Preparedness for when

NewShadow

I don't know if everyone else has seen this:

http://www.bbc.co.uk/news/video_and_audio/features/uk-politics-eu-referendum-35641263/35641263

It's the highlights of the 1975 campaign.

It was very interesting/amusing to see the similarities thus far... almost as if were living in a remake of an old film. Minor plot points being changed for a modern audience.

Frugalsod

GreyQueen wrote: »

If the country does vote for a Brexit, you can be sure that the EU will try to make the process as difficult and expensive as possible. To punish a country which dared pick up its ball and go home, and as an example to other countries whose citizens might be thinking that they'd like the opportunity to vote likewise.

Frugalsod, there has never been gold confiscation that I am aware of other than in the former soviet block, where being caught in possession of gold coins would have seen you in a labour camp. Even the infamous incidence of the USA's Executive Order 6102 required the citizenry to deliver their gold to the government, who bought it at the market rate before putting up the price sharply. http://www.presidency.ucsb.edu/ws/index.php?pid=14611

It wasn't a confiscation in the sense that anyone went looking for it, and stole it, it relied on people being gullible enough to hand it over. Frankly, if you're daft enough to sell your valuables to the government, you're probably too daft to be trusted to hold precious metals, and too daft to be on a prepping thread.

The US confiscation was really a devaluation of the dollar against gold as it was gold backed then. This time I do not see it being confiscated unless it is to rebuild the Fed or Bank of Englands coffers as they leased it to the bullion banks who sold it and are unable to afford to buy it back. That is very possible, but I think it will mean we will have significant problems when our trading partners have discovered that the gold they thought that owned at the Bank of England is gone and the current holders are unwilling to sell it back.

daz278

not much is being mentioned of the fact.......that a brexit may cause another scottish referendum....that seems a real consequence

Frugalsod

daz278 wrote: »

not much is being mentioned of the fact.......that a brexit may cause another scottish referendum....that seems a real consequence

Maybe they will get it right this time?

armyknife

GreyQueen wrote: »

If the country does vote for a Brexit, you can be sure that the EU will try to make the process as difficult and expensive as possible. To punish a country which dared pick up its ball and go home, and as an example to other countries whose citizens might be thinking that they'd like the opportunity to vote likewise.

......

GeQu, I don't see that as inevitable at all, you know it's quite possible for states to act in, like a neighbourly way toward each other :gasp:

Don't let the behaviour of your immediate neighbours 'cloud' your view of how mature states might act.



Awaits the usual crowd to chime on about Greece.

armyknife

Gold seems like a losing or loser's bet; it's the people setting the odds, be they dealers working the market or those hyping it on preppers websites/forums who coin it in.

COOLTRIKERCHICK

With the government wanting to phase out coal fuelled power stations within the next 10 years, do you think this will have a huge effect on households that have coal central heating?? Re price and availability as the open casts will be moth balled ??

We have coal fire central heating, but over the years the price of coal has gone up and up..so we burn as much wood as we can.
15-20 years ago we could get 3 bags of coal from the garage for £10, now one bag costs £9.50!!

We only use coal now if it's a very cold snap, and we want to keep the fire going all night etc

NewShadow

Hmm.... My dad pointed out something interesting today.

My Nan (MSRIP) was born in Ireland. She was Southern Irish. Therefore, technically a native of an EU country.

As she was my nan, I can apply for duel nationality. Costs about £400 (Why I've not done it yet).

Loads of people are currently applying to become duel EU/British nationals so they can stay in the country if we leave the EU.

Do you think it's worth me starting to save for my green passport - so I get free travel/residence rights? Or would that really be 'worst case scenario'?

My 'Normal' passport is due to run out mid-2018.

NewShadow

COOLTRIKERCHICK wrote: »

With the government wanting to phase out coal fuelled power stations within the next 10 years, do you think this will have a huge effect on households that have coal central heating?? Re price and availability as the open casts will be moth balled ??

We have coal fire central heating, but over the years the price of coal has gone up and up..so we burn as much wood as we can.
15-20 years ago we could get 3 bags of coal from the garage for £10, now one bag costs £9.50!!

We only use coal now if it's a very cold snap, and we want to keep the fire going all night etc

What mix of coal to anthracite do you use? It's not used for power plants anyway, plus you need less of it for the same heat. You do need coal if you want to 'bank' it though.

As a 'radical' option (which I expect MTSTM to like) dried cow pats and horse apples burn remarkably well. You could go wandering in the summer and stock up?

Frugalsod

armyknife wrote: »

Gold seems like a losing or loser's bet; it's the people setting the odds, be they dealers working the market or those hyping it on preppers websites/forums who coin it in.

I have to agree with you. There are loads of Youtube channels promoting gold and silver and especially as part of prepping. Personally I do not see it as being manipulated as they do. I see it as a commodity which like oil iron and copper are plummeting in value. I suspect that this is just like a Ponzi scheme where they need a constant flow of new subscribers buying gold to keep the original investors solvent.

This is why it is not high in my list of priorities. I want to be debt free, then have a sizeable cash stash at home for possible bail-ins and day to day emergencies, but I am not rich enough to worry about gold long term. So my priority re prepping once debt free is camping equipment incase of long term evacuation or bugging out, though my main use is for travelling and cheap holidays. Then long term food storage via a freeze drier rather than a dehydrator. Which is long term very cheap to maintain large stocks of food. If I can get 7 years supply of food I think I will have enough to get me through any economic crisis.

I still think the real risk is deflation. The Chinese have expanded their production capacity so significantly that the price of goods is more likely to fall than rise, which is very deflationary. Most of those promoting gold also follow Austrian economics which has predicted hyper-inflation by now. They are looking very foolish now. Also if the credit bubble implodes like I expect then the so called "Keynesian" but really are neoclassical economists that run central bank policy will struggle to understand the problem. So while I do see problems ahead the vast majority of economists are looking at the wrong problems and the wrong solutions. So we can expect a long depression just like Japan. I said elsewhere 7 years ago that we are facing 25 plus years of stagnation, with serious risks of civil wars and civil unrest. I said this all before the Arab spring. Additionally I said that France and Deutsche Bank were in trouble but it has taken a long time for the papered over cracks to be exposed again. It is only a matter of time.

That is why I am preparing for deflation and the consequences. Our government has no idea what they are doing so expect civil unrest eventually. They are just fumbling along. So keep your eyes and ears open for a "Let them eat cake" comment. It is like the comments from so called experts that negative interest rates will make us spend more, and everywhere it is being used savings are increasing because people are more fearful of the future and when that happens people save.

Once gold is below £500 an ounce I will think about starting to buy and it could even fall lower, but over time any purchases will average out.