Should you just move all of your savings to alternatives to fiat, or should you slowly cash out of fiat pending the recession? | Poal: Say what you want.

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Should you just move all of your savings to alternatives to fiat, or should you slowly cash out of fiat pending the recession?

This video was, for me anyway, somewhat enlightening. Admittedly, it was pretty obvious once I thought about it, but once I realized what I wanted to get out of cashing out, I was finally able to understand that there is a difference. Personally, I don't have a suggestion as to which one is better, but this is more or less a concise explanation which can still be reduced to this simple advice: you don't have to move all of your money out of fiat at once. I can only assume it's rather daunting for most people to be told to drain their savings and invest in things outside of the control of our government (or better, systems that are skewed by our governments). Hopefully this eases your potential anxieties.

Also, this video mentions in the very beginning a hypothetical situation wherein someone is considering purchasing stocks. Let me be extremely clear: I've yet to identify any stocks that are worth investing in. If you think you can prove me wrong extensively (and empirically), I'll gladly be receptive.

https://www.youtube.com/watch?v=WOQb3JD1dGM

This video was, for me anyway, somewhat enlightening. Admittedly, it was pretty obvious once I thought about it, but once I realized what I wanted to get out of cashing out, I was finally able to understand that there is a difference. Personally, I don't have a suggestion as to which one is better, but this is more or less a concise explanation which can still be reduced to this simple advice: you don't have to move all of your money out of fiat at once. I can only assume it's rather daunting for most people to be told to drain their savings and invest in things outside of the control of our government (or better, systems that are *skewed* by our governments). Hopefully this eases your potential anxieties. Also, this video mentions in the very beginning a hypothetical situation wherein someone is considering purchasing stocks. Let me be extremely clear: **I've yet to identify any stocks that are worth investing in.** If you think you can prove me wrong extensively (and empirically), I'll gladly be receptive. https://www.youtube.com/watch?v=WOQb3JD1dGM

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[–] • 0 pt

There is virtually no risk of what you refer to as "societal collapse". This concept that demoralized, hopeless children have conjured is nothing more than doom porn.

There will be a recession. The question is when and how bad it will be. Please see the other content I've posted here.

Either way, thanks for adding to the conversation.

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[–] • 0 pt

Well I said if your worried. And it would all depend on how bad the recession was. Its not that I dont agree at least some of ones assets should be in gold and silver.

A bad enough recession would lead to a collapse.

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[–] • 1 pt

There are people that wouldn't allow certain things to get so bad. I understand this is a tough thing to be told when such a realization only leads to that many more questions.

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[–] • 0 pt

Look, I think we are going to something considerably worse than 2008. And Im sure your finances are in much better shape than mine. There is a breaking point to everything though. Why not try to be prepared for all contingents?

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/s/Bankless

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I am no financial adviser. What you do with your money is your choice. If you lose some, it's your fault and not mine. If you gain some, it's your fault and not mine.

This sub is for showing people how to avoid traditional banking, about how to be your own banks and for informing the public (as public as this is) about the upcoming recession and how to avoid losing money during such an event.

I won't participate in any discussion about taxation here. That's your own game to play. Please respect the owner of the website, @PMYB2 and avoid discussion that could cause us to receive unwelcome attention.

All are welcome to discuss virtually anything finance. I won't police speech practically at all here, if ever.

Finally, I won't promise to update this sub frequently or necessarily check it frequently. This is more about getting these resources and this information out there.