Just so we're clear: I've been waiting for the next recession for over a decade. I'm the one who talked about shorting stocks of the Fabian Socialist capital, back on the original KiA.
I said it before, but now I must insist: BE THE PINECONE
The mortgage industry is facing complete collapse. This is a result of most of the industry trying to focus on refinancing, rather than purchases. Now due to inflation, builders can't build homes. Prices are going up, and now interest rates are being cut. What that means is that people are going to start struggling to even pay their mortgages. What that means is that the Mortgage Backed Securities are going to start becoming unprofitable. What that means is that everything that depends on those MBS to be profitable is going to fail. And what depends on those MBS's? Everything. Government bonds, pensions, treasuries, sovereign debt, retirement funds... everything.
There is a world wide cost of living crisis due to inflationary policy. The Fed is making signals that it's going to try and fight inflation, by basically tanking the entire stock market. Frankly, if they were to do this, it wouldn't even be wrong. They no longer have much of a choice because they put it off too long. More likely, they won't until it's too late and the whole world economy really does fall off a cliff and they won't be able to stop it. Worse, the government backers of these mortgages are basically saying they won't be backing most mortgages anymore. Without that, no bank is willing to risk making a 30 year, hundred thousand dollar loan, to Joe Blow from Kokomo, who has a credit rating of 580. The mortgage industry is dead. That means the foundation of the entire debt system goes with it. That's what retirements, pensions, and sovereign debt rely on. If you keep all the lumberjacks home for a year, you will get a wood shortage the next year, and a furniture shortage after that. The mortgage industry works the same way; and the mortgage industry is financing everyone's stock market.
How dead is it? Go onto a search engine of your choice, and search "mortgage layoffs". Every major mortgage company has been laying off people like mad for a couple months now. 10%, 20%, 30% of all staff. This is because there's not enough homes, not enough borrowers, not enough people who can pay the loans, and now very soon everyone's interest payments are going to jump. Foreclosures will start to increase, and then there's nothing that can stop the inevitable. The Perennial Gale of Creative Destruction will not be denied. A market of lies must correct to reality.
This isn't like the Great Recession, because the truth is that in the Great Recession, a lot of people were too stupid to see the truth. I don't think anyone who matters is missing the signals now. Everyone's reacting aggressively to try and get to a seat before the music stops, and they all know it's coming. Nobody just wants to say it out loud because it's scary, and people are already scared, and the market would react even worse to fear.
But you know why I've been waiting for this for a decade? Because good, nice, clean people with middle class incomes lost fucking everything and asked under-class me if they could live in my garage. People with kids. Whole neighborhoods were abandoned. People lost futures. People lost hope.
I don't want that to happen to you.
Any of you. Even the retards among us. It's terrible and I want you to be okay.
So, here's what we do.
- Prep for hard times
- Save your money
- Grow through the collapse
Prep for hard times: get you're supply of food. Get your supply of heating items. Just get it now and put in storage however you can. Make arrangements for the winter, however you need to. I'm not saying it will turn into mad max, and it won't. But I am saying that 1 month of emergency rations will certainly help. It's going to be hard times for everyone, but you're NOT going to be the person caught with nothing.
Save your money: slow your spending on frivolous shit unless that shit can be sold as a useful asset later. Start pulling cash out of the bank now so you have it on the side, just in case someone gets the idea to restrict withdraw limits from your bank accounts. Gold, Silver, Crypto, I don't really care which one you do or don't like, you might as well have some of each. I rely on you to make the best decision for you on that front.
Grow through the collapse: this is a hard lesson. During collapse is the time where the most real growth will take place. Not through good times. The elites know this, and they are positioning themselves to be the beneficiaries of the largest transfer of wealth in human history. Hunkering down is good for a bit, but you are going to need to seize opportunities and take risks during the collapse. You actually get rewarded the most at that time. If you have a skill, get paid for it, and prove you're indispensable. If you see an opportunity that's not being taken advantage of, seize on it. This is actually the time you need to streamline, become more efficient, and be more aggressive. If it's not making you money, influence, or career advancement, why are you doing it? Advance your career by as you need to, and take responsibility from others who aren't pulling their weight, or seem lost. Don't wait for them to self-correct. Become the pillar of your own little communities that people can trust and go to for advice.
