Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Non-Cattle Specific Topics
Coffee Shop
Any Thoughts
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="Jogeephus" data-source="post: 1537650" data-attributes="member: 4362"><p>Interesting question. I think I'd be in pretty good shape since my wife would be content to only eat chicken and rice anyway I and I probably have two years of food put aside with electricity but only one year without. If things were bad enough I'd sell or let the government take some of my land since they have land overpriced for taxes and lending collateral anyway and its all a house of cards. Just a big ponzi scheme. </p><p></p><p>I believe in diversification and do have cash and precious metals tucked away. I don't think precious metals will be that useful in a depressed economy that still uses our currency but it would be extremely useful if this currency is replaced by another. I believe if things got really bad your ability to barter would be of utmost importance. I'd think American necessities like beer, wine and whiskey ....and now pot ... would be valuable forms of currency.... and to a lesser extent ....food.</p><p></p><p>I also don't think a new depression will be as peaceful as the last as I believe it will be utter anarchy with lots of violence since most citizens being so far removed from food production and so many having the entitlement mindset. With most towns only have a three day supply of food I believe it will get bad and fast. I saw this recently with hurricane Michael coming our way and how people who just a few days earlier guzzled Fanta Orange like it was going out of style fighting over the last case of water at the grocery store when our water supply was still up and running and our wells flowing. It was hilarious but at the same time a little scary.</p><p></p><p>I'd like to think I'd be alert enough to cash out my retirement accounts and replace it with some form of precious metals but I'm afraid the reality of it is all this would be lost and I'll have to start from scratch again. This would suck but at least I will have more experience at climbing sand dune than I did the first go round.</p></blockquote><p></p>
[QUOTE="Jogeephus, post: 1537650, member: 4362"] Interesting question. I think I'd be in pretty good shape since my wife would be content to only eat chicken and rice anyway I and I probably have two years of food put aside with electricity but only one year without. If things were bad enough I'd sell or let the government take some of my land since they have land overpriced for taxes and lending collateral anyway and its all a house of cards. Just a big ponzi scheme. I believe in diversification and do have cash and precious metals tucked away. I don't think precious metals will be that useful in a depressed economy that still uses our currency but it would be extremely useful if this currency is replaced by another. I believe if things got really bad your ability to barter would be of utmost importance. I'd think American necessities like beer, wine and whiskey ....and now pot ... would be valuable forms of currency.... and to a lesser extent ....food. I also don't think a new depression will be as peaceful as the last as I believe it will be utter anarchy with lots of violence since most citizens being so far removed from food production and so many having the entitlement mindset. With most towns only have a three day supply of food I believe it will get bad and fast. I saw this recently with hurricane Michael coming our way and how people who just a few days earlier guzzled Fanta Orange like it was going out of style fighting over the last case of water at the grocery store when our water supply was still up and running and our wells flowing. It was hilarious but at the same time a little scary. I'd like to think I'd be alert enough to cash out my retirement accounts and replace it with some form of precious metals but I'm afraid the reality of it is all this would be lost and I'll have to start from scratch again. This would suck but at least I will have more experience at climbing sand dune than I did the first go round. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Non-Cattle Specific Topics
Coffee Shop
Any Thoughts
Top