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  1. #61
    GlobalWealth is offline
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    Quote Originally Posted by Rawr View Post
    You can worry about the world or you can worry about YOUR world.
    great comment
    Bobby Casey - GWP - GWP Insiders - GEH
    Asset Protection and Offshore Planning - Conferences - Education

  2. #62
    CarrieW is offline
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    found this forum while looking for something completely unrelated but thought of this thread and thought the link may be useful to someone here...

    Survival Preparedness Homesteading Forum

    still havent found what I am looking for yet so back to google for me!
    "brick walls are there for a reason...they let us prove how badly we want things." Randy Pausch

  3. #63
    Rem
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    Throughout the history of the world, there has been peace, recessions, depressions, wars, revolutions.... and there have always been wealthy people who strive during these times. I think it is normal to discuss them, prepare for the events we see ahead in our lifetimes, and adjust accordingly. Personally I see a decline in Western Civilization and in our economic status. This is normal if you stand back and look at history as a whole. The question is how you are going to benefit from it? You can follow the herd to the slaughter or you can seek refuge?

    It's like playing football. Is it sunny out? Is it raining? snowing? You still have to play the game, no matter what the weather is. Tactics may change, but you are still playing football.
    - Things turn out best for those who make the best of the way things turn out.

  4. #64
    bateati is offline
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    Quote Originally Posted by Rem View Post
    Personally I see a decline in Western Civilization and in our economic status
    What do you think are some of the causes for the decline?

  5. #65
    RyanG is offline
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    Quote Originally Posted by Rawr View Post
    Ryan..you are young easily inspired and think the world is full of mysteries.. it's ok this is called adolescence and it will pass when reality comes more into focus. I know this because I've been there too.

    In fact your Venus project, which I am sure you are excited very much about, was about an hour drive from where I lived - my friends visited it and the main guy behind it.. do you know what he has there? A bunch of swamp
    land. "If we only had 500 million to build the machines" well..you don't.

    You can worry about the world or you can worry about YOUR world. Reality always wins in the end, unless you hop on happy pills and the bottle - and reality is - look around, and imagine yourself from what other people around you see you as. Look at the mirror, this is who they see every day, your own voice sounds different to them. They don't lie to themselves about your abilities to "easily open a business/become a music producer/ pro blogger" if only "there was a shot given by someone"
    I'll give you respect, despite the fact that you'r entire reply was to talk down on me as a result of my age and opinions I've expressed....with that all due respect, I disagree with you. I'm not blindly inspired or riled up over run of the mill hype or rumor. I have educated myself on the financial market without being a product of it -- and I can see where it is headed. It's not even a matter of opinion anymore, it's mathematical fact.

    You can write me, yourself, and whoever else you want off for whatever reason that makes you comfortable -- insignificance, inability, delusion, ect... but it's not the way I think. I couldn't care less what other people see, hear, say, or think about me. That is adolescence. And if passion, inspiration, innovation, and vision in things are looked at as naive, young, and stupid -- then I'll take those accusations gladly, and wear them throughout my entire life.

    But I thought, if anywhere, this forum would be a place where like-minded people would be and where these type of conversations belonged; without all the undercutting, negative, and petty, comments and insults. Lesson learned.

  6. #66
    bateati is offline
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    Quote Originally Posted by RyanG View Post
    I'll give you respect, despite the fact that you'r entire reply was to talk down on me as a result of my age and opinions I've expressed....with that all due respect, I disagree with you. I'm not blindly inspired or riled up over run of the mill hype or rumor. I have educated myself on the financial market without being a product of it -- and I can see where it is headed. It's not even a matter of opinion anymore, it's mathematical fact.

    You can write me, yourself, and whoever else you want off for whatever reason that makes you comfortable -- insignificance, inability, delusion, ect... but it's not the way I think. I couldn't care less what other people see, hear, say, or think about me. That is adolescence. And if passion, inspiration, innovation, and vision in things are looked at as naive, young, and stupid -- then I'll take those accusations gladly, and wear them throughout my entire life.

    But I thought, if anywhere, this forum would be a place where like-minded people would be and where these type of conversations belonged; without all the undercutting, negative, and petty, comments and insults. Lesson learned.
    /facepalm

    He wasn't talking down on you.

    You just don't understand where he is coming from. I can almost guarantee most of the older members were thinking the same thing Rawr was, but they just didn't feel like taking the time to type out and articulate their thoughts.

  7. #67
    RyanG is offline
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    All good. Like I said, no disrespect.

    It's a matter of different outlooks and priorities, we'll agree to disagree.

  8. #68
    bateati is offline
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    Quote Originally Posted by RyanG View Post
    All good. Like I said, no disrespect.

    It's a matter of different outlooks and priorities, we'll agree to disagree.
    This was a matter of two people in different stages of life; with the younger 'adolescence' thinking he knows better than someone who has 'been there' and 'done that'.