This is the essence of being the pinecone.
The Great Collapse will burn away all the brush, and if we have prepared ourselves properly, we will open up from the heat of the fire, root in the ash, and we will rise again
Fuck the Black Pills. Everyone's called me crazy already. Maybe I'm deluded. Maybe I'm a lunatic. Hell, let's assume I am.
But I believe in you, and you should to.
When we look back on our own histories, I don't want you to remember that you were the victim in this story. I want you to look back and see yourself as the hero.
When all this is over, I want you to remember what you accomplished when everyone, and everything, collapsed. I want you to remember that reading this post made you start thinking about how you would be the pillar of your friends and family, and we bore our crosses, and re-built our civilization on our backs.
Be the pinecone.
Very good read and I agree. Been prepping for a year now and I've been awaken since 2020. I'm black pilled at this point. I've gone extremely deep in the rabbit hole but I'm still trying. Thank you for posting this. It shows you care. team humanity.
Black pills get no mercy with me.
The collapse is a good thing. It is the world correcting itself. The truth demanding an audit of reality. Waste is removed, production is rewarded, and the hard times will bring about strong men.
We're gonna learn the hard way, but we will learn.
Doubt it. You're probably right that the collapse is a good thing, but here's what you need to understand:
We are in a country where half of the citizens will literally let the ones who broke the system define how it gets rebuilt. That's NOT good.
This ^ is what no one wants to notice.
I don't think that number is half. I think more and more people are getting skeptical, and as the political right proves it's value, people will stop trusting the political left.
Most people don’t get that Das Kapital targeted these ‘cycles’ of economic growth saying that they were actually the cause of losing the income of the individual. What Das Kapital conveniently ignores is that during general economic downturns the economic mobility vastly increases for those on the bottom. This last recession is a prime example of how communism deals with economic loss, it’s to double down on the processes that failed by their own merit.
I think one thing that set off alarm bells in people (at least the ones I could talk to), is how deflation seemed to benefit them outrageously.
Because of Keynesian economic lessons, people are told that deflation is worse than even hyperinflation. Deflation must be kept at bay at the cost of all human life, if need be.
Then real deflation happens for a moment during Covid, and (shock and horror) the Consumers actually have significant input on the system, and people feel like they are in a better situation economically than they expected during so much turmoil.
In deflation, bad businesses should have collapsed, and forced good ones to recognize the demands of the consumer. Luckily, the government stepped in and deflected all deflationary pressures away from Amazon / Walmart, and directed them onto "unessential" small businesses.
I kept telling people, "Deflation is bad because it empowers you and your money. They'd rather die than let this happen twice. Otherwise, you might start to realize that you want deflation."
Not saying it's an absolute good. But it's almost an absolute good when you've been inflating your currency non-stop for 80 years.
The issue with deflation is that then Joe-schmoe with his measly 60K paycheque and his savings fun of 5K is suddenly worth something. You don't Joe Schmoe to be worth something do you? If he ever has the chance pull his nose off the grindstone, he might start to notice things....
That would be the intent of this, yes.
not asking for mercy but I get it. Staying strong but I know a lifetime full of "fuck" is yet to come. It's a harsh reality knowing that the majority of the leaders or those that have influence are bought out. What we're seeing is how the love of money and greed is corrupting the world and how our neighbors, parents and loved ones are being poisoned and still have no idea. reminds me of a ant problem in my home:
Bought ant traps. Ants represent the normies who can't handle the truth and just want to stay ignorant. They (the ants) waltz right into the trap even though they have no idea what it is the world just walks right into it. The ants slow their movement not realizing they've been poisoned (insert Bill Gates frown grin here). If it isn't the jabs, it's been the foods, we knew that already. The shit in the air falling into the water we try hard to filter out. The fake false flag attacks with the recalls on tons of meat, the planned fires of food plants and hollywood as a distraction with social media news and Elon controlled opposition Musk with his asshamburger having ass.
There is only so much gold and silver one can stash along with food and water. Georgia guide stones is still a thing and reality is we can and will stay strong but we're going to die regardless. Our world will eventually look like movies I Am Legend and Wall-E. There is no escaping this. The answer isn't political. WEF, CDC, Vanguard, Blackrock the list goes on but all these fucks are controlling the stage. They may be sloppy at times but we see and feel the shift on what they promised to do. They lay it all out in our faces and laugh. Stay strong and do the best you can with what you have. Careful of that cloud money crypto. Don't be surprised that it was created by the CIA to get people warmed up to the federal digital coin and ID. Get your profits and get out is my point. While people hold onto cloud money it's as good as nothing when the grid goes down.
