I am of the opinion one must have a complete system with respect to safety of self and loved ones in addition to one's personal finance.Originally Posted by Axe
1. One's home should be engineered like a fort.
2. One should have their own tools, resources, fuel, energy, weapons, etc.
3. One's home should be free of all liens.
4. One's self should be free of all claims of debt.
5. One's privacy strategy should be strong.
The most important value in a time of crisis is survivability.
Right on point. Those five steps together form your basic fundamental launching pad, if you will.
If you are going to "mess with" the monetary system, and history is chocked full of examples, you will see the "beast" raise it's ugly head. Control of the monetary system is the power !! Without control of the monetary system very few of the other control measures would have any effect what so ever. Those that have control of the monetary system know it's importance. IMHO, they will also defend that power by any means necessary.
Yes, commerce is a voracious beast, hence why it is best to engage in such a tempestuous sea "at arm's length".
Same "arm's length" should be extended to society and government as well.
There is NO SAFETY to be had in commerce.
Last edited by shikamaru; 04-05-11 at 05:04 PM.
From the video:
"Most Americans don't know that some states in the Mid-West are already using "alternative currencies"...
An NBC News affiliate in Michigan reports that
"new types of money are popping up across Mid-Michigan and supporters say, it's not counterfeit, but rather a competing currency. Right now, for example, you can buy a meal or visit a chiropractor without using actual U.S. legal tender."
What most Americans don't realize is that this is all totally legal.
The U.S. Treasury Dept web site says that, according to Coinage Act of 1965: "There is... no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services."
I saw one report that says there are now 150 of these alternative local U.S. currencies being accepted around the country!
USA Today reports that the largest of these local currencies is a currency called "Berkshares," which are being used in the Berkshires region of western Massachusetts.
According to the paper:
"Since its start in 2006, the system, the largest of its kind in the country, has circulated $2.3 million worth of BerkShares." And even in places that do not yet have local currencies, store owners may now actually prefer foreign currencies rather than U.S. dollars...
In Washington, DC, just 25 miles from my office, some stores have begun accepting euros. Of course, the euro isn't much more stable than the dollar right now. But my point is that most people don't understand there is NO FEDERAL REQUIREMENT in the United States for a private store to accept dollars for non-debt transactions.
You see, no matter what the government decides, stores and businesses will accept whatever they believe is a strong currency.
As Texas Representative Ron Paul wrote recently:
"If you walk into a 7-11 to buy a soda, the clerk doesn't have to accept your dollars, he could demand euros, silver, or copper. But because legal tender laws backing the dollar have caused the dollar to drive other currencies out of circulation, [right now] it is easier for stores to accept dollars."
Well, all that is quickly changing...
Many places in Texas now accept Mexican pesos for payment. "Euros Accepted" signs are popping up in of all places: Manhattan. And not only Manhattan, but in New York's favorite summer playground... the Hamptons.
There, an art gallery assistant was quoted by The Real Deal: "I wouldn't want to discourage a sale in any way because of a currency issue."
And it's not just small stores that are accepting other methods of payment besides U.S. dollars.
The Chicago mercantile exchange the world's largest futures and commodities exchange board), now accepts gold to settle futures contracts. Until recently, the exchange typically accepted only U.S. treasuries and bonds as payment.
These guys obviously see the writing on the wall.
This would have all been completely unthinkable 10 years ago, but today it's a reality. And this trend is going to keep moving incredibly fast.
That is why...
The smartest investors are taking action...
Bill Gross, who probably knows as much about currencies and debt as anyone in the world, runs the world's biggest bond fund. He was quoted by Bloomberg:
"We've told all of our clients that if you only had one idea, one investment, it would be to buy an investment in a non-dollar currency. That should be on top of the list."
Jim Rogers, one of the world's most successful multi-millionaire investors writes:
"The dollar is not just in decline; it's a mess. If something isn't done soon, I believe the dollar could lose its status as the world's reserve currency and medium of exchange, something that would lead to a huge decline in the standard of living for U.S. citizens like nothing we've seen in nearly a century."
