Even if I withdraw my TFSA, the money would be worth fuck all. Bitcoins or gold might be worth something, so would real estate. But in a deep enough crisis, the government could and probably will seize assets. How do we avoid getting fucked. I know I have joked in the past that ammunition will be a valuable commodity, but are we actually on the way to that?
Regardless of the situation at hand, I found it profitable investing in your health, fitness, skills (incl. survival), knowledge, etc.
Too many people focus on material items which all depreciate, just at different rates. Even gunpower can go bad. Gold is good, but you still need others to value enough of it to give you things in exchange; tough in an apocalypse scenario.
If shit goes down, you may end up having a skill that others will find valuable.
Alternatively, if it's an "every man for himself" scenario, then your health and fitness/combat skills can come in handy in taking stuff from others or (more honorably) providing protection from the bad guys.
You can then ask for payment in physical items, or other skills/services.
That's pretty much the economy just without money. So technically a kind of barter approach.
You can buy CAD which Trudeau will print endless amounts of, eroding value, or a cryptocurrency with a fixed value and numerous advantages. It's a no-brainer. Hodl the magic internet money.
I hold silver too, yet it's not about to make me a millionaire. My silver holdings are up maybe 200-250% on average since purchase, while crypto is up over 2000%.
Mostly a scam, with some interesting technological/blockchain ideas that have no impact on the value of each coin. You can make (or lose) some money if you get lucky but that's harder than you think, given that Elon & the rich buyers need to make a profit and that profit's gonna come from regular investors.
The main problem is that the paper fiat money is backed by the governments who require you to pay taxes and if you don't they have very real and tangible guns and jails. So until they decide to make us pay in some crypto, it's essentially worthless. Also if they do, the governments will just make their own cryptocurrencies instead of the ones we have now.
Exactly, this isn't 2017 anymore. Do research, and realize that there are at least 50 good projects out there, and another couple hundred decent, but likely going nowhere projects. The rest are all shitcoins. Never buy a coin less than 500m market cap. Research your shit. Hell, even stick to the big 2 coins and you'll do fine.
Buy a bot, that's the only way you can really get ahead. I run my bot 24/7 on futures, making shorts and longs. It uses a small percent of my principle (around 0.1%) to make 0.1% a day., ends out being about 6% gain every thirty days.
So if you have, say, 10k in a futures account, your bot will make you around 10$/day, but sometimes 60 or 70$. Today it's 8am here, and my bot is upto 40$, so today's a good day.
It's slow, but reliable. And good interest. Just have to keep a computer running with a reliable internet connection 24/7 to be able to use it.
What's the point?
The bot gives me between .1% and .6% of balance a day, in total. If I split my balance up into ten smaller accounts, and ran ten bots, i'd still make between .1% and .6% of my balance a day, in total.
I can link my 30 day performance if you'd like. I bought it at full price, but it makes me about a grand a month with my balance. I paid full price for it, the 30% off sale isn't normal. Decent investment to get into it, but it pays off after running it for a while, depending on your balance. I'm on Binance Futures right now and you can do it manually too.
Simply use small amounts (if you have a 100$, shot and long with 1$ max) a few times a day, and you'll be around .1 and .6% in now time. Reason for the small amounts is if the market swings (which it will) you can double up about 30 times.
Later on, put in on a crypto visa so the government can't see your profits.
As someone who's lost thousands before making dumb decisions, start small. You think you'll be smart and won't make mistakes, but you will. There's the 90 rule - 90% of traders will lose 90% of their portfolios in 90% days or less.
I say, start on futures (linked above) with 100$. Make trades of 1$ with 25x leverage. It'll be the same as starting with 2,500 (if you're using 25x), but when you screw up, Binance loses the money, not you. Well, except for your hundred dollars.
Once you turn that 100$ into 200$, and it will take about a year of mistakes and screwing up, then you're reading for the intermediate levels. Do 1000$.
I make very small trades, about 4$ each, sometimes 7$, rarely over 100$ if i've been dollar cost averaging for a few days, and I'm patient. At the end of the day, though, I'm usually at least .5% richer than I was when I woke up.
As I said before, feel free to pm me if you need more details. We need to get away from banks, and I'm willing to do whatever I can to help kick it off.
I put a very small amount in late (February) at all time highs. Purely a speculative play, but I wanted to figure out the crypto game and be ready in case it is sensible to put more into. I am starting to understand its potential but the hype around it is very dangerous, lots of personalities manipulating prices, pump and dumping, etc. so it's a gamble. I try to ignore alt coin hype and stick with mainly with BTC and ETH, some side bets with ADA, DOT and DGB. The trading fees and capital gains tax are a bit ridiculous.