You get mercy. Black pills don't.
You've black pilled yourself into far to ridiculous of a situation. Worst case scenario is the 1930's. Not I am Legend.
The accidents at food plants are not intentional attacks. It's just that food storage and refining is actually highly flammable. For example, Here's coffee creamer. Here's a Doritos chip.
And while I see people doing conspiracy theories about food processing plant fires, I dont see anyone talking about the much more common and violent grain elevator explosions. Because as it turns out, grain dust is extremely flammable/explosive, even if you follow every rule.
Oh yeah, they're enormously explosive.
Every grain silo is basically a 500 lbs fuel bomb that's 5 stories tall.
This is just some dudes watching a grain elevator mishap, and they get a bit singed
I'm glad I came back to this thread.
I knew this happens but never looked in to it. Watching from the beginning it seems that they knew what would happen but were still surprised at the force.
Crazy.
Yeah, and that was mostly just them dealing with the fireball from dust, not a proper explosion.
following the collapse should be a series of public and brutal executions of all involved in creating and prolonging the conditions they've subjected us to.
but there won't be.
we'll learn nothing.
No black pills.
The reality is that people learn from experience. We just shouldn't delay those experiences. These will be the hard times that make strong men.
And strong men don't take black pills.
Land is almost never a bad idea.
Land with a reliable year-round water source is never a bad idea.
v v Land without water v v
I GOTTA JAR OF DIRT!
Yoooooooooooou should probably not ask the faceless void of the internet about your 70 grand.
It's a very complicated question you just asked, especially in regards to taxes. Both from pulling it out of the IRA and paying tax on it, as well as which land you should purchase, and how much you're gonna pay in taxes for that land.
I don't disagree with that, but I think your best questions are:
A) Which land am I talking about B) What are the tax costs
Otherwise, whatever gains you make in ditching the IRA could be lost just due to property taxes.
Late response. I think prices for everything may collapse soon. Cash (along with defending it) is God in this environment (my opinion).
Instructions unclear, subscribed to 200 OnlyFans accounts.
Don't make me get Impy.
There are six different neighborhoods under active construction that I can think of right now, all in a small area of a quiet suburban.
Being prepared is a good idea, but FUD is not.
I disagree. It's going to benefit some places more than others. For me personally, I know for a fact that my areas aren't going to benefit.
"The dollar has actually been worthless since 2007."
But try buying food or electricity or whatever without it.
Unfortunately Bot-not1 is correct. It's not entirely worthless. It's just less worthless than other things.
I love the part about growing during the collapse. I did pretty much that in the 2008 crash. Some people, particularly those my age seemed to think I was nuts, but I bought a house at 23 during all that foreclosure crisis. I had a decent enough job and one that I believed to be stable. All the "ahh what if something happens to it!" that was parroted to me by the forever renters I threw by the wayside. Because in the end I knew and trusted myself and my ability. Turns out it was such a huge springboard to everything else taking advantage of the opportunity to have my pick of dirt cheap super nice houses. To the me of today, it's not a risk, but back then I had less than half the income and a lot less life experience, so relatively it was a risk.
I spent a huge percentage of my savings last year shoring up things. Paying off some of my real estate, buying physical assets, hell even just improving my own house I live in. Now I'm in more of a build up again and be ready to pounce on the opportunities. Sure, some of it is in regular old USD investments and there's inflation and all, but it's stable and liquid. I've got plenty of physical assets too from cars to silver to useful items like tools. Yes, I count tools as a physical asset to a point, if the shit were to really, really hit the fan at an apocalyptic level, I basically consider my tools my lifeblood because they are how I can be useful. I have my hands in about everything, because the way I see it going down the black pill road and stacking all your eggs in one basket because you know the future is the sign of a crazy person and why not prepare yourself for resiliency against many different possibilities instead.
I've done it with much smaller amounts of money, and much smaller opportunities.
The thing about it that's so important is that it's more important to poor people to take advantage of these kinds of opportunities than it is for anyone else.
