Snide is my middle name....

Anyway, Keynesians in general have been thorougly repudiated by reality. That sort of economics might work in a feudal system or even a quasi-feudal one, but in a free market system?

Um..not so much.

Good to see that you are approaching things the way you are. If that works for you, good.

As for the Libertarians, they are fine as far as some things go, but for many other they are hopelessly out of it. It's simply NOT 1785 anymore. We can't ALL live on a small farm or at most make silver candlesticks in our small cottage foundary. Some of us have to say, be bankers, or teachers, doctors and lawyers.

Also, in 1785, our population was what, 10 million? It's...grown since then. You remind me of an "anarchist" I once knew who said that he only wanted to be "given" (at least you undestand you need to buy it) 5 acres of prime bottom land and a mule and he'd just be able to drop off the grid.

Hmm...I don't recall the exact numbers, but 300-350 million people divided into all the good bottom land in the country was something like 3 sq. ft. each.

I suppose he could put in a nice little herb patch, but where would he keep the mule?

It's a nice approach(yours, not the above moron) for any individual, but coming into a forum like this and howling as how EVERYONE should do the same is not only pretty bigoted, but also wildly impractical.

Most Americans have no desire for a patch of dirt they can build on and farm themselves (and of those who do, probably 90% would change their mind after doing it for oh, 20 minutes or so). And most have no ability to build their own house to begin with. Kudos to you if you do, and I can understand the fairly natural tendency to look down your nose at those who cannot.

But reality is reality. You may be able to fell trees, mill them into lumber and build your own house but most of us cannot do that (I'm way too old to even contimplate it) and have no desire to do it, so we HIRE others to build for us.

While it's laudable to save every penny until you are able to do that, it's also necessary to live in a place where that's likely to happen. Where I live, a 5 acre lot will cost you close to a million bucks. Now, you can go out some miles and pay $40-50k for 5 acres...and then a couple of hundred thousand for power, sewer, water, etc...digging new wells here is a very cost-prohibitive activity IF you find a place where it's permitted at all). Or yes, you can do propane and septic (the well problem is a problem still, tho).

So if you live in a place where none of these things are concerns, or if you have the savings to to overcome these problems, again, kudos, but to expect that every American would be the same is, as I said, a bit bigoted and more than a little snarky.

Tokie

I still have not gotten a satisfactory answer to what the title of this thread refers to.

Satv is saying the dollar has been "crashing" since Jekle Island....so, does that mean it will bottom out next week, next year...in 40 years? 100? 250?

I'd like a bit of head's up.

Tokie

Can not predict the exact time. But you can take a look at projected wages and projected inflation. It take roughly 18 more years of the current Governmental handling of our monetary policy for a complete collapse. Variations for the better or worse would prolong or speed up that process.

You can snark all you like about gold and silver notes. The truth is the Federal Reserve backed Silver Certificates up till the late 60s, and Silver is still legal tender.

And I have no intentions of farming land. I intend on building a house in a secluded wooded area to live out my life away from the city. On property, that I can hopefully attain an allodial title on.

The later being the hardest part to do.

But I can not get a serious criticism of Gold and Silver Standards from you. There is enough Silver and Gold in the hands of the United States Government to back all of our money. The only problems the Federal Reserve had with it, is they did not regulate the value of Silver and Gold so people where trading in silver notes for coins and melting the coins down into bullion bars.

If you want to growl at me about this start a new thread about commodity backed money.

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"It is the Right of the People to alter or abolish the Government"
Declaration of Independence
"Never trouble another for what you can do for yourself."
Thomas Jefferson
"If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand."
Milton Friedman

Where in the World did you hear that? The numbers I have heard say we are like 10-20% in gold, and silver, compared to the paper the Fed is printing.

>>>The dollar has gone up AND down many times since the Federal Reserve took over. Nah, the real reason the dollar is crashing is because our credit rating is crashing. That's what happens when you make promises not to raise taxes to pay your bills and, instead, borrow to pay your bills. As my dear old granny used to tell me, "when you have to borrow to pay your bills, you're broke." Fuckin' Bush.

Satv365, thanks for sharing this story with us here at AWE. Unfortunately, a few court jesters here on this forum want to attempt to nullify what you have to say.

Like you, I have been trying to prepare and position myself financially for the coming recession and the continuous shrinking U.S. dollar. I am out of debt, and have pulled my money out of the stock market and 401k's; and invested in high yielding CD's and money market accounts. I have accounts with several credit unions who had the foresight not to get involved in sub-prime loans and appear to be quite solvent.

You seem to be fairly astute with making money work for you, do you have any advice for me on how I can diversify even more? Any help/advice you can provide will be greatly appreciated. Thanks.

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AMERICA LAND OF THE FREE HOME OF THE BRAVE--BECAUSE OF OUR CONSTITUTION.

So GWB was the one who told you to live off credit cards, and buy a house you cant afford?

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I love to relax by shooting cans.........AfriCANS, MexiCANS, Puerto RiCANS.................

The Dollar is in big trouble. I dont care what party you affiliate yourself with. It's the truth. We are living in a dollar store economy. Ever go to a middle class town's shopping district and find that all of the stores are closing down only to have a dollar store take it's place? Thats because thats whats left in peoples wallet after they pay all of their bills. a hand full of dollars.

My wife was in Brasil for all of those currency changes. She said that the banks frozed everyones assets until the change over was completed. Anyone with money in the bank got fucked.

Anyway...........I'm sure that Rush Limbaugh has some sort of theory that will reveal this situation as a positive thing .

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I saw the American Military do the same thing in Vietnam on 2-3 occasions. EVERYTHING was locked down, and after 1-2 days ALL the MPC ( Military Payment Certificates, money) that were not exchanged for the new style were worthless. So YES. America has done this before/can do this again........... That's why I have a safety deposit box of gold Swiss Francs, gold French Francs, and a few Krugerrands.

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I love to relax by shooting cans.........AfriCANS, MexiCANS, Puerto RiCANS.................

Back in 1999 one American Dollar was exchanged for almost 6 Real (Brasillian currency) as of today one Americana Dollar gets an exchange of $R1.75 (Real).

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