19 votes

Most Sense What's Coming; But What Are You Actually Doing to Prepare? Lifestyle, Investments, etc. Whats Your Next Move?

I realize it's a broad question, and the answers are many. But that's precisely the point of this post. I want to crowd-source from those most aware (the liberty movement, of course), who have varied expertise, to get a better sense of things... but more precisely and particularly than from reading up on current events. I want to hear from the real boots on the ground: all of you.

I imagine this post as a conversation I'd have with any and/or all of you over a beer and a fire, and it would be a good time.

)edited_

In any case, I'm very interested to hear from any of you who have specific expectations upon which you are basing next moves. Whether they be investments, political activity (I know many of you are getting involved locally, which is awesome), or even career choices; I want to know what you are doing to bring your life in line with your libertarian values and economic expectations... because that is something that weighs on me every day, and hearing from those who likewise consider these matters in a similar vein can be very illuminating.

Any thoughts would be much appreciated. Cheers,




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Get the people around you involved.

Maybe start by renting a canning machine from a local LDS Homestore along with some bulk dry foods and have neighbors over for a canning party. If your neighbors have not been thinking along these lines this is a great way to introduce them and get them thinking. Once you get them considering, add the next idea. Make yourself a resource in your community. Nice thing is, this can have an impact no matter where you live.

If the people around you have their own stores they will not be coming for yours. Don't cherry pick, get as many involved as you can. If you can become a resource in your community, your community may even want to protect that resource. Frankly, when the SHTF I want as many people looking out for my kids as possible.

Link - http://providentliving.org/self-reliance/food-storage/home-s...

Four things

Four simple things are needed to survive the coming doom. Gold, silver, guns and ammo. Everything else can be bartered for, shot or stolen. ;)

Live Free or Die Trying

Food and water?

Alternative sources of electricity and fuel?

The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself.
Friedrich Nietzsche

stolen? shot? I sure hope

stolen? shot? I sure hope that people here on the daily paul are not considering stealing or shooting people for their preps.

Hunkered down in a small town , that has

some actual industry and manufacturing , Amish are close by & everybody hunts, fishes , farms.

I have stock piled glass windows for making a Greenhouse in the spring

Looking to purchase a ammo reloader-Thanks Mike for the tip

Finishing up for my carry permit

Have a large well established organic garden

Stock piling wood for the stoves

Been stock piling heirloom seeds - people fight over my veggie plants in the spring

Small Barn Built for Chickens & Rabbits - Property is now all fenced , I currently barter for my meat chickens , eggs , pork , turkeys , and grass feed beef, But will probably change & raise my own here in the spring. Only problem is my wife will try and make them all pets.

The small towns in my area are all the same , fierce staunch Patriots , but peaceful, law abiding folk, and armed to the hilt - Warriors the lot.

Anxious to get the GreenHouse up as I will configure it so that I can grow in the off season Via Geo Thermal & Solar

I favor small silver coin , Quality tools - power & hand , Craigs List is still a good source for A-Z. I am still trying to buy a natural gas house generator , but they are few and far between and sell fast

Maybe I'll construct a still and make moonshine, my beer making was a fiasco , even my kids wouldn't drink it.

"You Cannot Stop An Idea Whose Time Has Come"

Doesn't getting the carry permit just get your name on a list?

?

The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself.
Friedrich Nietzsche

Here in Wyoming,

everyone can concealed carry without a permit, as long as they are not a felon, or in a federal building. And now the legislature here are trying to make it legal for teachers to carry in schools.

A few things I'm working on

1. getting everyone in the family a passport. You need one to get out. I don't plan to leave but if it gets too dangerous I will send my wife and kids somewhere safe.

2. searching for acreage to begin a farming operation this year. I want to be a safe distance from population centers. Those will collapse first. I plan to build it into as self sufficient as possible. Water well, septic system, solar power, large enough garden, chickens for eggs, maybe pigs or cows for meat. I don't really want to rely on government services at all and very few contracted services.

3. investing in gold, silver, and oil and gas wells for cash flow when jobs are gone. These will all rise (and fall) with inflation so to protect purchasing power.

4. As someone stated below I am also increasing my excercising program. Physical fitness is a must for many aspects of getting through rough times.

5. already schedule the concealed carry training. I think I will need to be continuously armed in the future.

with luck I won't need much of an income to sustain a comfortable lifestyle and the oil and gas income will be more than adequate.