When you're wealthy, you'll never be silly enough to bet 50% of your entire asset wealth, even on a relatively guaranteed chance. But when you're poor, you don't got much to lose. So betting $50 out of the $100 you have feels incredibly risky because of the collateral you're actually putting up, regardless of the fact that it's a safe bet.
Investing in pharmaceutical companies or mask manufactures in February 2020 isn't a risky investment. But if you bet 50% of your wealth in it, it absolutely is. Only poor people can make those kinds of bets, because those are the only kinds of bets available to them.
When you're wealthy, you'd rather not take that bet unless you've got serious ambition.
Maybe things aren't as certain as that. Your health is your wealth. You shouldn't think you need a bunch of gold.
Are you resourceful?
Do you have any debt? (pay it off)
Do you have any useful skills? (learn some if you don't)
Do you have people that you can rely on?
Do you have any leadership skills?
Protect who you can, and do the best that you can each day.
You can buy gold by the gram. Save what you can.
You probably will, almost everyone else does.
What's wrong with hourly?
I knew things were fucked when my mom bought a house in 2003. I didn't understand how the shitbox was selling for so much money, and how it was justified when there was buildable land all over. It was cemented when at a "welcoming party" for residents I got to talking to one fellow and he was saying "house prices go up, I'll sell for a bunch more in 5 years". I was asking, who, who would pay more than you did? I sure as shit wouldn't.
Little did I know how much more fucked things got through 2007, and even early in the collapse people were in total denial. Then it all got bailed out and you are right, the malinvestment was never really purged from the system.
At this point, I hope you are right. This house of cards is way over built.
Where the hell are you finding anything in that range?
Those prices are common enough if you avoid blue areas.
You should invest into an actual productive business and stop being a parasite landlord.
I think that this time, most of the malinvestment is going to be purged from the system, because no one's gonna be given a choice in the matter.
I often see people saying that interest rates are going to jump on mortgages. There's something I don't understand about that, and this is an honest question.
What about people with fixed interest rates? Will the institutions just disregard that and say "nah, you guys too" and laugh us out of court? Or will the people with variable interests be the ones primarily getting fucked.
They can't raise rates on fixed rate loans. Your payment can go up if taxes and insurance costs spike, or if you have an interest only period, but they can't change the rate itself.
It would be ARMs (Adjustable Rate Mortgages) that are among the higher risk on this front. You often see them as 5 or 7 year fixed terms that then shift to variable interest rates for whatever the remaining term is, they play off people's gambling mindset of 'well, I'm absolutely going to refi before the fixed term runs out'. The banks offer those loans for a reason; enough people fail to refi in time they make out like bandits after.
Like any kind of mortgage they're a tool with a purpose, but people get convinced to over-borrow or do risky things they probably shouldn't all the time. Practically speaking, this will largely mean both the ability to borrow going forward for any reason will become more expensive and harder to secure, because underwriting standards are going to tighten. Risk of default is higher, investors in Mortgage Backed Securities (or any debt security) are going to change which kinds they buy into based off it. The lenders will not want to make loans they can't sell, and the market adjusts.
Your replies are correct. They can't raise the interest rates on fixed rate loans, that's why they exist. Particularly Skeptic.
I've evacuated my investments, and I paid off my entire home loan. Now I just have to figure out the sorts of physical investments I should be making with my assets.
I got gold and silver for now, guns actually seem to be neutral.
I'd probably consider land and homes after their prices collapse.
Will their price collapse outpace the collapse of the dollar's buying power though? That's the thing I can't figure out.
That's the big question. Keeping money in savings is a bad idea due to inflation and the ridiculously low interest returns. Physical assets/property are the way to go, but it's tricky when the property market is this inflated.
To me, yes I believe so.
The dollar's buying power is increasing because it's the world's reserve currency. But if you believe that the dollar is going to survive, then you DON'T believe in The Great Reset, which has been pushing for ending the dollar in favor of introducing a new digital currency.
I think it would benefit you to watch this video, where there is an argument where the dollar gains value (rather than losing it). I'd say the key takeaway is that while the purchasing power of the dollar will go up compared to other currencies, but it will still do worse compared to assets, not only to gold... but to shit like wood.
So I want to buy a house anytime by August. Would you say that is too soon?
