What Are You Doing To Prepare For The Coming Financial Crisis?

[SaxonJackson]

This thread is for folks who are seriously preparing for the inevitable and quickly approaching mega-recession or depression. I'm truly interested in hearing from the wise folks in the forum and what you believe is the best plan of attack, so to speak.

I'm trying to prepare in as many ways as possible because I don't really know exactly what things are going to look like. I'm 100% debt free which was my starting point and first goal. I invested in a Harvest Right food freeze dryer and have been freeze drying food as much as possible. I bought a second freezer and am filling it with meat as quickly as possible. I'm still buying silver as often as possible even though the price is more than double what it was just a year ago.

I'm still putting money into savings and a 401k but I'm beginning to wonder if that's a wise thing to do. If the markets crash and if the dollar continues losing it's buying power, I may actually be throwing money away. What do you think?

Clayton of Redacted has some important news on the subject:

 

[Hafar1014]

This thread is for folks who are seriously preparing for the inevitable and quickly approaching mega-recession or depression. I'm truly interested in hearing from the wise folks in the forum and what you believe is the best plan of attack, so to speak.

I'm trying to prepare in as many ways as possible because I don't really know exactly what things are going to look like. I'm 100% debt free which was my starting point and first goal. I invested in a Harvest Right food freeze dryer and have been freeze drying food as much as possible. I bought a second freezer and am filling it with meat as quickly as possible. I'm still buying silver as often as possible even though the price is more than double what it was just a year ago.

I'm still putting money into savings and a 401k but I'm beginning to wonder if that's a wise thing to do. If the markets crash and if the dollar continues losing it's buying power, I may actually be throwing money away. What do you think?

Clayton of Redacted has some important news on the subject:

There is no recession coming. A normal correction will occur in the stock market then a fast recovery. You wont lose any money if you dont sell. Or sell ij Jan and buy back on the dip

 

[pknopp]

When the wife and I retired (within 6 months of each other) she was concerned. We went to a financial planner who laid out the plan going forward.

She said "what if things go bad". I mentioned that if things go so bad that we were unable to pay our bills and for the things we need, it would be because the political class had screwed up so badly that any societal agreements were negated and I would have no issues in stealing what we needed.

 

[Hafar1014]

When the wife and I retired (within 6 months of each other) she was concerned. We went to a financial planner who laid out the plan going forward.

She said "what if things go bad". I mentioned that if things go so bad that we were unable to pay our bills and for the things we need, it would be because the political class had screwed up so badly that any societal agreements were negated and I would have no issues in stealing what we needed.

The key is to have no debt

 

[SaxonJackson]

There is no recession coming. A normal correction will occur in the stock market then a fast recovery. You wont lose any money if you dont sell. Or sell ij Jan and buy back on the dip

So you've done nothing to prepare?

 

[pknopp]

The key is to have no debt

Politics are showing us that debt isn't important in paying back.

 

[Gabe Lackmann]

A pension and the retirement homes overseas are paid for.
No property taxes there.
Pension will probably go to shit as the dollar tanks.
I tell you what, though, I give a mean hand job if times get rough enough.
Ain't too proud to work for my bowl of rice.

 

[SaxonJackson]

I've purchased some copper and gold and a decent amount of silver but you can't eat silver (though I've heard that it many have some medicinal value ... hahaha). A few Goldbacks for trade and barter or just for the gold value.

 

[Hafar1014]

So you've done nothing to prepare?

I have diversified investments. I will take my huge profits on Jan 1st. Then after the correction occurs buy back in at a discount. The key is to invest in the right things. AI semiconductors nuclear power and gold/silver. There is no recession coming thanks to the end of renewable energy.

 

[Gabe Lackmann]

I've purchased some copper and gold and a decent amount of silver but you can't eat silver (though I've heard that it many have some medicinal value ... hahaha). A few Goldbacks for trade and barter or just for the gold value.

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Don't be flashin that shit around too much.
Remember when the SHTF, everybody is gonna be lookin for an angle.
Don't make your shit,theirs.

 

[Anathema]

Food, Water, Guns, Ammo and shelter. That’s always been my plan and always will be.

 

[Cellblock2429]

This thread is for folks who are seriously preparing for the inevitable and quickly approaching mega-recession or depression. I'm truly interested in hearing from the wise folks in the forum and what you believe is the best plan of attack, so to speak.

I'm trying to prepare in as many ways as possible because I don't really know exactly what things are going to look like. I'm 100% debt free which was my starting point and first goal. I invested in a Harvest Right food freeze dryer and have been freeze drying food as much as possible. I bought a second freezer and am filling it with meat as quickly as possible. I'm still buying silver as often as possible even though the price is more than double what it was just a year ago.

I'm still putting money into savings and a 401k but I'm beginning to wonder if that's a wise thing to do. If the markets crash and if the dollar continues losing it's buying power, I may actually be throwing money away. What do you think?

Clayton of Redacted has some important news on the subject:

/----/ I'm 74, and you doom-and-gloomers have been around since I was a kid. You're getting hysterical over nothing.