Monday, September 22, 2008

SHTF: Banking meltdown - What to do?

So many of the investment banks and financial companies are melting down. Many of us saw it coming years ago and stopped putting money into overpriced, venture capitalist run, non-producing companies years ago.

So what does a pre-apocalypse investor do with their savings, investments and carefully hoarded pennies do?

Disclaimer: I am not an investment adviser or professional. If you routinely take financial found on a blog, you should really turn over control of the purse to someone else.

What do I do with my money?

I like cash.
I pay for almost all of my every day expenses, (groceries, gas, etc) with cash.

I like precious metals. Nope, I am not an obsessed gold bug or silver bug, rather, I like having a cash equivalent denomination I can spend literally anywhere in the world. Drop a hat and I can cash in a roll of pre-1965 silver U.S. quarters at a jewelry or coin store and instantly have cash to pay bills with.

I like tangibles. I like having my house paid for. I like having a full pantry, a full gas tank and a working garden out the back door. I would rather have something real I can eat or consume right now then a something I hope will be around in the next 20 years.

It works for me. You do what works for you and yours. But let me say this. Having worked in business my entire adult life, there is a glut of dishonest people who have wormed thier way into the business world whose only skill is the ability to appraise and gut a perfectly good company in an astonishing amount of time.

Consider working for yourself if possible. At least you will like your boss.


Miserly Bastard said...

Dont forget at least some firearms (with training), and a large store of common caliber ammunition. As I'm fond of saying, optimists buy gold, pessimists buy bullets. If things go sideways, ammunition is both a barterable commodity, and an essential tool in your toolkit.

John said...


that goes without saying. But depending upon how things turn out in November, I don't plan on letting the wrong side know what sort of things someone *may* have in their house which *may* be considered dangerous.

BTW - I have no plans on bartering in firearms or ammunition. Unhappy customers have a habit of returning them the wrong way.

Tag and Bookmark

Disclaimer - This blog from time to time reviews products on this blog. Some, but not all, of the products reviewed are affiliate market products and do provide compensation to the blog operator. This blog does receive revenue from advertising on this blog and from the sale of products highlighted on the outside columns and frame of this blog.
This blog is for informational and entertainment purposes only. For legal, medical, financial or any other professional advice, consult with a licensed professional.
We use third-party advertising companies to serve ads when you visit our website. These companies may use information (not including your name, address, email address, or telephone number) about your visits to this and other websites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here.

Copyright - all content property of 2005 -2011 all rights reserved. Content scrapers and copyright violators will be prosecuted.
storable food, dehydrated food, fod, dry food, food storage, food insurance, freeze dried food, survival food, food sale prices, food sale, bulk food, collapse food, food shortage, survival seeds, non hybrid, non-hybrid, emergency food, dehydrated vegetables, dehydrated mixes, dried produce, spices, whole food, mountain house food, mountain house freeze dried food, alpine aire, alpine aire freeze dried food, alpine air, mountainhouse, richmoor, survival food storage, bird flu, emergency survival, emergency preparation, dehydrated storable food, emergency preparedness, long term food storage, long term water storage, long term storable food, camping food, emergency food storage, food reserves, long term food reserves, storage, long term, long-term, dehydrated, gourmet reserves, long shelf life, no cooking required, food storage systems, non perishable food, non-perishable, no cooking food, non cook food, non-cook food, no cook food, basic needs, basic food storage, dry, dry storable, storage, preparedness, personal preparedness, food supply, supplies, seeds, sprouts, food supplier, survival review, collapse food storage, world food shortage, american food shortage


Tripbase Travel Reviews