I personally think that we are at the very end of the asset cycle for housing.
I think within the next several years, the value of housing (regardless of price) will probably fall by 30%-50%.
Optimally, the best time would be to sell now, and then buy later. If not buying a house for several years isn't an option, maybe buying a cheaper house, or an easily repairable house, would be better. If you treat your house as an investment, you might lose less with a cheap one, and you might gain more value if you bought it already cheap and improve it. Alternatively, you could also mitigate the damage by buying a house in the right location, like in good parts of Florida, Texas, and Tennessee.
This is a video of Mike Maloney describing what he's calling a wealth cycle, but is more traditionally called an asset cycle. What you want to do is recognize where you are in the cycle, so you can put your money in the assets that are going to increase, and move it out as the cycle completes. I believe that when it comes to real estate, we're at the end of it's asset cycle, where you need a huge amount of gold ounces to buy a the "median" house. Currently, the Median US house price is around $428,700 , and that translates to around 225 ounces of gold to purchase a house.
I've decided (since I already have a fully paid off house, but also can't actually sell it for personal reasons), that I'm not getting into that market, and I fee like the end of the real-estate's increasing prices is soon, and would be too hard for me to guess right. So I'll just buy gold instead and wait for housing prices to fall.
I think it's very likely that within 5 years, the housing market will collapse (as in lose 30% - 50% of it's value). So, if you are getting into a house, you should think about how you are going to get out of it. I'd say we're both playing a bit of a dangerous game. Me buying an asset that should go up, means I'm taking losses now. You guying an asset that should go down, means that you could take losses later. So, if you buy a house now, you might want to figure out how to flip it in less than 5 years, so you can put your money into different assets. You'll need to figure out when you want to get out, and what you want to put your money in, in addition to how you want to actually invest in your house (given it's condition, given how much repair you'll have to do, given how much land you might get).
If I were planning on buying a house, and I had to move into it, and I only get the one house. I would focus on buying a small house that I could easily improve, and that has lots of land, in a good location for travel. So, some place off the interstate, where maybe I get 2-10 acres, the house itself is small, but relatively recent (modern electricity, heating, insulation) and I could improve the value of the house for a much better sale in 2-5 years with some basic features like: improved landscape, add a garage, add a deck, add a nice granite or stone kitchen counter, maybe paint the house a preferred color, and sell it for basically what I got it for. The money I saved in not buying a bigger house gets kept in gold which jumps up in that same time. At the height of gold (4-7 years from now), and the bottom of real estate, I sell the gold, and start buying more real estate or stocks which will begin their slow climb for the next 30-40 years.
Honestly, I'd find a real estate agent who's been through everything, and tell him how you want to do this to protect your wealth. See what he tells you, and tell him that you'll stick with him when you sell the house later if he helps you figure out how to improve the value of your new home during the coming years, so you can purchase a nicer home towards 2030.
This is my biggest problem, finding a safe investment to carry my cash through.
Housing sales are going down while housing prices continue to go up.
That’s when you know your currency is fucked.
Don't worry, I hear they are going to reset the currency.
Well, I was going to start investing in stocks, but its starting to sound like it would be wise to pause and put a pin in that. Then do the wise and sensible thing of buying the dip to gain my leg up.
Now with that said, I stand by my belief that this is an issue that will not effect the entire country in the same way.
You speak of entire neighborhoods being abandoned in the aftermath of the last crash? Never happened to that extent around here. In fact, entire subdivisions are under construction, and its all new homes as the local population grew at a steady, natural rate.
Inflation? Gas and electronics are way up, but basic goods are the same they have always been, and food is holding steady.
If the lockdowns were supposed to kill small business, then that backfired. Because the places I know about that closed locally were actually some chain stores or places that were already known to be on their last legs (like the restaurant owner who had been wanting to retire for years). Not only did all of the other small, local businesses survive, they thrived so much many of them willingly closed for months later to do renovations.
And far from laying people off, local businesses are still hurting bad for more labor. Which is causing wages to go up to help draw in talent, and its still a workers market when it comes to setting your terms and choosing your job (although I realize that is not necessarily a good thing).
