Okay Hear me out here...

[chris]

I have decided to only use my bank for things that I need to purchase with credit card, i'm going to withdraw most of my earnings and put them in a safe place.

This will be helpful in the initial run on the banks which is only a matter of time...I admit it's by no means perfect.

Then I started thinking about how the euro is going to replace the pound and perhaps the best thing to do is to save my cash in euro's (those that I know I will not spend)...That way I've got cash backed up by a little gold. I'll also be able to use it when they resurrect britian into the euro...

I know gold would be the better option and I should look into that but it also has disadvantages...

Is this just crazy ravings? Or are euro's a real avenue?

[Anders Lindman]

My strategy is to have only a buffer of money for the near future, so if there is a run on the bank, it is not so problematic. I will instead try to rely on a continuous income of money rather than savings. So if there will be hyperinflation then my income will also increase, but my savings will not.

I think that relying on saved money too much and for too far into the future causes insecurity more than security. Saved money is not the problem. It's the dependency on saved money for security that is the problem. It's a false kind of security.

[chris]

Yeah but I'm hoping to do your stratergy as well but also have a little saved up also...You also need to get in a safe job for that. Probably a government job or a train driver or something...Something that the country will need.

[Anders Lindman]

Yeah but I'm hoping to do your stratergy as well but also have a little saved up also...You also need to get in a safe job for that. Probably a government job or a train driver or something...Something that the country will need.

Yes, and to be willing to take all kinds of jobs, because having one job lasting a long time may not be possible. Or create some business or company oneself, but that can require a lot of effort and/or skill.

[Anders Lindman]

Or, some people may WANT to rely on a safe amount of savings, and then I think they should have the possibility to do so. And then a stable economy is needed. With a stable economy saving money for far into the future is possible. And as they said in the video Money as Debt, the current monetary system creates an exponentially growing debt, and that is, as they said, not stable at all.

[Anders Lindman]

Gold could possibly work for long-term savings. Gold has held its value for thousands of years. BUT, I think evolution is exponential and it is speeding up very quickly at the moment. What happens if some physicists create a technique for artificially smashing atoms into gold? And in a very cheap way. :eek: And also, does gold have an industrial value matching its price? It probably does, but that is also something to look into.

[dondaz]

a government job

:eek::eek::eek:

As long as you help change the system from within:rolleyes:

[cruise4]

I'm basing my strategy on the possibility that everything will crash. So what do I need if there's nothing left. Water Filter that can treat Rainfall and River water, Seed Bank, Multi Power Source radio, Solar+ Charger, Plenty of Fruit and wood growing in my Garden, Bio protection, radiation protection, Alternative treatments etc. Hammock and Flysheet... this means I'm also ready for a quick get away. Items suitable for barter would be handy. These could be quite small and cheap things such as lighters.

I may buy a boat.

Look at all those people just hit by floods... few were ready and if that happens for a longer period they would soon sucumb to anarchy... but there again they did buy houses in flood plains. Never buy houses built on Sand either!

Zimbabwe shows how money becomes rapidly useless in real catastrophic conditions.

Be nice to be preparing as a community somewhere on our own wooded land.

[chris]

Thanks for your replys but I am asking specifically what to do with the remaining money...Not the stuff I am buying supplies with and not that stuff that I will be earning, the stuff that is left over.

Euro's have an advantage over gold as I will have legal tender after the event. Gold can be dangerous to have. Although I will buy some gold I am just weighing up the case for euro's...

[Anders Lindman]

Thanks for your replys but I am asking specifically what to do with the remaining money...Not the stuff I am buying supplies with and not that stuff that I will be earning, the stuff that is left over.

Euro's have an advantage over gold as I will have legal tender after the event. Gold can be dangerous to have. Although I will buy some gold I am just weighing up the case for euro's...

You can spread your investments, and that should reduce the risk. For example, buy gold, and Euro, and Yen, and food that be stored for a long time and so on, and save some of the money in your own country's currency. It should even be possible to make some mathematical formula that can be used to minimize the risk, but I'm not sure exactly how that formula would look. Several parameters have to be estimated, which could be a bit messy.

[chris]

Yeah Anders, sounds good. Although I think I'll stick to gold Stirling and euro...Especially since Britain will be resuscitated into the euro. The euro is the currency backed up by the most gold.

[Anders Lindman]

Yeah Anders, sounds good. Although I think I'll stick to gold Stirling and euro...Especially since Britain will be resuscitated into the euro. The euro is the currency backed up by the most gold.

But you could also have some USD, in case it will rise rapidly.

[william_mac]

They're trying to do a "North American Union" here, which will combine Canada, U.S, and Mexico. The new money system would be called an "Amero".

I've begun investing in gold. I don't use credit cards. I'm a freelance writer/illustrator so I get paid mainly through non-taxable formats such as PayPal, or direct cash or check. Fuck income tax, it's unconstitutional, and was the ENTIRE reason for the Revolutionary War.

Anyway. I"m scarred. I mean, I'm really scarred. I do not want a North American Union, I don't want ANY fucking union. I want the good ol' United States. If this happened, then the constitution (whatever respect it does command) will be rendered completely useless. The U.S will cease to be.

What's next? You know it, fucking world union. Woo Hoo.

I'm seriously considering heading down to Costa Rica and wasting away in a hammoch while snorting good coke with my neighbors and downing Rum cannonballs. Meet some nice girls, go fishing, and hopefully I'll be dead by the time the rest of the world's fuck ups reach me on the clear blue coast.



-William-Mac.com

[friendsinthesky]

..speaking about gold chris. If everyone who has invested in gold decided they wanted actual gold instead of a piece of paper, do you think there is enough gold to do this?

[tinmenace]

Zimbabwe shows how money becomes rapidly useless in real catastrophic conditions.



Iraq too. I remember almost immediately after the invasion, bundled piles of Iraqi bills on a street corner...rendered useless.

For complete control, all they have to do is change the currency so that even your stashed cash is worthless.

[chris]

..speaking about gold chris. If everyone who has invested in gold decided they wanted actual gold instead of a piece of paper, do you think there is enough gold to do this?

No but they will confiscate it (steal) it before everyone can redeem it. I would not leave it in a vault or bank, I would keep it safely where I can preside over it.

[chris]

Iraq too. I remember almost immediately after the invasion, bundled piles of Iraqi bills on a street corner...rendered useless.

For complete control, all they have to do is change the currency so that even your stashed cash is worthless.

But that's the said currency of that country...Other currencies might be hit but maybe not as hard, which is why I am weighing up the case for the euro as it's going to be what the stirling will be revived into.