I'm not an expert at any of these things but it is what I feel I need to do to plan ahead. I also think that most of these things will improve my quality of life whether or not we have a collapse.

.

deleted!
;)

"OH NO! He has a SON?" Neoconservatives and Liberals EVERYWHERE!

Rand Paul 2016

I invested in my education. I'm rooting for indefinite QE.

I imagine this will get me some downvotes, and I worry about society as a whole, but I went deep into debt to learn medicine (dentistry). The more worthless the dollar becomes, the less valuable my debt will be.

I followed Ron Paul's advice and learned a trade (though it was an expensive path).

**I will be offering fluoride free, mercury free dentistry to those interested. I will accept gold and silver as payment, and firearms will be welcome in my office. I'll probably practice in Ohio or New Hampshire.

It is encouraging to see someone looking to the future.

Friends have told me that the past is over, and the future is yet to come, so just live in the present. That might be good advice for my emotional life, except that knowing what is to come should substantially effect what I do now to prepare for it.

Sales people see success as increased sales at any cost. Engineers see quality production as a goal, often disregarding cost. Accountants and financial people see profits and high returns on investments as success. I was a CPA before I retired, and I am influenced by my background to see the world in terms of profits and returns.

Back 400 years ago when the industrial age was just beginning, the world population was 3/4 of a billion people; today it is 7 billion. Human history is measured in hundreds of thousands of years, and it took all that time to reach that 3/4 of a billion population level, yet in 400 years it exploded to 7 billion. To say the last 400 years have been an extraordinary event is a gross understatement.

Extraction of stored energy, in the form of coal, oil, natural gas and uranium were and are clearly the driving force for the industrial age and its extraordinary output. More output has supported more people. But extracting this energy itself uses up energy. The growth in the amount of energy spent to acquire energy is the energy cost curve. For each source of energy, the cost curve shows compound growth, meaning that every year, more energy is expended to acquire what energy was acquired for less the year before. This is a reflection of the "low hanging fruit principle" which tells us miners go after the most profitable, easiest to find, easiest to extract deposits first and leave the rest for later. Only later is now. No longer is increasing total energy production compensating for the relentless increase in cost to acquire energy.

If you look at oil for example, in 1930, it took only the energy equivalent of 1% of a barrel of oil to acquire a barrel of oil; today it takes 11%. This is a cost growth rate of 3% or so, meaning that every 23.3 years the cost doubles. Nobody noticed at first when the cost went from 1% to 2% or even when it went from 2% to 4%, but this ugly fact is beginning to get notice. Oil company executives tell us that the era of cheap oil is over, but nobody seems to comprehend the implications. Over the next 23.3 years we will go from 11% cost to 22% cost and then from 22% cost to 44% cost by 2058. We are already feeling the reach back effect of the imminent end of the energy age.

One study I have seen tells us that once we exceed 11% oil extraction cost our society can no longer afford luxuries, advanced health care, or higher education. We are limited to the most basic necessities like shelter and food, and as the cost increases we must give up more and more. Wonder why higher education and advance health care are showing themselves to be less and less affordable?

When you hear we need to conserve, you are being told that there is not enough energy to go around, and you must give up something, supposedly something frivolous, but the reality is that conservation soon turns into deprivation, and deprivation soon turns into death. Look at France now requiring light be turned off at night, or Venezuela requiring electricity to be rationed so that alternatively one side of a street gets power which the other side "conserves". Of course the most government run societies will suffer earlier because of the disaster that government management brings.

My opinion is that we are at the end of the industrial age and must fall back to something that will work, at least for some of us. That something is what preceded the industrial age, the agricultural age, along with its ability to produce the necessities of life for 3/4 of a billion population or less. Considering that the easy to find non energy resources have already been substantially depleted compared to 400 years ago, I doubt that a new agricultural age could even support 3/4 of a billion.

This is not some far off in the future happening. We have hit the limit. We are in decline, and every decline has a rate of decline. If that rate of decline is 5%, then every 14 years industrial output will be cut in half, rinse and repeat. This is why the current economic malaise will not end, but accelerate. It isn't just about the fraudulent, unstable, unsustainable monetary system which creates a boom/bust cycle. That, along with government manipulation of the economy is only the proximate cause of our economic dilemma; the underlying cause is energy extraction cost increases, leaving less and less to fuel the industrial age.

