofri Poikilotherm™ Lifetime Member

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    Does she have a sister?
     
  20. 427

    427

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    Dude, I want to be debt free. I'm almost there. It's that simple. ¿Comprende?