paintismotion

How to Preserve Wealth in a Socialist Economy

of course in the future governments may be increasingly socialist anyway to the point no one can own arable land and the government operates it for the good of the nation. if that happens the question and quick answer (i hope not) might be the government would inevitably fail in its efforts to feed the nation and if that happens al bets are off.


On Feb 16 01:22 PM paintismotion wrote:

> Wait another ten years and we will all be americans perhaps. I for
> one can not see Canada staying independent from the USA in the long
> term. Also- it is not worth losing one's life over or fighting for
> - as amalgamation is inevotable from a resources perspective. one
> has to keep the eye on the long term and the long term indicates
> a progressively aging population, oil scarcity, probably continuing
> bad government at most levels and a rapidly unravelling economy over
> the next 50 years. immigration will and should be discouraged in
> the face of dwindling resources off into the future. If I was you
> i'd buy a farm and learn how to grow food. Land and food production
> in the future will be wealth generators.

How to Preserve Wealth in a Socialist Economy

Wait another ten years and we will all be americans perhaps. I for one can not see Canada staying independent from the USA in the long term. Also- it is not worth losing one's life over or fighting for - as amalgamation is inevotable from a resources perspective. one has to keep the eye on the long term and the long term indicates a progressively aging population, oil scarcity, probably continuing bad government at most levels and a rapidly unravelling economy over the next 50 years. immigration will and should be discouraged in the face of dwindling resources off into the future. If I was you i'd buy a farm and learn how to grow food. Land and food production in the future will be wealth generators.


On Feb 15 09:49 AM yellowhoard wrote:

> I've been looking towards Canada as a possible safe haven. There
> is no inheritance tax and a five year grace period for non Canadian
> cap gains. The country has enormous resource wealth so the currency
> should improve relative to the US dollar. Granted their taxes are
> high now, I see them as being reasonable five years out.
>
> When the bill comes for this orgy of spending, we will have 80%+
> marginal rates. At that point, you might as well be a slave.
>
> Any Canadians out there to give me advice?

In This Global Depression, Gold Is a Safe Haven

Physical gold is and always has been "money" in our civilisation. Paper is paper masquerading as money. Paper is paper. Gold is Gold. I would caution any smart investor to hold a certain - perhaps small - amount of gold in their porfolio. If and when a gold crash does occur one could always sell their gold for a basket of paper currencies on its way down as it would not happen overnight that gold would drop 40% anyway. Thank god gold is not the Dow. In fact - i just bought another 6 oz physical today after walking by the Scotiabank main branch. Was i sad to see those paper dollars go? Nope :) Truth is there are plenty more where they came from and truckloads being printed daily. Can't say the same about gold - especially the physical variety.

Own Gold? Time to Fold

Screw trusting in gov't anymore - or its various departments and personnel. think for yourselves for god's sake. Does any of this seem normal?

1. housing market collapse.
2. bank collapses.
3. insurance collapses.
4. massive fiat money bailouts.
5. countries defaulting on soverign debt.
6. lack of trust betrween financial institutions.
7. massive spectre of inflation.
8. could it be followed by rapid collpase into deflation and depression?
9. it would take almost 40K$ us to equal one ounce of gold if the dollar were to be backed by it.
10. no one from here to switzerland can keep up with the demand for gold.
11. resources are running out in a wide number of categories around the world - honesty being the main resource we are short of.
12. we will have an energy crisis - again. we have had several since the 70's.
13. we can no longer "afford" our governments.
14. our government leaders mostly are all in over their heads.
15. consumers are scared.
16. the vast majority of western nation's wage earner live "paycheck to paycheck".
17. there is a lot of unemployment and it is rising each month.

I believe gold is money - so is silver. it was that way for a millenium. it will continue. Be prepared. You have nothing to lose in being prepared.
. i am buying maple leafs and silver rounds, bars and eliminating any debt i have for starters. i will use the market where i can and when i can to make money and worry about fools later. short or long - as long as i make money.

Some said back in the seventies we would run out of resources in 40 years and all be going back to the land someday ... meaning we would need or be forced eventually to return to an agrarian society. we may not do that but we may come damn close. buy a good farm if you can. i have. good luck to you all.