Specifically, I think the best approach is to avoid dependence on the current system. Get out of population concentration areas that are dependent on import of resources from outside, i.e., get out of cities. Learn to grow, raise, and hunt your own food. Learn to live an independently as possible. Form alliances with your hillbilly neighbors. Make sure you can function without electricity, even if you temporarily use it. Become what many people believe is insane, a survivalist, but think in terms of long term survival, not just getting through a temporary crisis, because this won't be a temporary crisis.

Expect significant political upheaval (revolution, civil war), and considerable interpersonal violence as scarcity rules the day and the thin veneer of civility peals away to reveal the desperate to survive animal within each of us. If you can't deal with it, then plan on living a short life. Forget this insane political game played by people who compete to rule us; they will in due time find themselves meeting Madame Guillotine, either at the hands of an angry public or at the hands of competing rulers.

As for investments, I think the stock market is good for all of 2013. Gold and silver are dead until 2015, and interest rates should increase, although this is a danger area because the FED can manipulate interest rates, not indefinitely, but enough to screw up cyclical patterns. If someone wanted to risk a few thousand dollars that it wouldn't bother you to lose to try making a few million, use a low cost broker like eoptions and buy a few thousand February calls, like the Feb 77's on QQQ for a penny. Everyone knows they can't possibly pay off, but I think we are in for a very rapid run up in the stock market; highest risk, highest reward play I can think of, and which I have taken myself.

"Bend over and grab your ankles" should be etched in stone at the entrance to every government building and every government office.

Eoptions?

What does, "like the Feb 77's on QQQ for a penny" mean?

There are contracts called options. Call options make

money when the stock market goes up, while put options make money when the stock market goes down. Professional traders do most of the writing of these options because they can cover them by holing an underlying position which offsets their risk or have offsetting positions in options themselves. Mostly options are sucker trades for regular people, and don't make money, but occasionally they pay off big. The risk is huge and you can expect to lose if you buy them 99 times out of 100. I rarely buy them, but expect a huge jump in the stock market now.

QQQ is the stock symbol for the market index that tracks the NASDAQ 100 index. It is traded on a stock exchange. Speculators, hedgers, etc. buy and sell these options on exchanges. You can go to yahoo.com and select the finance section and get a quote for QQQ by putting that symbol in the "GET QUOTES" block, and then click on the options choice after the quote screen comes up to look at the options prices for various months. The quotes for options are per option, but each option is for 100 shares, so if the quote is .01 and you buy one contract it cost you $100 plus commissions and exchange fees. Eoption is an online brokerage firm with the cheapest options commissions which is why the strategy I suggested works with them; the commission and fees on 2,200 contracts for example cost $293.24 so you really pay $2,493.24 on that trade. Otherwise eoption is not the easiest online broker to deal with; it would take a week or more to open an account with them and get it funded, so it is probably impractical to do the trade with them unless you already have an account with them. Speculating is not for the faint of heart.

"Bend over and grab your ankles" should be etched in stone at the entrance to every government building and every government office.

Euro Pacific... mehh

I had an account with them, then I left. I got a broker that was a fool. He tried to tell me that the FED would not allow the gold price to rise and put me in a bunch of other crap, losing me quite a packet of money (2008). He was eventually fired. I was understandably not pleased. I had to take a penalty on a trade he made when I decided to leave EuroPac. I finally was able to talk to Peter about it, who is a reasonable and genuine man, and he offered to reimburse me if I stayed, but I had had it with his staff.

I like Peter, and I think he will be proven right over time, though his short-term calls have been off. I did not enjoy being his client though. The staff was not exactly helpful, and sometimes downright rude. They used to clear through NY Mellon which is one of those NYC banks as well... I think EuroPac was a good firm when it was smaller, but there's alot of people working there now, and the growth hasn't done many good things for customer service. They're also very into using the Perth mint, which seems kind of hinky to me. I don't want my money tied up in any government agency no matter how legit they seem to be.

If you have a good broker at EuroPac, you'll probably be fine, but they wouldn't be my first choice. If you had the funds, I'd look at Puplava or Sprott. If you just want to get some money out of the country, you could always do goldmoney.com or CMI gold silver. Both are good organizations.

Very interesting review,

Very interesting review, thanks number6. Did your broker actually manage your accounts (i.e. did he have discretionary authority over your accounts, which granted him the authority to make investment decisions for you without needing your input for each trade), or was he just aligned with you to provide you advice/guidance and then leave the ultimate decision in your hands as to whether or not to execute the trades he suggested?

