For a person on the leading edge of Baby Boomer, the question is "Do I take the early money I don't need and buy tangibles or wait and get the slightly higher payment for the rest of my life?".
Accountants predict the future based on the past or on a "reasonable" estimate that there might be some modest price inflation in the next 20 years, and that a healthy 63 year old person will likely live at least as long as their parents/grandparents. No prediction of money payments can conventionally take into account the fall of nations, so the accountant is going to tell a person in good health who doesn't really "need" the money to wait and keep working a few more years.
Of course, if a person is reasonably convinced that some kind of SHTF situation fast/slow, economic/oil-shock, etc is inevitable and imminent, will take every dollar as soon as possible and buy tangible goods, while divesting of entertainment expenses like an apartment in the city, boat/moorage, eating out, cable TV, sporty cars with payments, needy GF's, cigarettes, drug addiction, pay-porn, etc.
If the dollar does become junk, a trunk full of G17 pistols NIB (or with some police holster wear surplus) bought every 2 weeks with SSI money that has value now will trade for at very least the value they represent at the time of purchase. I wouldn't be surprised if a G17/19/26 pistol/holster/mags/ammo kit eventually trades for 2 gold American Eagles or $200 face value in pre-1965 US quarters and dimes. A little more for a Desert Eagle, and less for Nagant revolver. How about NIJ L2 and L3 protective vests in various sizes? PASGT helmets? Police and mil-surp is cheap-ish now, but won't be when bullets fly. Price in USG "paper dollar" script? NFS.
Priorities must be written out and pursued in parallel with tradeoffs and options considered.
How secure is "home"? Is moving to a better/safer place possible? Are long-term supplies of water secure? Without water, nothing else is good.
There are books and websites/forums considering "the move", and each US Gov. check is closer to the end of real value arriving in the mailbox or Direct Deposit, so act/decide now. Doing nothing is an action with consequences every bit as serious as moving to the outskirts of a rural farming community on the Western side of the Mississippi River.
Golden hordes won't be all 30M Californians, but what if it was only a half-million? That's a lot of people to deal with for a City like Portland who can't find a solution to the "problem" of 2000 (estimated) homeless (men) who sleep/camp outside every night.
You get what you pay for, and we provide wonderful support services for people who decide to be without funds (but drunk and smoking, wearing premium wilderness gear) while living outside. No wonder that living outside/in-car/rv is seen as a reasonable alternative to paying 80% of income in rent. Portland is getting what it pays for, for sure.
Go and read.
Those that don't have their wealth tied to tangibles (like gold and brass and lead) are going to suffer the worst.
ReplyDeleteFor a person on the leading edge of Baby Boomer, the question is "Do I take the early money I don't need and buy tangibles or wait and get the slightly higher payment for the rest of my life?".
ReplyDeleteAccountants predict the future based on the past or on a "reasonable" estimate that there might be some modest price inflation in the next 20 years, and that a healthy 63 year old person will likely live at least as long as their parents/grandparents. No prediction of money payments can conventionally take into account the fall of nations, so the accountant is going to tell a person in good health who doesn't really "need" the money to wait and keep working a few more years.
Of course, if a person is reasonably convinced that some kind of SHTF situation fast/slow, economic/oil-shock, etc is inevitable and imminent, will take every dollar as soon as possible and buy tangible goods, while divesting of entertainment expenses like an apartment in the city, boat/moorage, eating out, cable TV, sporty cars with payments, needy GF's, cigarettes, drug addiction, pay-porn, etc.
If the dollar does become junk, a trunk full of G17 pistols NIB (or with some police holster wear surplus) bought every 2 weeks with SSI money that has value now will trade for at very least the value they represent at the time of purchase. I wouldn't be surprised if a G17/19/26 pistol/holster/mags/ammo kit eventually trades for 2 gold American Eagles or $200 face value in pre-1965 US quarters and dimes. A little more for a Desert Eagle, and less for Nagant revolver. How about NIJ L2 and L3 protective vests in various sizes? PASGT helmets? Police and mil-surp is cheap-ish now, but won't be when bullets fly. Price in USG "paper dollar" script? NFS.
Priorities must be written out and pursued in parallel with tradeoffs and options considered.
How secure is "home"? Is moving to a better/safer place possible? Are long-term supplies of water secure? Without water, nothing else is good.
There are books and websites/forums considering "the move", and each US Gov. check is closer to the end of real value arriving in the mailbox or Direct Deposit, so act/decide now. Doing nothing is an action with consequences every bit as serious as moving to the outskirts of a rural farming community on the Western side of the Mississippi River.
Golden hordes won't be all 30M Californians, but what if it was only a half-million? That's a lot of people to deal with for a City like Portland who can't find a solution to the "problem" of 2000 (estimated) homeless (men) who sleep/camp outside every night.
You get what you pay for, and we provide wonderful support services for people who decide to be without funds (but drunk and smoking, wearing premium wilderness gear) while living outside. No wonder that living outside/in-car/rv is seen as a reasonable alternative to paying 80% of income in rent. Portland is getting what it pays for, for sure.
Cheers.
"Talkin' 'bout my generation,
ReplyDeleteHope I die before I get old, . . "
B Woodman
III-per
The Social Security "system" (read fraud) was destined to fail it was and is a ponzi scheme.
ReplyDeleteA pyramid scam of the first order, the only thing that kept it from the real of the illegal was the fact that government was "doing the screwing".
Prepare for what is about to happen.