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drakahn (OP)
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August 10, 2012, 06:34:34 AM |
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TL;DR = Don't store money in banks, buy "Things" that store value.
There isn't enough value in the world to pay back all of the debt in the world, and debt is added faster than value.
The imaginary currency the world is addicted to now can only end badly, and the longer it is allowed to go on the more people it is bad for. If you have savings, it should not be in any government currency, history shows that, put it in to things, things will always be worth something.
Gold(real gold, not bonds or certificates, other rare/used metals as well, they tend to adjust for inflation so should stay close to the same value (more money))
Self sufficient technology (things that make things, generators, hydro gardens, normal gardens, water tanks, water purifiers, solar/wind power, food preservers, even 'normal' tools, etc.), the 'thing' itself will go down in value, but the 'things' it makes won't, also covers you in case of world going to shit
Seeds (if the world goes to shit, food will be worth more than gold, and seeds make food, if the world doesn't go to shit, your seeds will be worth close to the same as they are now, and making your own food would work out cheaper and healthier in the long run),
If you must store money, use a credit union, not a bank, storing cash means losing value over time, at least interest partly accounts for inflation (Australia has had an average of 5.6%/year inflation since 1966, 2.9% since 2001)
Security - against thieves, (including the government), store the things in safes (plural, one safe means losing everything at once if you lose that safe), keep things the government would steal separate (gold, cash, probably even the seeds, anything they could claim they needed for the good of the country that would hurt you to lose) - this one isn't really going to increase in value or anything, but if it does its job once its paid for itself...
Art - The right art tends to always have a market, so works as savings, in a perfect world the only thing worth "money" would be art and unique creations, instead of money ending, it just becomes frivolous, one vision is because robots do every job so how can people make money? - the problem I see with this is if robots do every job, the people that own the robots would have no use for billions of people sucking up resources... so it would probably end badly, still, having art could end up being a way to get a foot in the door to the robot owners "not being slaughtered" club
If you are feeling adventurous bitcoins will exist for as long as the internet and are deflationary. so as government money is made to be worth less (worthless) bitcoins are worth more, I say adventurous because they are only three and a half years old and it is a very young economy, my prediction is that they will be worth many times more in the future, but I’m not a psychic... you can also keep your bitcoins on a usb stick or in a physical form (the key printed on paper/metal/etc.) in a safe, done properly those coins will be there until you want them).
Bitcoins are better than money for a few reasons, there is no one in charge, the rules on currency creation were set at the beginning and can't be changed, there will only ever be 21 million of them (infinitely divisible). Fee's are set by the “miners” and currently at 0.0005btc ($0.0055) per average transaction. They can be “mined” that is, currency creation is done by the people that secure the network, by pointing your hardware (ATI graphics cards or specialist hardware) at the network it performs maths that verify the transactions on the network are real and that the coins being spent are owned by the person spending them, once verified you build a block (like a page in a ledger) and get paid some 'new' coins for the service, This can be seen as paying for bitcoins with electricity instead of money.
A note on the internet, the internet will exist through everything, if the government blocks it we will rebuild it, see Egypt, if the government filters it we will unlock it, see TOR, if the world goes to shit and all the isp's close down, we (well whoever planned and has electricity and wifi equipment) will build a worldwide wireless meshnet and enjoy free unfiltered "internet"(well, meshnet, but still)...we should do this now anyway...
A note on me, I am not a writer, psychic or an economic adviser, this is a rant based on my hatred of money and my feelings, if you have any information that shows I am wrong I would love to hear it.
... I started this on facebook, it got kind of long and got to bitcoin, I also finished four drinks before getting to the bitcoin part - >.> does it make sense? and ring true? anything I should add to it?
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