The powers that be pushed it too far. Like the old Soviet Union, it is too big to manage any longer, too much under control for anyone to keep it together. Like the Soviet Union, there will be some pain in the disintegration. Russia is still the Soviet Union, just with less communism, and so USA will just be with more communism. No big deal.
As to gold and silver, if it gets bad they will seize it. They did it before in USA.
Your means of production, your bread baking machine or rolodex, they do not want.
So spend your gold on the means of production, and be self-employed. Your specialization, your division of labor, protects you. Then you can ride out any storm.
You extend credit to your customers. The longer they take to pay in this deflationary cycle, the harder the dollars with which they pay. And never charge interest, for this gives you an advantage over big biz.
Better than gold is accounts receivable, which are worthless to the powers that be, and explicitly only valuable to you. To much work to steal your receivable from you. They will just get you at tax time.
But, taxes are on net, not gross. You spend your net on your lifestyle, and the work is your lifestyle.
The next thirty years are going to be woncerful for small business.
Feel free to forward this by email to three of your friends.
As to gold and silver, if it gets bad they will seize it. They did it before in USA.
Your means of production, your bread baking machine or rolodex, they do not want.
So spend your gold on the means of production, and be self-employed. Your specialization, your division of labor, protects you. Then you can ride out any storm.
You extend credit to your customers. The longer they take to pay in this deflationary cycle, the harder the dollars with which they pay. And never charge interest, for this gives you an advantage over big biz.
Better than gold is accounts receivable, which are worthless to the powers that be, and explicitly only valuable to you. To much work to steal your receivable from you. They will just get you at tax time.
But, taxes are on net, not gross. You spend your net on your lifestyle, and the work is your lifestyle.
The next thirty years are going to be woncerful for small business.
Feel free to forward this by email to three of your friends.
4 comments:
What about foreign currency, swiss francs? Keep it in a safe deposit box or offshore?
Shouldn't one keep some currency for savings?
Sure, your savings will be in the form of accounts receivable, what others owe you, instead of our savings in the bank, which by law the bank does not owe you.
Ladder your donations to KivaZip, etc, so they pay out as you need your savings. I suspect this will not be as risky as "money in the bank" over the next twenty yeas, or more.
1) Accounts Receivable (i.e. lending credit to customers)
2) Stock market
3) Gold/silver
4) Real-estate
If I have one dollar to invest, which of these would I get the best return in the long term. Assuming I live in the US and invest in the US stock market and real estate market.
I don't understand why lending credit to my customers would be the best investment option.
You want me to guess?
OK...
2. Stock market will get hammered, look out below!
3. Gold/silver is a medium of exchange, or a hedge. do you want to not exchange? Hedge?
4. Real estate is in a bubble. look out below.
But you are missing the point on #1... it is not return on investment, is the the creative and unitive act of lending at no interest that makes the world a better place, as opposed to the vicious usury-based world we live in now.
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