How to Beat Inflation This is not a big read but its an important one. In today’s world we think the larger the text the more important it is for us to read. We think the more important it is and the more impressive it is to read a larger text. This article is such …
A Mystery Investor Has Made A 262 Million Dollar Bet That The Stock Market Will Crash By October While no one in their right mind would dare set a date for the collapse, as we have seen that fail time and time again, there are watchers out there. I would gladly refer to this author …
6 Money Mistakes that Decrease Preppers Survivability Managing money is a tough enough task when you aren’t dealing with thoughts of the end times. Just paying bills and not eating out too much can be a practice in sheer willpower. Not to mention we are working harder to make money these days. Most people are …
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The Cash Stash for a Prepper’s EDC: Keychain, Wallet, or Hidden? Preppers know the importance of having cash on you at all times as part of your EDC. But what is the best way to carry it? Maybe you haven’t given it a thought and keep your extra cash tucked in your wallet. They make …
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Useful Strategies To Pay Down Debt Life is already hard for us preppers without having to deal with debt. If you add it up to our daily struggles, it can be something incredibly difficult to manage. Most survivalists are considered hoarders by the general public, all because they keep buying more supplies than the average …
How Prepping Can Actually Make You Money The act of prepping is one that offers several benefits. The first of all being that we can better our chance of survival. The truth is there are some serious financial benefits that can come from being well prepared. Making moves towards self-reliance and independence. Some of the …
10 Ways To Save Money Raising Chicken Of the many benefits that come along with raising chickens, there are a number that can actually effect your wallet. Chickens cost you feed, bedding and the occasional meds for keeping your flock as well as other rare costs. For the most part they are such a giving …
Debt Based System Running out of Steam I always love the opportunity to dig into the mind of an expert on the economy. Even better when you have access to someone who can speak ENGLISH on the subject of the economy. Some economists are working with an entirely different glossary of terms. It sounds like …
Why You Should Include Cash in Your EDC The amount cash that is being saved by Americans is terrifying. We are a plastic society. More than half of all Americans do not have access to enough cash to survive for two months. This is a real problem! ATMs only give out 300 per day …
Cash? Gold? Silver? Bitcoins? Everything we do in life involves money, being in the preparedness community, the question now is what kind of money. That probably makes no sense but im sorry to say my friends… the world is changing whether we like it or not. You have to adapt in order to survive and …
How to Survive a Stock Market Crash from All Time Highs The stock market is at all time highs. Usually when it crashes, it’s from the highest heights. Black Tuesday (1929), Black Monday (1987), the dot-com bubble (2000), the Credit Crisis and Great Recession (2008) all came from market highs… and it’s been a bull market …
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How to Survive a Stock Market Crash CNN said that the stock market has hit the lowest 4-day numbers since…well, ever. George Soros has warned that this is big – a crash to rival the one in 2008. Doomsdayers have been warning of an impending collapse for quite some time. The Chinese market has closed …
Check Your Change And Piggy Bank Right Now! You Could Be Sitting On A Small Fortune You may want to search the couch cushions and empty your pockets! Spare change is often overlooked, forgotten in the bottom of your purse or thrown on top of the bedroom dresser. However, according to various sources, these eight …
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How To Make A Living While Living Off The Grid Living off grid evokes memories of a humbler time, when we took care of ourselves using the resources found in our immediate surroundings. Taking the leap required to live either entirely or even partially off grid requires a significant amount of planning. Before packing your …
Financial Self-Sufficiency: 5 Lessons from a Digital Nomad The economy has been pretty messed up now for several years, and all indications are that it’s not going to get better any time soon – and may even turn worse: much worse. If you’re like most preppers, you probably spend a lot of time learning how to …
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When talking about how to fix the U.S. economy, most discussions center around some specific segment of the economy, and how if it were fixed, then the economy would improve.
Lately discussions have centered around real estate, the jobs market, the deficit, and other things.
Americans believe that if the real estate market improved… or if there were just more jobs… or if the deficit was reduced… then the economy would start humming along again.
But all of these things are really just side shows that draw attention away from the main act, which is our money and banking system.
Our money and banking system is built entirely on fraud and deception. The Federal Reserve is a private bank owned by a group of anonymous private bankers. Their wealth has come by deceiving Americans into allowing the Fed to “print” money and lend it to the U.S. government.
Never mind that the Constitution only allows Congress to create money. They outsourced that responsibility to the Fed back in 1913.
Worse, the Fed does not create money; they create debt notes called dollars. These dollars are loaned to the U.S. government at interest. Of course, the U.S. government cannot repay the debt without borrowing yet more from the Fed.
The Fed does nothing to create these debt notes. They are journal entries. They can be created with a few clicks of a keyboard. Their remuneration — the interest they charge on the “money” they’ve created — is nothing but legalized theft.