    Rawr gave you the best advice you will find just about anywhere. Just stop acting like you know better and actually read what he said.

  9. #69
    Russ H is offline
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    Quote Originally Posted by RyanG View Post
    To tell you the truth, I don't know who Peter Schiff is. . . .
    Quote Originally Posted by RyanG
    I'm personally going to South America -- Brazil, Columbia, or Venezuela for the beaches and the women.
    If you get anything out of this thread, bubba, watch some Peter Schiff videos. You will learn a lot.

    Then, read up or watch some vids on what life is REALLY like in South America. There's a lot more going on than sunshine, beaches, and women in skimpy bikinis.

    If you have gold in SA, plan on hiring a militia to protect you.

    'Cause as biophase pointed out, you won't have it-- or your life-- for long if you can't defend it.

    -Russ H.
    Beer & Pancakes 2012-- The EVENT

    "Control everything. Own nothing." -John D. Rockefeller

    "Don't confuse motion with action" -Ernest Hemingway

  10. #70
    bateati is offline
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    haha RussH I was going to make a comment about you in my last post. This seems like the sort of thread you normally jump in and bring your wisdom to.

  11. #71
    Graves is offline
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    Quote Originally Posted by RyanG View Post
    Another thing to clarify is, by adding value to society, I don't mean how hard they work or how much time they put into it. Garbage men, farmers, & construction workers work 100 times harder and longer -- for a fraction of the pay, and they contribute a lot more value to society. Just not in a lucrative way. Doctors don't even get paid that, unless they're giving girls fake tits & bigger lips.
    Explain further.
    I've worked a few times in part-time jobs for minimum wage. If I contributed so much value then wouldn't I have been able to command a seven figure salary ?
    Or maybe is it just that entry-level jobs are just what they are - low value work that anyone with a pulse can do, hence the grueling work conditions and low pay ?
    "An entrepreneur must have passion for an idea and the stupidity to believe that it will work. ""

  12. #72
    danoodle is offline
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    You might also consider getting into real estate with the record lows, foreclosures galore, and strong rental market. It would be a "tangible" asset that would retain its value despite what happens to the dollar. Also, the income produced from it is a "sure thing" as opposed to "wishing and hoping" on appreciation of a lump of metal, and getting out at the "right" time. Don't get me wrong, I like PMs, but you may want to consider some other options as well. Cheers!

  13. #73
    InMotion is offline
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    Quote Originally Posted by biophase View Post
    The most important currency if the shit hits the fan will be firearms and ammo
    Accurate. Invest in arms companies, its a safe bet; it was during the world wars and it will be the next time around. If america goes, so goes the global financial system. Buying into fear and paranoia is the surest way to stay poor; hope your hiding your gold in your bunker. The people that always eat well in these situations take by force; fact.

  14. #74
    Brander is offline
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    Still a good book after decades is "How I found freedom in an unfree world" by Harry Browne.

    I was and still am quite idealistic, but I had to face the facts that I shouldn't worry about things that are out of my control. I can prepare for an eventuality, I can either continue to live well and earn well (which has immediate impact on the quality of my life) or I can go into politics and try to change the world to the one I would want to live in. It's a dirty business and I am too straight to the point to ever get elected by the masses (they love their bullshit). I still might later in my forties, but for now I am content to better my life and enjoy my toys and free time.

  15. #75
    Lumpy is offline
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    Well, although there is certainly a great case to be made for potential high inflation at the end of the financial mess the Western world has created, I'm not sure you want to buy in to heavy on the "gold, gold, gold" solution to it. If/when the financial mess hits the fan, what exactly is your gold going to do? Will it make a profit people need in those times? Will gold give people a place to live? Will it protect them from attack of mobs? Will gold plow the field for your new crops? What EXACTLY will gold do? Where will you keep it? How will you extract the supposed value in those times?

    No, I think gold MAY be a small part of the solution - if that. Nothing beats a profitable business that will stay important. Inflation? Charge more.

    Gold is so over-hyped right now that all my instincts and logic tell me it is NOT what it is being sold as for the "guns and seeds" believers. Actually... come to think of it, it's not nearly as useful in the doomsday scenerio as the guns and seeds! Most of the gold/doomsday hype comes from fastlane sellers of their products, service or books relating to it. I don't totally dismiss the likelihood of another financial meltdown fairly soon, I just question the solutions.

  16. #76
    Scuderia is offline
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    I use to be in the hyper inflation camp, but then i woke up. There's not going to be hyper inflation, in fact the US can easily afford to spend $2-3 trillion if they really wanted to. Debt to GDP isn't as bad as most other countries. Look at Japan, its debt to GDP is 220% of their economy. On the long-term horizon its bad, with all the unfunded liabilities its bad. But it can be managed.

