Are You Personally Prepared For a Natural Disaster?

Discussion in 'All Things Boats & Boating' started by Submarine Tom, May 2, 2012.

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  1. Frosty

    Frosty Previous Member

    I think Ive found where your going wrong.

    They own the house you live in and your next door neighbour . they also own half the gas station and lend to the local council that collects your garbage. They also manage funds for companies to pay wages at the end of the month.

    On the other side of the ballance sheet they hold funds in cash not only for safety but to re invest with other businesses.

    They control millions if not billions in debt and credit of your life and mine so no they can not just go out of business like Bill Blogs the builder can.
     
  2. masalai
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    masalai masalai

    Hi frosty,
    I am not talking about your corner Savings and loans bank, where you have your savings cheque and business accounts... The following are (or at least SHOULD NOT), not exempt from fiscal mismanagement and collapse...

    The banks that "rule the world" such as most of the "central banks" - one which you should know of is the "Reserve banks" for your home country and probably the FED - - 'US Federal Reserve Bank' - - (which is PRIVATELY OWNED), and some other banks that occasionally claim to be "too big to fail and if you do not 'bail-us-out' we will collapse the global economy" such as G.Sachs, J.P.M.Chase, B.ofA., HSBC, Barkleys and a few others founded by the families that used to be called "merchant banks"... The banksters that seem to always make the financial news by paying a seemingly HUGE fine (several billion to hundreds of billions without admitting guilt or any wrongdoing)... THEM...
     
  3. Frosty

    Frosty Previous Member

    Then it should seem obvious then that they can not go bust for the very reasons you have mentioned.

    Its the management that is at fault with too much freedom seemingly able to manipulate anything they want.

    If regulation were to be implemented as it will soon be then some stability will result. The very stability each and every leader is calling for.

    New business ventures need stability, borrowing money with daily news of new methods of manipulation is hardly confidence building. Plus knowing that from here there is only one direction for interest rates.

    Not good foundations for venture is it.

    There something to be said for getting the bad news and truth out so venture can be calculated even if still un suitable. In the same light interest rates should rise to a decent level --say 5% and held for 5 years so venture can at least be calculated and risk understood.

    The financial system of 2012 is now complicated and using the old method of interest rates as a gas pedal or brake is obsolete and has massive effect as a brake but not as a gas pedal.
     
  4. masalai
    Joined: Oct 2007
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    masalai masalai

    Hi Frosty,
    These links may help, and are primarily for you -
    http://www.peakprosperity.com/blog/79194/middle-class-destroying-future
    http://www.peakprosperity.com/blog/79219/our-money-dying
    http://www.peakprosperity.com/blog/79264/james-howard-kunstler-too-late-solutions

    My course of action is limited and I have it pretty well planned - I hope...

    and a joke (at my expense?) :D :eek: :p except I got bit by gold not stocks....
    "There's an old joke that goes something like this...
    Q: - What's the difference between gold stock investors... and a pigeon?
    A: - The pigeon is able to put a deposit on a BMW."
     
  5. BPL
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    BPL Senior Member

    How did you lose 350K? :( Did you have it in your bank accounts before you lost it? (and is there FDIC equivalent in Australia?)
     
  6. masalai
    Joined: Oct 2007
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    masalai masalai

    NOT in a bank but by market manipulation of commodities by banks in NY such as GS JPMC et al... - That is "Collateral Damage" caused by US entities... manipulating markets to boost the value of the US$... You may learn about it in several years time...
     
  7. BPL
    Joined: Dec 2011
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    BPL Senior Member

    Don't count your chickens before they are hatched.
     
  8. Frosty

    Frosty Previous Member

    When you put money in the market you are taking a risk. There should be NO risk in placing it in a bank. Thats why you get low risk dividend as in low interest rates.

    The discussion of banks going bust is not confidence building and It should not be so, not even a whisper as it should not be possible.

    I would not put one penny into the market because it is a manipulative night mare with the possibility nay likely that you will loose it.

    Counting chicken is exactly what you should be able to do with a bank. You should be guaranteed your return 100 % and at a reasonable interest rate you are happy with.

    You should not be told sorry by a 19 year old in a grey suit that lost your low risk investment in high risk Japanese derivatives.

    Theft --fraud = prison. It needs changing NOW you wont get confidence until it is.
     
  9. Yobarnacle
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    Yobarnacle Senior Member

    realestate is REAL estate. All other investments are pie in the sky
     
  10. Frosty

    Frosty Previous Member

    What???? Youve just been through a property decline --you can buy a house in France for a frank or two and Greeece well.

    I dont want brick.

    Your only about 20 years behind with that advice.
     
  11. Yobarnacle
    Joined: Nov 2011
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    Yobarnacle Senior Member

    not in my opinion. I'm leaving this week back to florida. To buy a wooded lot, quarter acre, $400 down and $67 a month for 2 years. Sale and finance by owner. In 10 or 20 years, it will be worth 50x that price. Even in these depressing times, Florida is STILL the fastest growing population in USA. Raw land is ALWAYS a good purchase. They ain't making any more of that stuff. Can't be destroyed or vandalized, or easily stolen. Needs a lawyer to try to steal it.
     
  12. SamSam
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    SamSam Senior Member

    Isn't that the general plan for investing? Buy low, sell high? I would think a bankrupt country like Greece would have many opportunities now in real estate. Real estate just about everywhere is dirt cheap. People are not buying or building, but they are living somewhere and there are plenty of places for sale. Multi family housing now is priced in many cases at paybacks in 5-8 years, for a 12-20% (gross) gain on money, that the renters payoff and you end up with the property, all for the price of a down payment. If a person has no faith in the world's economy ever coming off this low and reaching new highs, as per usual, then you should be preparing for what this thread is about, an equivalent to a natural disaster. If the new order is the 1% steals it all, or the 99% is consigned to eating rats in tin roofed slums, then you should be acquiring weapons, tradeable objective wealth of some sort as opposed to the subjective wealth of gold, and creating a power base amongst fellow humans that believe as you do. Win friends and influence people by starting a new cult, become a Messiah, people always fall for that ****, it works every time.
     
  13. masalai
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    masalai masalai

    For the "fun of it" - - Playing as a "cat amongst the pigeons" :D on the real-estate side of the investment markets globally, - I have read opinions from people around the world, (not those with a vested interest in real estate spruiking), that are 'advising' that in their region, real estate still has some 30% and more to fall... :p :p :p
     
  14. SamSam
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    SamSam Senior Member

    Well, there is no lack of opinions covering every conceivable possibility when it comes to investing.
     

  15. masalai
    Joined: Oct 2007
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    masalai masalai

    http://www.globalresearch.ca/index.php?context=va&aid=31934 - - A sort-of history lesson viewed from outside (a Canadians view?)... Worth while having a careful read, and do try to understand the fundamentals and backgrounding contained in that link...

    Are your children prepared for this unnatural event?
     

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