I know... you probably still don't believe it can happen here in the United States. But think about it...
Are we as Americans really immune to the laws of economics and finance?
I don't think so.
And every circumstance I know of, in which a government has tried to inflate its debts away, has ended in disaster. It will happen here too.
As Jim Rogers says:
"History teaches us that such imprudent monetary and fiscal behavior has always led to economic disaster."
This is why World Bank president, Robert B. Zoellick, in a speech at the School for Advanced International Studies at Johns Hopkins University, recently said: "The United States would be mistaken to take for granted the dollar's place as the world's predominant reserve currency. Looking forward, there will increasingly be other options to the dollar."
And this is why the International Monetary Fund (IMF) recently called for a new global currency.
This is why big U.S. companies like McDonald's and Caterpillar have begun introducing what are called "dim-sum bonds." These are securities denominated in the Chinese currency (the renminbi) by non-Chinese borrowers.
In other words, two of the biggest and most successful corporations in America realized they would have an easier time raising money by offering their bonds in a currency other than the U.S. dollar!"
I'd be weary of all currencies.
Save fiat money currencies for public business. Private business can be done in gold and silver coin.
Thank you for contributing to this thread!
Here's the 4 Strategies he won't tell you in the video:
1: Open a Foreign Bank Account (under $10,000),
2: Buy a Little Bit of Land (overseas)
3: Create a Trust to Protect and Build Wealth offshore
4: Gold in the Bank, keeping bullion in a private and secure place overseas
Plus: The World’s Most Valuable Asset in a Time of Crisis: Farmland.
These are his opinion. What do the readers here think of it?
1. I like that idea
2. Not sure if I agree with this one. Ownership of land just subjects the owner to taxation. I would do this if I intended to use the land. I would rather focus my efforts on perfecting the tenure of property here in the States.
3. I like this idea too. This is a great idea, but only for business on the public side.
4. This is a horrible idea. If you don't have gold or silver coins in your grubby little hands, you don't have gold and silver. NEVER use some third party to store your gold and silver.
Farmland is always valuable
1. check
2. check
3. working on that one.
4. gold and silver in hand, check
Farm land check.
Building a community of people to work with.
a. 16 acres in hawaii with a growing community of like minded people raising crops and farm animals.
b. 2 1/1 acres in Thailand, starting a community for those interested (contact me), in the heart of 100s of acres of farmland. fish farm up and running. Fruit trees planted and so far a small garden.
One thing I would add is a way to create your own power and a library of how to. fB
In consideration of land, new forestry ideas abound, one of the best I have seen lately is that of the Paulownia Tree. Much attention has been focused on the selective breeding of fast growing softwood (evergreen) trees. Traditionally, soft woods such as Douglas fir, Hemlock and Pinus have been used in housing construction. These trees have a growth cycle of well over 70 to 80 years. The fastest growing species in the softwood category is the Radiata pine, grown mostly in South America. In Chile, substantial investments have been made in Radiata pine, which has a growth cycle of approximately 25-30 years. To date there are a number of commercial tree farms in South America growing Radiata pine.
In the hard wood category, Eucalyptus, Cottonwood and Poplar have been considered as feedstock and for pulp mills. These trees have relatively fast growth - in the range of 10-15 years, for use in the pulp industry. However, the timber qualities such as: grain pattern, strength, drying characteristics, has made these species unsuitable for use as lumber.
In addition to the competitive challenges other "fast grown" trees may represent in the future, Paulownia Tree faces little competition in today’s market place except from traditional hardwoods such as Oak, Maple, Poplar, Ash or Beech, and all take much longer to grow to maturity. In the United States, for example, few hardwood users have been exposed to Paulownia tree because in the past the scarcity of a readily available supply has prevented them from considering it as an economically viable alternative. However, given dependable and consistent source of supply and subsequent decrease in price, hardwood users will find to be very competitive in the hardwood applications such as window moldings, doors and furniture. No other hardwood offers the combination of lightweight and strength and durability that Paulownia tree does.
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