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Gold has been used as a medium of exchange for just about all of recorded history.
http://en.wikipedia.org/wiki/Money I would add that it needs to be divisible. You could also rewatch chapter 6 of the Crash Course.
Rice, a share cert or a title doesn’t fit any of the critera for money. For that matter niether does the dollar any more because it is no longer a store of value. With negative real interest rates being the norm with most fiat currencies these days how can any of them be considered money?
Before you say that anyone “saving” has a stake in the financial markets you have to define how a person is saving. I, for instance, have NOTHING invested in any type of savings or retirement account that is part of the system. I do have many other types of investments that are as far from the system as possible and I consider this for my retirement and to pass down to my children. As Dr. Martenson has said many times it is “things” we should be investing in.
The reason they are not hammering down the doors of congress can be found in a recent article by USA Today
Another reason is because of what people have been taught in public schools. They are taught to be sheep. To get along and not to think for themselves. The gov. will take care of you don’t worry. People are not taught how the world really works or how the monetary system works. They are fed a bunch of BS from the MSM and they believe it.
The reason banks will get everything in a defaltionary event is because they hold the notes on all of the debts. Collateral will be taken when a person cannot make the payment because they lost their job. Bank losses will be covered by the FED as they have been since this all started back in 2007. It will be a simple matter to make BK impossible and TPTB will just take everything else that is of value to settle any typeof debt. The will manipulate the law in whatever way they see fit, just as they have done recently( although this is not new it is just more pronounced lately).
As for your last paragraph I agree completely. There will be consequences of the most drastic sort. Food and energy prices will skyrocket. Wages will not even begin to keep up with inflation (created by the FED to bail out an insolvent Gov.and financial system) People will starve, lose their jobs, crime will increase exponentailly, and civil unrest will spill into the streets nation wide as people start banging on congress’s door. But it will be to late, its too late now.
I agree with much of what you have said however I come to very different conclussions.
Long term store some food we just picked up.
Reload 100 .338 Lapua bullets I just finished a powder ladder for.
Two hours of Kajukenbo training on Sat. and Sun.
Half a day at the range with my eight year old daughter. The other half packing for my wilderness EMT class in Moab next week.
Watch the movie Rio with the family.
Finish planting our corn. We already have everything else in the ground or started.
I think you will find that the prepper weekend is not anywhere near the same as the average american or mabye I should use.
P.S. Hope that the price of silver will drop like a rock on Monday morning so I can load up some more!
He does not really define how a dollar will crash, except against gold
Thats the point!! Gold IS money, not the useless FRN’s.
It is certainly true that equities, commodities and many currencies have been gaining against the greenback but it has not been a crash.
The greenback has not been around since the assination of Lincolin and the end of a U.S. Gov. issued currency. If we sitll had the greenback we wouldn’t be in massive debt to the banksters.
The gist of the Prechter argument is that financial markets are not subject to the economic paradigm whereby increasing price of goods stimulates production forcing prices to drop until an equilibrium is found. This is because people more or less know what they want to pay for a product and will find a cheaper alternative or forego consumption.
The “People” are no longer involved in the financial markets and couldn’t care less. How are they going to forego gas, food and heat which is taking an ever larger percentage of their income EVERY DAY?
Debt will have to be written off and that is why we will have to deflate. It is better to simply get on with the deflation rather than have a hyperinflation followed by a deflation
What debt do think will be written off? Who is going to take the haircut? What will happen to interest rates when you start to wirte off (read default) the existing debt? Then how will we service the interest alone. If you deflate the money supply you only hurt the average family because they will not have a job to pay their bills and then the banks will foreclose on the collateral.
“If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.” Thomas Jefferson
This is exactly what was done in 1913 with the creation of the Federal Reserve. You are advocating deflating the money supply and letting the banks take everything.
I think you should really consider what the consequence’s of your proposals would be.
IMO there is no saving the system, we are at the end game. The dollar will collapse along with most of the worlds economy’s. Gold and Silver will hold their true value and all the fiat paper will burn.
IMO now is not the time to learn the ropes. All of the markets are rigged and there are no ropes anymore, there are no boundries or rules. Local investment or PM’s is the best way to go. I pulled EVERYTHING out the markets 4 years ago and have done very well investing in several small local business’s and PM’s.
Also, I personaly don’t think 6 months of prep is enough. If you had to get into your preps in May or June you would run out of food right at the begining of winter.
Its true that cleaning a numismatic coin will cause it to lose value (a lot of value!). However if we are talking about 90% silver (junk) the value is all in the weight and cleaning will not cause it to lose weight. Handling will not cause any damage but it will, over the really long term, cause the coin to wear down and reduce the weight. If you take a stack of junk silver (using the same type of coin) and place it next to another stack they will almost always stack to a different height, quarters and dimes are really bad. This is from being in circulation and worn down. This does not affect the trade value in my experience. When you buy junk silver it usualy comes in bags and no one weighs them out one by one. I do not play with any of my one once coins(silver eagles, maple leaf’s, rounds etc.) I would not clean them either. If they show any toning just leave it. Basicly play with the 90% all you want and try to handle the others as little as possible ( as hard as that may be)
RN Carl said
I guess where I am coming from is that to be able to use all of the items listed in the “every day” first aid kit, my experience has shown that, unless you go looking to use it, in every day life, little is needed in the way of “things” to deliver first aid. What is needed however, is a big dose of education and training.
I couldn’t agree more! Having a bunch of gear without the knowledge to use it is not the best scenario ( I still think having as many medical supplies as possible is still a great idea, you may run into someone that has the knowledge but not the equipment). I would also rather take a chance at saving a loved one than the alternative.
Wilderness Medical Associates offers many types of classes for all levels.
My options are to spend $150 now and never use the kit or to be unprepared and to have to rely on someone else to save myself and my family. You are absolutely correct that most of this gear (I hope) will never be used. I also hope that our country and way of life will continue, that energy will flow uninterrupted, that food will always be easily available, and that medical care will always be available within minutes. However, I refuse to rely only on someone else to save me. One of my biggest takes from this website is to be prepared! It is my responsibility to look after and take care of my own family and I take that very seriously in every aspect that is under my control. I could go into scenario’s where this gear would be necessary but all you need to do is remember that the next 20 years are going to be very different than the last 20.
Thanks for the take on the bacitracin, I will definately look into that.
The skin stapler is in there because I put this kit in my back county and hunting packs when I go out. Sometimes I am a 5 day hike from anywhere.
I should have clairified the “needles”. The needles I have are more like sewing type needles for removing splinters etc.
You are absolutely correct about how far a person should go when attempting first aid. If medical help is nearby stabilize as best you can and seek professional help ASAP.
I have found KIO3 tabs here
The bottle comes with 60 tabs. Recommended dosage is 1 tab per day for 3-14 days depending on situation Children under 12 1/2 tab per day