Unchained Preppers
Off Topic/ B.S. => General Off Topic => Topic started by: pkveazey on July 08, 2018, 04:33:55 PM
-
Most of us associate Money with Wealth. For a long time I certainly did. Over the past several years I've been following the economic talking heads. I've come to the conclusion that Money is not Wealth. The thing that finally made me see that was when Venezuela's economy collapsed. Their Hyper-Inflation caused people to be Billionaires and still starve. They have plenty of money but they have no actual wealth. My Silver stacking and Prepping, I hope, will put me in a position where Hyper-Inflation will less affect me than many others. Having things that other people need is Wealth. Having things that other people don't need is not wealth. For instance, having several Ferrari's is not necessarily wealth. Most of us can get by just fine with a five year old Chevy. Focusing on purchasing things that will be needed by others seems to me to be the foundation of Prepping. When I by prepping items, I often buy one or two extras to use as trade items. If I need it, then somebody else will probably need it also. I don't want to raise Bees for Honey and I don't want to raise a Garden for Veggies unless I have to. There is a fellow about 2 miles down the road who raises Bees and I hope to trade with him. I have a bunch of seeds that I hope to trade with someone who doesn't mind Gardening. I can give someone some seeds and they can do all the work and I can get part of the crop. I have some ammo but I don't like to hunt. I can give some ammo to someone who hunts and they can bring me some meat. Everybody gets what they want. Having things that others need is Wealth. Having real estate can be wealth but it also can be a liability. If you can't afford the taxes, then the Government takes it and you have nothing. Holding Precious Metals can be wealth because people want it and taxes aren't a problem. You bought the Precious Metal with money that the taxes were already paid on. I guess the point is, Currency isn't always Money.
-
amen!
Wealth isn't money - money isn't currency - things won't bring you happiness - you can't eat gold.
:cheers:
-
Most of us associate Money with Wealth. For a long time I certainly did. Over the past several years I've been following the economic talking heads. I've come to the conclusion that Money is not Wealth. The thing that finally made me see that was when Venezuela's economy collapsed. Their Hyper-Inflation caused people to be Billionaires and still starve. They have plenty of money but they have no actual wealth. My Silver stacking and Prepping, I hope, will put me in a position where Hyper-Inflation will less affect me than many others. Having things that other people need is Wealth. Having things that other people don't need is not wealth. For instance, having several Ferrari's is not necessarily wealth. Most of us can get by just fine with a five year old Chevy. Focusing on purchasing things that will be needed by others seems to me to be the foundation of Prepping. When I by prepping items, I often buy one or two extras to use as trade items. If I need it, then somebody else will probably need it also. I don't want to raise Bees for Honey and I don't want to raise a Garden for Veggies unless I have to. There is a fellow about 2 miles down the road who raises Bees and I hope to trade with him. I have a bunch of seeds that I hope to trade with someone who doesn't mind Gardening. I can give someone some seeds and they can do all the work and I can get part of the crop. I have some ammo but I don't like to hunt. I can give some ammo to someone who hunts and they can bring me some meat. Everybody gets what they want. Having things that others need is Wealth. Having real estate can be wealth but it also can be a liability. If you can't afford the taxes, then the Government takes it and you have nothing. Holding Precious Metals can be wealth because people want it and taxes aren't a problem. You bought the Precious Metal with money that the taxes were already paid on. I guess the point is, Currency isn't always Money.
You talk about trading everything except the silver, so what real value does it have if no one wants it? After the SHTF, what would you trade to get silver?
You should talk to your bee neighbor and start trading with him now to build a relationship
-
For my wife and I having the medicines to keep us alive is wealth. The most we could ever have at one time is three months plus the med's we stash away by skipping taking it at times.
-
I'm glad you asked about the Silver. The Silver experts seem to think that we should hold our precious metals as long as possible and not spend any unless we have no other option. It might be pretty hard to make a trade with your doctor so the Silver may come in handy for that type transaction. Basically, when your Silver is gone, its gone forever. Silver and Gold have been used as money for 6 thousand years all over the world but we have been handing each other some worthless pieces of paper for all our lives and the notion that we can use Gold or Silver is something that we will have to get used to all over again.
-
Great conversation you started PK. Yes, wealth isn't always money. Wealth can be expressed in things that people need and of course friends.