Speaking as a former adviser, it is an important distinction worth noting.

correct, though misleading

You are correct, the brokers that work at EuroPac require client approval before trading. Though if a person is new to the gold space, and you go to a broker like that, you expect them to be in-line with Peter's overall thesis, to help you make smart decisions. You also go to a broker like EuroPac or Sprott because you think they will make good recommendations, and have expertise to guide you, that's why you hired them in the first place!

I'm with another broker now, that acts as independent agent, within a couple of sectors. They run option spreads for hedging when it seems appropriate, and they lightly trade with market conditions.

There was some other stuff that went on in my experience, but it's not constructive and doesn't help anyone to bring it up; water under the bridge. I like Peter, I just didn't have a great experience with his firm. As in anything, your mileage may vary.

Well........the awakening was

Well........the awakening was quite a shock and I experienced the "holy sh@t, I'm not prepared moment" several times over the years. I have come to the conclusion that yes, the world could end today ( ie... Economic collapse, solar flare, earth quake, nuclear war, food shortage, totalitarian government take over etc..), but I've also come to to the conclusion that these events may never happen in my life time, or at least the economic collapse and devaluation of our currency and martial law etc may take 1....3...5...10...heck maybe 20 more years. When I do read articles by Paul Craig Roberts, Bob Chapman RIP, Gerald Celente, Alex jones etc, they smack me upside the head and engage me in prepping at a faster pace. I'm very grateful that "it" hasn't happened yet, bc prepping is quite expensive and there is never enough one can do for all the scenarios that might occur. I do believe that something is going to happen and that we are nearing the end of the road or end game. So, with that said, I'll share what I have done and share my worries. I have stocked up on firearms, ammunition, 25 year food and 5 year food to the tune of maybe 5 months. I installed a well with both electric and hand crank pumps, I have stored 40 gallons of fuel, 3 propane tanks, batteries, a desalinator and am currently putting together a medicinal and first aid bag. Here's my problem. I live in a major city and think it's the last place I'll want to be. I'm probably not going to buy land somewhere in the boondocks, but it might be an option someday. My next purchase will probably be a bug out trailer and am pondering a home madewater still to desalinate salt water via fire. My other main concern is preservation of what wealth I have. If most of us believe what we are reading, actually it's quite easy to see, the economy, our dollar denominated assets and the US dollar are all in trouble. I do not trust real estate, I do trust gold and silver but am nervous at these prices ( and I have heard arguments both for and against at current prices ), I don't trust holding electronic dollars and even holding actual cash is difficult bc the purchasing power is less and less each year. The FED is essentially forcing us...me to stay in the stock market. Why? Well, it can be a taking care of the rich thing and/or it can be part of a grander scheme to destroy all of our wealth. With that said, I am still heavily invested in the market. Why? Because it is staying ahead of inflation, it outperformed gold this year and it beats leaving it in there as cash and watching it devalue. So..... I'm " riding the FED". But for how long? It's quite stressful not to know where to put your money. US farmland? Foreign currency? Gold and silver? Stocks that might perform well in a crash? I pose the question. Call it a 100,000....500,000...million. How would you diversify and WHEN?

"How would you diversify and

"How would you diversify and WHEN?"

My words should not be heeded as advice, as I'm no longer a practicing adviser and certainly would not act as one in an online forum (yes, that is a disclosure to CMA as regards industry regulations, etc)... Having said that, I'm happy to share my own thoughts on the matter.

Importantly, to me, much of the discussion involving investments is as much life philosophy as it is investment philosophy. In fact, I'd argue strongly that it's much more the former than the latter.

In that vein, to me, diversification is the Great Myth of investing. Wealth is not, and has never been, accumulated through diversification. Diversification may offer a decent way to protect your wealth while investing, but only AFTER you have accumulated it by savings or other investment means. But it is certainly not the means to wealth in itself.

On the contrary, wealth is accumulated by a combination of saving, and focusing on what you know best, and placing your betting chips accordingly. Steven Jobs didn't create his wealth by listening to a financial adviser, I promise you that; and neither has any other entrepreneur or great investor in history.

Thus, with the funds I have allocated to long-term investing, I do not seek to diversify. I seek the approval of my conscience above all else; and, knowing the risks of total loss (which exist no matter what, but are heightened with concentration), I place my chips. Let 'em ride, baby. You only get one shot at this thing called life, and anyway, paper currencies are fading fast.