Hell, its a bit perverse, but all of this instability in agricultural markets has actually helped us. You have no idea how many grain trucks and livestock haulers I have seen running around. I have seen literal lines of trucks waiting to unload at the elevators. And the railroad has been staging grain cars nearby getting ready for the surge.
So I imagine those of us out in the heartland will do what we have always done: weather the storm beaten, battered, and bruised, but yet again unmoved. And if even we fail? That is when you have to start panicking, because it means shit has well and truly hit the fan.
The only stocks I would invest in are the ones I'd be shorting. Like Bank of America (bastards)
Yes, I agree. I live in a place that was one of the hardest hit. The fact that I said eniter neighborhoods abandoned... there's only a couple places that could be. And I don't live in Flint.
Overall, this is going to be the largest transfer of wealth in human history. I think there's going to be a lot of winners. I intend to be one of them. I just don't want anyone I know to be one of the losers if I can help it.
Fair point. Would probably also be wise to short entertainment companies as well. They are so deep into the hole with wokeness that even as they have officially started collapsing, they cant dig their way back out because no one trust them. And they need money to make quality content people actually want. Money they burned trying to get asspats on Twitter.
In a move I actually didnt see coming, it looks like freaking Warner Bros might actually end up being the survivor in all of this. Because their new CEO (David Zaslav) is a shark who only cares about if you can make him money, and has literally no fucks to give about what anyone thinks about him. So he has fired a lot of the woke "untouchables" in the company that were losing him money, and it was apparently on his orders that CNN+ was yeeted into the sun.
Yeah, ruthless capitalism is about to have a fucking show down with wokeness, and wokeness is going to lose badly.
I work in the mortgage sector, but in a more specialized niche portion of it after having gotten laid off from the normal part of it a few years ago. Back of house type work, not sales.
Can confirm on the layoffs, they are rampant in what we call Retail sector (conventional mortgages, government backed loans, your typical 'normal' loan done by big banks or big name lenders). They've been gorging on refinance business, and now that that's drying up really fast they are getting absolutely wrecked by being too dependent on them and getting greedy. The market's not healthy, and we're in a spot were there's abject panic in some places and if you look at rates side by side, they are currently comparable to where they were right around the start of the pandemic.
Of course, it's the direction and momentum of rates that matters a great deal. The retail sector is very exposed to these boom-bust cycles, and the business model of getting people to take out short term ARMs with the intent of pressuring them to refinance in a few years to a Fixed loan is a lot of times outright predatory. It's risky for everyone - including the lenders, and you're seeing exactly why playing out right now.
It's hard to say exactly what will happen as a result of all this, it's like 2008 all over again, except different, except worse, and a lot more volatile and unpredictable. I agree with the pinecone sentiment, just wanted to share my little window of perspective.
I appreciate your perspective because I agree with all of it, but I didn't want to get into the details. Fannie and Freddy aren't going to continue underwriting the amount of retail loans that they've previously been doing. Instead, most loan production is going to move into more Qualified Mortgages and what I would call 'luxury products' with borrowers who are very safe to invest in. Basically, the retail well is bone dry. No more free lunch for a while, and that's gonna be a hell of a knock-on effect to everything else. Especially if people start struggling to pay off their loans.
I absolutely agree that the retail sector just shot itself in the face with refinancing, as if they couldn't have imagined that the free ride would ever stop... even though no one told them to expect it to go on for more than a year, let alone forever.
The thing is, nothing is healthy because it's the Everything Bubble that is bursting and Inflation/Covid are the pin that bursts it. The dollar is strengthening because people are dumpting out of weaker currencies to go into something safer. When that starts to fail (as it must), they'll dump everything into housing. When that starts to fail, they'll have to go into assets like land and gold. Everybody's fake money is being accounted for, and now they're trying to move it so they don't get hit... but nobody is getting out of this unscathed.
Destruction paves the way for creation. Suffering is actually a wonderful transformative process if you actually embrace it instead of doing what everyone else is doing which is trying to avoid it. By avoiding it, you fail to grow mentally and spiritually. Not only that but you make the situation worse in the long term. I remember when I was younger, doing the same thing over and over before questioning why I was doing this when it ultimately only made matters worse. This is effectively the state most of humanity is currently in, using escapsim and vices to avoid suffering.
