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Author Topic: How are you for Preparing Aug 12 if the Market Collaps  (Read 4003 times)
Possum
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July 28, 2011, 09:33:02 AM
 #1

Hi

How will  you survive if the US Dollar causes the Markets to crash on Aug 2nd..

How will you keep your money safe.. if the Dollar experiences runaway inflation

Thank you..
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ableorange
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All things bitcoin


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July 28, 2011, 09:41:50 AM
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Bitcoin!
Possum
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July 28, 2011, 09:43:23 AM
 #3

Good answer..  Smiley
bitdragon
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July 28, 2011, 09:52:56 AM
 #4

It's a good answer and the easiest to act on, despite the hoops needed to fund your exchange accounts.
Otherwise, it is put options, reverse trackers on indices, oil etc.
& Income producing investments.

I spread myself over these three options and need to put more focus on income producing investments now.

Especially, invest your time in what you enjoy and desire.

Grouver (BtcBalance)
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July 28, 2011, 09:55:05 AM
 #5

They will probably find a way to raise the debt ceiling.
Again... -,-

Since this huge amounts of debt are build in the system there is no other way then creating more money to solve the problem temporally.
But at the end it will create more debt, its kinda like the chicken and egg story.

But eventually the debt will win and the dollar will crash.
Is this is on 2 August 2011? ... no I don't think so, I do not believe this.

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July 28, 2011, 10:05:06 AM
 #6

How will you keep your money safe..
Buy goods, yachts, sports cars, paintings, land, jewellery and watches....before the dollar crashes.

I will sign you up anonymously at realitykings.com (http://rk.com)[NSFW] for Bitcoins with 20% discount!
http://timmey.orgfree.com/s.php
read all details in this thread (https://bitcointalk.org/index.php?topic=3242Cool
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July 28, 2011, 05:38:16 PM
 #7

Quote
Buy goods, yachts, sports cars, paintings, land, jewellery and watches....before the dollar crashes.

Or Maybe Silver
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July 28, 2011, 05:47:05 PM
 #8

You mean August 2nd...

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CurbsideProphet
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July 28, 2011, 07:20:11 PM
 #9

Hi

How will  you survive if the US Dollar causes the Markets to crash on Aug 2nd..

How will you keep your money safe.. if the Dollar experiences runaway inflation

Thank you..

The US dollar will not cause a market crash.  A default on or a downgrade to US debt is what may cause a collapse.  Absolute worse case scenario is a default situation where interest is not paid on Treasuries.  Odds of this happening are very VERY small.  Even without an increase in the debt ceiling.  A downgrade is much more plausible.  A raise in the debt ceiling has a fairly good chance of happening.  It would be a self-inflicted wound to do otherwise.  However, S&P says they need to see cuts of $4 trillion over the next 10 years in addition to the debt ceiling being raised in order to prevent a downgrade.  This may be harder to achieve as both plans in debate do not cut to this magnitude.

How do you protect yourself in a market crash?  Keep your money out of the market.  How do you make money in a market crash?  Short the market, buy gold, buy treasuries, maybe even play the VIX.

As for inflation, I see no signs of "runaway" inflation at this time.  In the end, I think Congress and Obama will just kick the can down the road. 

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July 28, 2011, 08:48:31 PM
 #10

Even if debt ceiling is not raised by Aug 2, US will NOT default.
Don't believe everything the politicians and the media says. Rather, do ur own research and you will find out all this default thing is just a game.

Trading MtGox USD for Dwolla/ACH deposit/Chase cash deposit
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LeonGeeste
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July 28, 2011, 08:52:20 PM
 #11

How will you keep your money safe..
Buy goods, yachts, sports cars, paintings, land, jewellery and watches....before the dollar crashes.

Some of those work, but highly-visible, bulky things are not going to be safe.  If they're not outright seized, they'll be taxed to death ... and they know you have them.

Best option is gold coins ... easy to conceal, and easy to redeem for its previous purchasing power when the shizzle hits the fan.
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July 28, 2011, 08:54:01 PM
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Even if debt ceiling is not raised by Aug 2, US will NOT default.

it will default on securities (or alternatively, not pay on other expenditures) coming due from that point until an agreement is reached.

while this is not nearly as dire as the media is screaming, it's not a good idea and would result in higher bond rates and thus more money paid to interest.
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July 28, 2011, 10:10:06 PM
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There is a mind-boggling amount of notional value in derivatives.  It would not surprise me if something much less than a downgrade or limited default triggered some issues here, and I would be surprised if either of these two events did not.