Having said that, it is important, first and foremost, to distinguish what assets you actually seek to invest vs what you seek to protect (save). If you have already accumulated much, and seek to preserve, then perhaps apportioning some of your portfolio into physical silver/gold would be prudent. You don't need a big return, necessarily, on that which you have accumulated and seek to protect merely in terms of purchasing power for the long term. Just be sure you have enough in fiat liquidity for current expenditures, etc., and then you can safely convert a portion into that which maintains purchasing power more effectively than a piece of paper.

Then, for the portion that you seek to actually invest, do so by putting it into something you know well; whether that's an industry, or a business, or a region, based on your own economic expectations, interests, and life philosophy; it's entirely at your discretion and should not be dictated by prevailing conventional wisdom. We all know where that has led us.

Finally, maybe you might actually consider that conventional and overrated thing called diversification for another portion of your assets, however small or large you determine is appropriate. After all, this is more of a risk-mitigation strategy and is not without its merits. It will keep this portion of your assets from the headwinds you might otherwise experience in an investment that is concentrated on one company, sector, region, etc.

In any case, it's not a revelation to say that there is still no silver bullet. But these are some of my thoughts on investing. And as I've disclosed, most of my investable assets right now are in Asia ex-Japan... Certainly not a diversified strategy by any conventional standard.

That can and will change, as circumstances warrant in my life and as I deem appropriate. We all do the best we can with the one shot we've got.

Cheers.

Greatly appreciated.

I greatly appreciate your advice. I might have some follow up questions in the near future.

It's not coming.

If we don't let it happen.

It's already over...

Remember your Mises: "There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved."

- Ludwig von Mises

It's over, the bomb has already been dropped from the plane, and the FED can keep blowing at it to try to slow it's decent to the ground, but it will eventually and inevitably hit the ground. You do however have some level of control as to how much the impact will affect you, to a point. Build resilience, be anti-fragile (gold), and hope for some good luck.

Nobody better to appeal to as

Nobody better to appeal to as an authority on this particular issue than Mises; very nicely played. I don't think anyone disagrees; it's not a matter of if, only how and when.

If I may add to this post..Is anyone using Euro Pacific Capital

from Peter Shiff? I have some money with a financial adviser already, but all of it is in US dollars of course. Would like to have some put into something else that is not dollars. If anyone is using Euro Pacific and can share their experience, I would appreciate it.

see my post above:

I commented above on this topic.

This Land is Your Land, This Land is My Land

Fight or flee kicked in a long time ago and lasted for *years*. Its a process we each have to work through. I was fortunate to have the time to fully ponder both possibilities. There are plenty of good arguments for leaving and there are good arguments for staying. None of the arguments mattered. Its deeper than that. This is your land and my land. I belong to this land. Its in my blood and its part of me. I'll be damned if I'm going to run away and let a bunch of pirates *steal* the best place on Earth from us. I'm staying and have planned accordingly. Get into shape and remain in shape. Health is more important than any other *individual* consideration. Aside from, get together with like minded people. Don't allow yourself to remain alone if you are alone.

Flight doesn't seem to be an option anymore...

TSA/HS are telling guys who expatriated years ago and became citizens of foreign countries that they will ALWAYS be american citizens and will not be allowed to travel the the u.s without an american passport...FACT.

"Necessity is the plea for every infringement of human freedom. It is argument of tyrants. It is the creed of slaves." William Pitt in the House of Commons November 18, 1783
"I have one word for you...predator drones. Oh, you think I'm kidding?" Obombya

Well said. Especially like

Well said.

Especially like your advice to get in shape and stay in shape, something I would echo. Fitness is underestimated; a healthy body contributes to a healthy mind.

food . . .

storeable, bulk--

I can't do anything for anyone else, though--

it's a tough one--

it's hard to be awake; it's easier to dream--

Try to get folks to think

Hopefully different where you are but here most people have no sense at all of what is coming or preparing for even minimal disruption. For example, when I asked neighbors about water storage(where we are no power means no water)they acted as if I was a nutjob who needed more medication. For even thinking about the most obvious basic necessity!! In spite of just being subjected to Hurricane Sandy!!

So the best thing might be to try and open as many eyes as possible, get people to at least consider their situation, because if everyone is so totally unprepared, we are all going to burn.

And ultimately realize that if this is the response you get, you need different neighbors.