Collapse ultimately is a way of forcing humanity to finally face suffering, there is no porn, video games or netflix when the lights go out. There are no more wine, or antidepressants, or any other consumerist products to self-medicate with. You are forced to endure suffering in a way that cannot be avoided because your survival actually depends on it, this will make people thrive once more but this method is for normal people. If you're smart, you'll figure this out long before it happens and be prepared for it, you'll have already recognized the benefit of embracing suffering and you'll be an amazing position afterwards. Don't be a retarded normie that literally needs a collapse to force you to do the right thing. You have a brain, you know this is coming, use it.
The thing that kills me here is that collapse isn't necessary. It's the result of delay. Facing the problems now is gonna work wonders for you, rather than putting it off. Delaying it only makes the problem exponentially worse.
Well done. This was a breath of fresh air.
I have a thought to add to it.
What most people expect in the "collapse" is not likely going to happen in a day or week or over a few months. It will bleed out slowly, with spasms here and there.
There are multiple stab wounds all bleeding as we speak. In addition to the bleeding analogy, we are also beset with cancer (in the form of leftists ideology). Whichever analogy we use, it is pretty clear that most of what we see happening began in 2001:
Bill Clinton's repeal of Glass Steagall, and the Community Reinvestment Act act) took effect.
The Patriot Act was the final dagger into the heart of this country. It has been slowly bleeding out ever since.
The wars, the rampant printing of money, the deliberate attack on supply chain, international trade decisions, and countless other ill-advised policy decisions are having an effect.
These few major factors have been the cause of most of what we are seeing now. And elected representatives are doubling down on a nearly daily basis to remove freedoms, centralize systems, violate rights, control speech, and control wealth and the movement of money.
TL;DR - The collapse is already well underway - and it is slow, painful, and deeply disturbing.
The saying (adapted from Ernest Hemingway on how he went bankrupt) is: it will go slowly, then all at once.
That's what I expect to have happen. The system is already careening out of control, but nobody really notices until even that bit of control is lost, and the people in charge start panicking. That's when everybody loses their shit because now it's entirely too late to start dealing with it now.
Honestly, you can just buy most regular currency, and you can order it from retailers. If you really want to, there's a bunch of weights and measures you can get, it's not overly complicated.
Although the premiums are bad, I actually kinda like the idea of the fractional gold coins. As cheap as larger silver, but genuine gold from a government mint, and people will be able to barter with it pretty easily. 1/10th oz gold eagles aren't a bad way to start.
I would suggest to take your cash out of a bank account.
I already did. Not everything because I need to make payments, but I've already got a pile of cash just in case the Biden Regime decides that they need to stop evil "money hoarders" from "disrupting the economy" with "monetary terrorism".
I have known for a while that we are overdue for a collapse. I am pretty recession-proof I think because I have a very low monthly mortgage payment and no other debt and I live within my means. I just got hired at the beginning of the month to an engineering firm and I can't help but think it's just a matter of time before I am laid off because I am the last person hired. Once that happens I'll just work retail or something again for a year or so. That's what I did during the Great Recession.
Don't be so sure. It depends if the layoffs are done intelligently by the department heads, or whether it's just done en masse by corporate.
If done en masse, yes you're screwed.
If done intelligently, you might actually be the last to go. This is because the managers are going to be looking around for a) low productivity, b) low co-operation. If you just got hired, I'd bet it's more likely that you'll be kept because an intelligent manager sees more potential in you, than they see in the guy who's been around for years, but hasn't improved significantly.
I'd avoid doing retail for a year if you can avoid it. If you could negotiate it, stay within the industry/company, volunteer for a different role that's more in demand, and consider taking a paycut. You'll be better off in industry when a recovery comes through, than you will be out of industry.
No, interest rates of greater than 3% on loans are not the problem.
If I let you borrow $10 for a month, and ask you to give me $11 back at the end of the month, you don't get to call me a jew, and refuse to pay me back.
This short-sighted nonsense is why you won't be able to help yourself.
You don't have to accept the terms of a loan. That's your fault.
That is usury in all it's forms.
You don't have to take the money if you don't want to pay the interest.
You don't have to accept the terms of a loan. That's your fault. You don't like it, stop asking for money.
You're the exception to the rule, mate. I can tell you for a fact that there is a massive shortfall in production nationwide. I can also tell you that purchases are down (even though demand is high) because it's getting more and more expensive.