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119

I despise them and only own tangible assets, not paper or digital mystery bullshit.

https://www.dailymail.co.uk/news/article-10967735/Australian-bank-Volt-collapses-140-workers-losing-jobs.html

I despise them and only own tangible assets, not paper or digital mystery bullshit. https://www.dailymail.co.uk/news/article-10967735/Australian-bank-Volt-collapses-140-workers-losing-jobs.html

(post is archived)

[–] 0 pt

well physical paper isnt that bad a choice least until they start introducing new bills. most of the new money made is through few clicks of buttons at the fed and trillions are digitally minted

[–] [deleted] 2 pts

Paper is a promisary note, do you trust the promise ?

You or anyone would be wise to put all paper into tangible. Food, whiskey, bullets etc. items that will be in demand.

Paper is not in demand, its a mind virus.

[–] 0 pt

i was thinking of it in terms of scarcity it has a semi fixed value and if a run on the bank occurs the cash itself will still have decent purchasing power. the part that fucks up is the government reaction to said crash printing more money with continuously increasing bill sizes

Please read my other comments to protect yourself.

[–] 0 pt

How many SHTF total economic collapses have you been through? The answer is important because it determines the difference between a theoretical plan and actual experience in a total collapse. So unless you can honestly say you've been through one or more, then you are merely speculating on how things will go. More tangible assets will also make you a bigger target for thieves and those willing to kill to get what they want or need. And no, no amount of ammo and guns will allow you to go without sleep indefinitely while you watch over your horde of tangible assets.

Its very simple :

Barnie Frank wrote the law, when musical chairs happens and your musical money is in the game, lets be clear . .. YOU DO NOT GET A CHAIR. Or the opportunity think you even have one, if your smart.

Its fact, its written to tell you, consumer last. Quadrillions of derivitives get paid out to nowhere AFTER the banks get thier cut, GET IT ? That covers position one and two, your position three. Your ass n the air.

[–] Morbo • 0 pt • (+0/-0) • 14h ago

[–] 0 pt

Nice non-answer. I asked you how many SHTF total economic collapses you have been through. You gave me some garbage about Barney Frank. You only described what a potential economic collapse would mean and evaded the question I asked. I didn't ask for how it would happen. I wanted you to realize that no one knows exactly what will happen AFTER the collapse because we haven't ever had one the likes of what will possibly happen. Don't act like you know any better than anyone else what will happen when SHTF. You haven't lived through it before so you can only speculate not give real world experience.

So again, how many total economic collapses have you lived through?

[–] 0 pt

I've invested in banks. My reasoning is, if anyone knows how to protect themselves in this trying time ahead, it's the banks. I'm waiting with considerable interest to see if my reasoning pans out for me in the long run. If it doesn't, I lose money.

So your faster than digital [[Blink]] . They press the button. Barnie Frank wrote the law, when musical chairs happens and your musical money is in the game, lets be clear . .. YOU DO NOT GET A CHAIR.

Its fact, consumer last. Quadrillions of derivitives get paid out to nowhere AFTER the banks get thier cut, GET IT ?

[–] 0 pt

Buy Gold and Silver.

Paper is on its way out.

Coins though will hang around.