There is an argument that the _net_ value is not high, but it can also be pointed out that as counter-parties go poof, net value approaches notional value.  (Explains 'to big to fail' in my mind.)

Now, in the event of a derivatives related crisis there might be some short term relief by changing accounting rules (again) and redefining or re-interpreting various things, but I would not bet on these to have any lasting effectiveness...if much effectiveness at all.

Like the Lehman deal, there are probably a lot of not generally considered issues which could pop to the surface if the near-boiling pot is disturbed.  Here's an interesting vid for those who may not have seen it.

  http://www.deepcapture.com/naked-short-selling-redefining-systemic-risk/

---

But to your question, I have a friend who does the following:

 - gold bullion
 - property
 - junk silver
 - USD in several bank accounts and some in safe deposit boxes.
 - bitcoin

He does not have any other financial instruments as he feels it unlikely that a functional legal system will be around to assist him in collecting his assets in a scenario where he would actually need them.  A functional legal system is likely to exist...it's just that it will not be his interests which are high on it's priorities.

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July 29, 2011, 12:13:14 AM
 #14

Always good to prepare for a rainy day Cool
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July 30, 2011, 12:41:57 AM
 #15

I'm starting to buy a lot of stocks that have dropped a lot in the past couple of weeks.  Also shorting gold.

Prepare to lose a lot of money, libertarian suckers Cheesy
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July 30, 2011, 12:46:22 AM
 #16

I'm starting to buy a lot of stocks that have dropped a lot in the past couple of weeks.  Also shorting gold.

Prepare to lose a lot of money, libertarian suckers Cheesy

Socialist in my particular case.  See you on the other side.

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July 30, 2011, 12:55:24 AM
 #17

Like the Lehman deal, there are probably a lot of not generally considered issues which could pop to the surface if the near-boiling pot is disturbed.  Here's an interesting vid for those who may not have seen it.
Indeed. There are a lot of things that could go wrong if the fragile balance of the global economy is even disturbed a bit. Just like with the Lehman case it is all too entangled to be able to say anything for sure. One default might cause a global domino effect.

The only thing sure is that it is not possible to keep kicking the can down the road forever, and because everyone realizes this, I somehow don't think it will take long.

Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through FileBackup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts.
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July 30, 2011, 02:43:33 PM
 #18

How will you keep your money safe..
Buy goods, yachts, sports cars, paintings, land, jewellery and watches....before the dollar crashes.

Some of those work, but highly-visible, bulky things are not going to be safe.  If they're not outright seized, they'll be taxed to death ... and they know you have them.

Best option is gold coins ... easy to conceal, and easy to redeem for its previous purchasing power when the shizzle hits the fan.

until private possession of gold is going to get forbidden again!
tvbcof
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July 30, 2011, 06:03:30 PM
 #19

How will you keep your money safe..
Buy goods, yachts, sports cars, paintings, land, jewellery and watches....before the dollar crashes.

Some of those work, but highly-visible, bulky things are not going to be safe.  If they're not outright seized, they'll be taxed to death ... and they know you have them.

Best option is gold coins ... easy to conceal, and easy to redeem for its previous purchasing power when the shizzle hits the fan.

until private possession of gold is going to get forbidden again!

Not sure about being forbidden.  Even 'registration' may prove problematic as a lionshare of it is likely held by a class of citizens who would not care much for that.  What I do think is fairly likely is that movements of PMs would probably be scrutinized, controlled, and taxed.  And capital controls will keep it in the borders (or at least the fraction of it which is in the hands of the plebs.)

But how on earth would that be achieved?  I think the infrastructure is being put in place for a while now:

http://www.popsci.com/technology/article/2010-11/scanners-coming-trains-subways-and-boats-homeland-security-chief-says


LeonGeeste
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July 31, 2011, 05:40:08 PM
 #20

Some of those work, but highly-visible, bulky things are not going to be safe.  If they're not outright seized, they'll be taxed to death ... and they know you have them.

Best option is gold coins ... easy to conceal, and easy to redeem for its previous purchasing power when the shizzle hits the fan.

until private possession of gold is going to get forbidden again!

That's a risk, but gold is far more resilient against that threat than the other options.  How easy is it for the government to track illegal drug holdings vs. "illegal home holdings"?  No, they can ban it, but you can still cash in the gold as easily as you can find your next fix.
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