boumalo
Legendary
 Offline
Activity: 1904
Merit: 1018
|
 |
April 08, 2014, 08:04:27 PM |
|
Economic collapse worse than the great depression as many predict. Sure, the most valuable assets will be food, fuel, ammo, and crypto.  not crypto ammo yes, lots of ammo if u don't have guns ur in trouble In a true zombie apocalypse scenario I would go for vodka and fuel. As someone who's seen the collapse of the USSR, vodka is the way to go. Maybe whiskey, to account for local traditions  Guns are only required for those who already have lots of whiskey and fuel, to protect those - or if you are planning to go on the offensive. It can collapse with riots and martial law without having a total collapse of the society Seems like those predicting the collapse of anything, are pretty much always wrong.
As I recall, Obama was supposed to "destroy america" in his first term. When he didn't he surely was "free to destroy america" in his second term because of structural changes in govt.
He didn't.
I told everyone before he got elected that we'd be alive and well after both terms.
Life goes on. People are crazy.
-B-
In the 50's the average american had a life approximatively twice better than now if you disregard technology : 2cars, few loans, owning house, usually the man was working and paying for college wasn't a big deal |
|
|
|
|
|
|
|
|
|
|
Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
podyx
Legendary
Offline
Activity: 2338
Merit: 1035
|
|
April 08, 2014, 08:32:14 PM |
|
There will be laws for this in the future obviously |
|
|
|
|
freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
|
|
April 08, 2014, 08:36:28 PM |
|
Well if the economy is going to collapse throwing people under the bus while getting your assets out and claiming the system is secure in order to get out safely makes the most sense.
|
Believing in Bitcoins and it's ability to change the world
|
|
|
serenitys
Full Member
Offline
Activity: 126
Merit: 101
Be Here Now
|
|
April 09, 2014, 03:10:26 AM |
|
Watched a great documentary a month or so back called Inside Job - check that out, particularly if you're in the US. There are a number of places online you can watch it free.
It was an eye opener for sure to see the whole issue dissected so closely...since we can't line them all up on wall street and just assassinate them, the next best thing is to bankrupt them and force the value of what they covet to zero.
Bitcoin is a huge weapon to make it happen.
|
You say "anti government" like that's a bad thing...
Unfortunate times will bring out the best in good people and the worst in bad people
|
|
|
Bit_Happy
Legendary
Offline
Activity: 2100
Merit: 1040
A Great Time to Start Something!
|
|
April 09, 2014, 03:28:37 AM |
|
Watched a great documentary a month or so back called Inside Job - check that out, particularly if you're in the US. There are a number of places online you can watch it free.
It was an eye opener for sure to see the whole issue dissected so closely...since we can't line them all up on wall street and just assassinate them, the next best thing is to bankrupt them and force the value of what they covet to zero.
Bitcoin is a huge weapon to make it happen.
Property and Gold are not "going to zero", so many/most wealthy people will survive pretty well. Sadly, many innocent people will be hurt badly when the economy goes down. |
|
|
|
serenitys
Full Member
Offline
Activity: 126
Merit: 101
Be Here Now
|
|
April 09, 2014, 04:24:44 AM |
|
Absolutely
|
You say "anti government" like that's a bad thing...
Unfortunate times will bring out the best in good people and the worst in bad people
|
|
|
zimmah
Legendary
Offline
Activity: 1106
Merit: 1005
|
|
April 09, 2014, 08:38:27 AM |
|
Just because someone is an author and a CEO does NOT mean he knows what he is talking about. They have been expecting inflation to go through the roof ever since QE started. The US inflation is around 2.5% annual and shows no sign of going up any time soon. Peter Schiff may be a smart guy but he is clearly wrong. Yes, the US economy will hit a rough patch here and there. Economy goes through cycles, up and down, repeat, rinse and cycle again. So, I guess he will be right half the time, like anyone else.
US inflation is a disaster waiting to happen. Just like the housing bubble took a while before it hit, inflation will hit. It's not even a question if it will hit, the real question is when will it hit? No matter what you do to prepare, make sure you have something to fall back on when dollars and other fiat are worthless. Food, shelter, farmland, diesel, weapons, tobacco, liquor, coffee, tea, chocolate, sugar, gold, silver, bitcoin are all better investments than dollars. |
|
|
|
|
boumalo
Legendary
Offline
Activity: 1904
Merit: 1018
|
|
April 09, 2014, 01:38:16 PM |
|
Just because someone is an author and a CEO does NOT mean he knows what he is talking about. They have been expecting inflation to go through the roof ever since QE started. The US inflation is around 2.5% annual and shows no sign of going up any time soon. Peter Schiff may be a smart guy but he is clearly wrong. Yes, the US economy will hit a rough patch here and there. Economy goes through cycles, up and down, repeat, rinse and cycle again. So, I guess he will be right half the time, like anyone else.
US inflation is a disaster waiting to happen. Just like the housing bubble took a while before it hit, inflation will hit. It's not even a question if it will hit, the real question is when will it hit? No matter what you do to prepare, make sure you have something to fall back on when dollars and other fiat are worthless. Food, shelter, farmland, diesel, weapons, tobacco, liquor, coffee, tea, chocolate, sugar, gold, silver, bitcoin are all better investments than dollars. It is nice to see that most of the community is aware of what is going to hit us I feel for all the nice people that are not going to be prepared at all, I hope they won't draw the wrong conclusions Those who predict what will happen say it is because the state is rigging the economy, when the crash will happen the state will say we need more state bc that is always its only response to everything : control |
|
|
|
|
