Dougie93

Bear in mind that there is going to be a point to start buying again, just not right now, because right now we are in free fall.

I am hedged for a depression appropriately, for some that invokes visions of the Great Depression, but that's not what I'm expecting, you can have a depression without it being the Great Depression, not all depressions are the Great Depression.

Hyperinflation of the US dollar implies that the world has a hyper better place to park its money than America, no such place exists at this juncture

If the US dollar went into hyperinflation the catastrophe would be so massive it's not worth bothering to hedge for a such low probably event That's Doomsday Prepping, which is counterproductive

I've been taking profits and diversifying them all along, but I am holding quite a few US dollars now.

I'm always holding gold, but I'm not panic buying gold.

I'm not too concerned about it, there's more likely to be a thermonuclear war than hyperinflation At the end of the day, I was poor before, so I could survive being poor again With all my assets, I wouldn't be near as poor as others

CDC reports that the virus can survive for up to 17 days on surfaces Remember, surgical gloves are single use and throw away, you can't wear them around all the time, because that's no different than your hands So keep them handy, but like a whole box of them, wash your hands before you put them on, do the task, throw them away, wash your hands again, is the proper method

Not the military ones, an EMP attack is a nuclear attack it would result in a launch on warning retaliation EMP's are just another type of nuclear strike, so they are deterred the same as all the other nuclear weapons Not saying it can't happen, nuclear deterrence is not assurance, but it was the same chance as happening as a thermonuclear war, as an EMP strike would be first strike counterforce

I probably go a little further than the average civilian prepper Although I am not a Doomsday Prepper, because that is an oxymoron Doom is doom, there is no preparation for it, other than the God of the Hebrews is with me, always

Not at all, I am nothing if not law abiding, I resist Her Majesty's enemies and defend the Queen's Peace by the Glorious Revolution of 1688 VRI - Pro Patria

Oh I have far more than just guns, I am for intents and purposes an Operator, full spectrum dominance

This is why I am an economic prepper first, you can't secure any rights at all until you secure your property rights My paramilitary prepping is just a hobby.

You see, it's a boom & bust world and the booms & busts are getting bigger This bust was caused by the solution to the last bust and so it is compounding This is why we Prep

Here's the thing you are missing tho, folks The bull market was an inflated bubble incited by the central banks buying their own bonds to lower the interest rates to juice the market Those interest rates are now at zero So there is nowhere to go from here except negative interest rates Which are the stuff wage and price spirals are made of Otherwise known as a depression Trying to juice the market now, is not going to work

Preaching to the choir, I just took that ride up from 2009-10 to 2019-20, mission accomplished

God bless America

It will likely never be the same, the market forces at this scale will alter the terrain permanently, not necessarily for the worse, there will be winners & losers

Western Canadian Select $7.23 / barrel

Chaos is a ladder, let slip the vultures to feast on the carnage

Wait till they find out that deflation is actually worse than inflation.

The enviroment is actually deflationary right now, with the central banks having blown the ballast tanks and boat still sinking, the threat is actually a wage & price spiral Otherwise known as a depression

I entered the bear market at the bottom, rode the bull market all the way up, late cycle I was watching for the Black Swan, when I saw it Wuhan I wrapped my position up Pocketed all the money from the Federal Reserve free money party, set for life now, although I'm old, so that's not going to be forever.

I already saw the opportunity and made a shitload of money out of it, now I can just chill because I'll never have to work again, the derpression is not going to impact me Rather, I can now circle like a vulture feasting on the carnage

Exactly. Brace for depression. Not the end of the world, but much worse than a recession