Investing in precious metals 101

Best way to take action?

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  • Tue, Jul 14, 2009 - 10:26pm

    #1
    davidhood

    davidhood

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    Best way to take action?

Does anyone have any good ideas on the best way to protest these government bailouts? I’d like to be able to offer up some suggestions to friends.

I for one, have moved all my money out of major banks and into local credit unions. I encourage others to do the same. If there was some way to rally the masses to remove their money from these large corrupt financial institutions they’d almost certainly have go bankrupt.

I don’t think marching in the street is the most effective way to take action.  What can people do? The problems are evident, and many times the solutions are as well, but how does one have an effect on the "system" to bring about change?

Other things we’ve done…

Bought a fuel efficient car (VW).

Reduced our meat consumption by 75%.

Started our own garden.

Thank you for your input,

  • Wed, Jul 15, 2009 - 05:22am

    #2
    Peak Prosperity Admin

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    Re: Best way to take action?

davidhood writes:

Does anyone have any good ideas on the best way to protest these government bailouts? I’d like to be able to offer up some suggestions to friends.

Don’t pay your taxes. 

I don’t think marching in the street is the most effective way to take action.  What can people do? The problems are evident, and many times the solutions are as well, but how does one have an effect on the "system" to bring about change?

These things generally need to reach a critical mass (energy:).  Once they do, get out of the way!  I have a feeling that we are all going to find out what it really means to be an American. 

  • Wed, Jul 15, 2009 - 05:56am

    #3
    Peak Prosperity Admin

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    Re: Best way to take action?

[quote=anarkst]

davidhood writes:

Does anyone have any good ideas on the best way to protest these government bailouts? I’d like to be able to offer up some suggestions to friends.

Don’t pay your taxes.

[/quote]

I have a better idea… first send them IOU’s… then don’t pay them!

  • Wed, Jul 15, 2009 - 01:52pm

    #4
    Peak Prosperity Admin

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    Re: Best way to take action?

Well lets lookee at Gungnir and Plickety’s anti-establishment action plan.

  1. Default mortgage, tell mortgage company they reap what they sow
  2. Liquidate all assets and reinvest in commodities and hard goods for survival.
  3. Move to Alaska, to be off grid without even a real postal address, and lots of wild game wanders through our property (subsistence hunting licenses are real cheap too)
  4. Self Build their own off grid living shelter, with small agriculture plot (under AK homestead rules, "no it’s illegal here Mr. Lehman to repo my truck for a deficiency judgement!") with minimal cash income
  5. Property is unincorporated, with no taxes, or permitting. Add in the AK PDF (permanent Dividend Fund) and we’re actually likely paying less than zero taxes.
  6. Ensure proximity to AK State resources available to residents for cheap resources (Wood lot, $5/year for as much fuel wood as you can cut haul, $10/year community well costs for as much water as you can pump/haul)

So we’re sticking it to the banks, and the Federal government, and only need to worry about state sales taxes.

  • Wed, Jul 15, 2009 - 02:07pm

    #5
    Peak Prosperity Admin

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    Re: Best way to take action?

Gungnir and Plickety, you guys (er a guy and gal) are my heroes.

  • Wed, Jul 15, 2009 - 02:58pm

    #6
    Peak Prosperity Admin

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    Re: Best way to take action?

Thanks Rog it means a lot.

The default was the hardest, but when we thought about it like a business, it was a no brainer. Since we’ve both owned at some point in time our own businesses, then getting into that midset wasn’t too difficult. When I spoke to the lenders (the Heloc was the most persistent) and I explained it in a business way, I have an investment that takes roughly 1/3 of my total company income, and is giving me no return, and if I sold in about the next 5 years it I wouldn’t get back by original investment, then I’d jettison it. I was called untrustworthy, and dishonorable, which I must admit I laughed at the "collector" about that, especially when I turned around and asked what was honorable about laundering C rated CDO tranches into AAA tranches, that they were more than partly responsible for, so they could plunder low risk low yield life savings accounts such as 401k’s Social Security and IRA’s that then collapsed and drained those savings accounts, while their Executive officers made millions on the deals. They were quite quiet after that.

A long time friend of mine is calling me a modern day Jesse James I quite like that analogy.

  • Wed, Jul 15, 2009 - 03:48pm

    #7
    Peak Prosperity Admin

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    Re: Best way to take action?

Well lets lookee at Gungnir and Plickety’s anti-establishment action plan.

I guess there are two approaches to this thing.  Your’s is certainly admirable, and in the spirit of those who tread this land before us, but consider the alternative…stay and fight the good fight.

What many people still fail to comprehend is that the revolution has already taken place.  The oligarchs re-wrote much of the laws that allowed them to do what they have done. Therefore, it’s not what’s illegal that’s the problem, but instead, what is perfectly legal. 

I see it this way.  This is a two stage counter-revolution.  Step one, turn off the money spigot.  Two, show them the door.

  • Wed, Jul 15, 2009 - 03:56pm

    #8
    Peak Prosperity Admin

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    Re: Best way to take action?

Well I’ve stopped the Money Spigot (no more federal taxation on my previous 6 figure salary, I used to pay more taxes a year than the average American annual income).

Stage 2 showing them the door, well, if there’s no money, then maybe we don’t need a door, the system is so messed up and so dependent on continuous cashflow that it’s like an inflatable bouncy castle at a kids birthday party, stop the air flow and the thing collapses in on itself. That’s not to say if you’re a kid bouncing on the castle you’re not going to get hurt, which is why I’m off to play in the neighbors garden for a while after helping to kill the power… I don’t want to get hit by the collapsing inflatable of the federal government which is significantly heavier than the PVC coated Canvas they use on the bouncy castles.

  • Wed, Jul 15, 2009 - 03:58pm

    #9
    Peak Prosperity Admin

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    Re: Best way to take action?

Anarkst,

From what I know about Gunginr, I would expect him to be the first in line to "fight the good fight" when it’s time comes. I don’t think you meant it this way, but he is certainly not running away from anything, and his choices make his life potentially more difficult than if he did stay.

Looks like he has done step 1 better than most (I still have taxes on taxes that I have no say over). From that perspective, I would call him a leader in the good fight!

Cheers,

Rog

  • Wed, Jul 15, 2009 - 04:32pm

    #10
    Peak Prosperity Admin

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    Re: Best way to take action?

Rog,

This is much like the inflation/deflation debate.  Once you see through the illusion, who cares what happens to your money?  There are probably millions of Americans considering what they are going to do if (when) things start to get a little testy.  For many people, the best choice will be to seek greener pastures.  For others, it will be to stay.  I am not judging Gungnir.  He has to do what he feels is best for himself and his family.        

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