The Congress should immediately take back the right to create money and consign the Fed to the relic bin of failed central banks. And the new money issued by Congress should be REAL money — i.e., not debt notes. Real money does not have to be repaid with interest.
Just four years ago, the tiny nation of Iceland went bankrupt. It hit so hard and fast that few people saw it coming. It was feared that Iceland’s economic recovery would take decades.
But such was not the case. Today, Iceland is doing quite well, much better than anybody dared to expect or believe. You won’t hear much about this on the mainstream news because Iceland’s “economic cure” was to simply let the banks fail.
And they didn’t stop there. Stephen Jones writes: “They allowed the banks to go bankrupt, arrested bankers and politicians for fraud, and refused the austerity programs demanded by the IMF.”
At the recent World Economic Forum in Davos, Icelandic president Olafur Ragnar Grimsson shares what they did following the bankruptcy and what’s happened since…
During the brief interview, Grimsson says they didn’t follow the “traditional prevailing orthodoxies of the Western world in the last 30 years.” He then asks, “Why do they consider the banks to be the holy churches of the modern economy? Why are private banks not like airlines [and] telecommunication companies [that are] allowed to go bankrupt if they have acted in an irresponsible way?”
The solution to U.S. economic woes is simple: get rid of the Federal Reserve, allow irresponsible banks to go bankrupt, and let the Congress start issuing real money.
Don’t be scared. Be prepared.
P.S. Gold and silver are real money. Until such time as the Federal Reserve is decommissioned, it would be smart to start investing in gold and silver. One easy way to do that is through Silver Saver. Check it out.
In the 21st Century, paper money is the currency of the age. Everything that can be bought is priced in dollars or pounds or marks or whatever your country calls your paper money.
You can hardly survive without paper money. It is used to pay for everything, from the roof over your head to the clothes on your back, from the car you drive to work to the food on your table.
Yet there was a time when money was the exception and not the rule. People traded more often than they bought things with money.
I’m reading The Autobiography of Mark Twain right now, and I found this brief passage relevant. He’s relating a story of the time he worked as a printer’s apprentice at the Hannibal Courier. The local church had raised $16 to pay for the printing of a sermon. Twain says:
It was a sixteen-page duodecimo pamphlet and it was a great event in our office. As we regarded it, it was a book, and it promoted us to the dignity of book printers. Moreover, no such mass of actual money as sixteen dollars, in one bunch, had ever entered that office on any previous occasion. People didn’t pay for their paper and for their advertising in money; they paid in dry-goods, sugar, coffee, hickory wood, oak wood, turnips, pumpkins, onions, watermelons — and it was very seldom indeed that a man paid in money, and when that happened we thought there was something the matter with him.
In Hannibal, Missouri, during the latter half of the 1800s, it seems they had a hybrid economy. It was partially based on barter and partially on payment with money.
It seems money went a lot further back then, so people tended to respect it and hold onto it better than we do in the 21st Century.
What would it look like if we adopted a similar lifestyle today?
I suppose it would be much harder given that most of us do not produce crops or harvest lumber or mine metal. And most of us would have no idea how to “price” two different things in a trade. We are so used to pricing in dollars that we don’t know how to value a thing outside of that unit of measure.
Still, it is something to think about.
When you barter, you avoid many hidden costs. For example, you avoid the price of overhead that’s built into a product sold through a retail store. And you avoid taxes: the income tax on the money you earned and the sales tax on the money you spent.
Governments actually want people to pay for everything with paper money. More to the point, they want everybody to pay with electronic money (debit cards, credit cards, etc) so they can trace (and tax!) every penny you earn or spend.
It’s no mystery why the FBI says paying for a coffee with cash is a potential terrorist activity. Cash transactions are harder to keep track of, and therefore harder to tax. So they are scaring consumers away from cash.
But cash transactions and barter are two ways you can preserve your wealth and keep a little more in your pocket.
Although it’s not a bartering site, Freecycle.org is an interesting concept. In their own words:
The Freecycle Network™ is made up of 5,084 groups with 9,324,998 members around the world. It’s a grassroots and entirely nonprofit movement of people who are giving (and getting) stuff for free in their own towns. It’s all about reuse and keeping good stuff out of landfills. Each local group is moderated by local volunteers (them’s good people). Membership is free.
The idea is to give away still-useful items that you’re not using anymore. But instead of giving your items away to a charity, you give them away directly to people in your own local community. It is still a form of charity, but more direct than going through a traditional non-profit charity.
You also benefit when somebody else is giving away an item you need.
So it’s not bartering, per se, but it can have that effect. You give somebody something they need and you eventually get something you need.
I believe local community networks like those that Freecycle has created will be extremely valuable in any type of crisis.
Here’s the link to Freecycle:
Don’t be scared. Be prepared.