    The people trying to sell you the hyper inflation myth, are either out to get your money OR can't read data.

  17. #77
    CommonCents is offline
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    stagflation, many things you own go down in value(esp intangible financials), while things you need, go up in price. If you notice at grocery store, not only are prices going up, but the container/portion size are going down. It's staggering the number of products that have maintained price but the size/net wet of the package/product has gone down 10-20%.

  18. #78
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    "What really needs to be done is a shift in the paradigm of people stuck on a system that generations have seen their whole lifetime -- but is obviously very broken and doing more harm then good. " -Ryan G

    "Until then, follow MJs advice and try to impact millions with your product,site,solution,etc." - Deseingalt

    I'm almost positive I'm in the minority here, but this problem can be reversed. By doing the very things you both suggested, the end of the world (if it can even happen at this point) won't happen if we do our part to reverse it. Ironically, doing our part involves pursuing our own separate interests without infringing on the rights of others to do the same. The reason huge challenges like this arise directly results from infringing on the rights of others to pursue their separate interests. We have a centrally planned economy that never required central planning in the first place. Statesmen should be running the government; not the country. As long as the public lacks the political will to stop it, this will continue. A lot of this discussion centers around the shrinking middle class. The main objective for many is to try and preserve, restore, or revive the middle class to solve some of these issues. I argue that we should eliminate the class system entirely so everyone and anyone can live in an environment of equal opportunity rather than equal results. You accomplish this by addressing the real problem: the perception of voters. Politicians and central bankers are not the problem: voters are. Politicians and central bankers have never been the true leaders: private citizens have.

    I don't believe in the notion that you should only focus on yourself because there is nothing you can do about the world's problems. I believe you can solve the world's problems by focusing on your own, because the more individuals do the same, the more apparent the results will be.

    As long as Fastlaners around the world keep doing what we're doing, the world will be fine. We got this! We're fine.
    "Don't wish for fewer challenges; wish for more skills".

  19. #79
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    I have taken some steps to prepare for these types of scenarios. But I think rather then trying to stockpile several years worth of food and gold/silver and other things for my familys needs, I concentrate on a scenario where I really dont have to use money for hardly anything. I am learning how to be a great negotiator and how to make friends....which is as valuable as gold. I will probably pick up a few acres of property out in the boonies....and I have learned how to grow all of my own food. Eventually, my wife and I will get to the point where we can retire pretty easily....by spending little to no money. Bartering is another form of money. There are many things that would be used as money if the monetary system were to collapse. I think its very important to educate yourself.....so that you can survive in a variety of scenarios. My rule of thumb is this.....if there is ANYTHING in my life that someone else can use to control me, then I need to fix it and make sure im not vulnerable.

    Here is a video that I enjoyed.... How to have a home with no house payments and no utility bills! - YouTube

  20. #80
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    Ryan could be right, it seems like things are going that way, but I'm just about smart enough to realise I just plain suck at predicting the future.

    Here's the thing, buying gold and silver is for those in the slowlane. Instead trade your fastlane bits of paper for income producing assets. And more importantly make those assets produce the essentials of life. I realize this isn't a fastlane method for getting rich but is a sensible way to invest your money.

    For me it's farm land, agriculture, since that's what I know a LOT about. There's a massive silent global food shortage at the moment, you don't read about it much in the mainstream media because it's not really important like the latest celebrity gossip.

    If you know what you're doing there's bargains everywhere in agricultural land at the moment. Farmers all over the Western world are happy to sell off a few acres here and there to pay the bills because our economic system is upside down. Those who produce food for a 1000 people are cash poor (although asset rich) while lawyers who do nothing productive are rich.

    When the grocery shelf's are bare, people will happily trade '$100's' worth of silver for a loaf of bread, something I will be able to produce year after year.

    Also, if there is no hyper inflation and the economy surges to new heights and we all buy hover-cars and so on, land is still a sound long term investment. It has real value (food) not linked to social trends (Suburban real estate). You can rent farmland out much like real estate, but don't expect yearly returns of 15%! Closer to 5% would be an excellent return. Usually you can rent to the farmer who sold you the land. Of course you always have the option of selling the land or getting it re-zoned and so on.

    As long as people keep eating food and they don't start producing more land, your investment is pretty damn sound.

    Follow the smart people, at the moment that's the Chinese. They're buying up farm land all over the Western world (Plus the rest of the world), they think land's a bargain. Two huge dairy properties near me just got bought up by Chinese firms, close to 15,000 acres. All the milk will be processed into powder on site and shipped directly to China. Interesting times ahead.

    I'm trying to start small, several acres of land with deep blanket peat soils for several grand, mid sized long term tenant farmers looking for some quick cash.

    And then we'll go too far and farm land will bubble.

  21. Speed Up Your Fastlane Process! MJ Recommends The Following Books...

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