I think my old boss had the right idea for that kind of scenario here on the coast. Said economic collapse won't kill you, people will kill you so buy a sailboat. If shit got bad you just pack up and sail off, plenty of food in the ocean. Lots of other boats around but fuel will dry up fast, wind power isnt going to vanish though. Lots of uninhabited islands or mainland areas a guy could homestead.
It sounds great in theory but what percentage of Canadians do you believe have the skills and work ethic to actually do this? Like 1/100,000th of a percent?
Nice. A buddy of mine bought a 25' sailboat years ago that was in great shape just needed a little TLC to really shine, he paid something like $2500 for it. There's some good deals out there. Good luck finding more than temporary moorage at a marina though.
Not saying it would be easy, but I think in the economic collapse scenario being described where people are willing to cut your throat for a mouthful of food I'd be giving it a shot. If you had a boat and some fishing gear you'd at least be eating decently.
If nobody comes and buys government debt then central banks would have to raise the interest rate to attract bond buyers.
In a sane world, yes, this is the way it works.
In our current insane ClownWorld, this is not what's happening. Nobody is 'buying' Canadian treasuries except for our federal bank. Idiot liberals like to try and play this down and call it 'borrowing from ourselves.' I like to call it what it is, stealing from our grandchildren. Interest rates do not have to rise right away because there truly are very few buyers (if any) for our bonds except for what basically amounts to our own government.
This is the game Turdeau is playing, and it's a fucking dangerous one. Unfortunately the old adage of 'conservatives only want to cut when they're in government' is entirely true. Conservatives have to cut when they're in government because of all of the overspending that the previous Liberal governments have traditionally done. It puts us on the backfoot every single fucking time because Canadians are largely too fucking dumb and lazy and fucktarded to see through this bullshit and know what's actually happening.
I'm far from a financial wizard but watched a youtube video explaining why going into debt is actually making people money. Even with a rise in interest rates the deflation on the principle amount can actually outpace the interest paid resulting in an net positive effect for the debt holder.
I've always been very adverse to holding any sort of debt and I'm not necessarily going to change, but certain types of debt like mortgages and business loans almost advantageous given the circumstances. Sad state of affairs when saving and real investment is second to borrowing.
Great post but is misses one major point. The economy is fake. It is a man made invention that is barely 200 years old. Nothing is finite. The rules that applied in the 1960s don't apply now. Fuck the rules from 2007 don't apply now.
if the sky falls, and it will someday, you are fucked. No amount of hoarding or survivalist bullshit will save you. You will die. Don't worry about it. Live your life and stop being a pussy.
I think the housing market question isn't one of 'if' but 'when' at this point. Canadian housing has become so obscenely skewed that none of it makes any sense anymore.
Canada has turned her back on 'traditional industries' like resource extraction and manufacturing in exchange for housing now making up a massive portion of our economy, to the extent that housing has never made up a portion of the Canadian economy that it does right now by a LARGE margin.
Even if I withdraw my TFSA, the money would be worth fuck all. Bitcoins or gold might be worth something, so would real estate. But in a deep enough crisis, the government could and probably will seize assets. How do we avoid getting fucked. I know I have joked in the past that ammunition will be a valuable commodity, but are we actually on the way to that?
Regardless of the situation at hand, I found it profitable investing in your health, fitness, skills (incl. survival), knowledge, etc. Too many people focus on material items which all depreciate, just at different rates. Even gunpower can go bad. Gold is good, but you still need others to value enough of it to give you things in exchange; tough in an apocalypse scenario.
If shit goes down, you may end up having a skill that others will find valuable. Alternatively, if it's an "every man for himself" scenario, then your health and fitness/combat skills can come in handy in taking stuff from others or (more honorably) providing protection from the bad guys.
You can then ask for payment in physical items, or other skills/services. That's pretty much the economy just without money. So technically a kind of barter approach.
Worst case you can stretch out gasoline by blending ethanol. Just need to make sure you get the purity high enough.
How did he get past the azeotrope point at 95.5%?
You can buy CAD which Trudeau will print endless amounts of, eroding value, or a cryptocurrency with a fixed value and numerous advantages. It's a no-brainer. Hodl the magic internet money.
I hold silver too, yet it's not about to make me a millionaire. My silver holdings are up maybe 200-250% on average since purchase, while crypto is up over 2000%.
*supply, my bad.
Then buy ethereum. E- is in ample supply with nuclear. Bigger issue is in event of worldwide collapse without internet, crypto is fully useless.
Mostly a scam, with some interesting technological/blockchain ideas that have no impact on the value of each coin. You can make (or lose) some money if you get lucky but that's harder than you think, given that Elon & the rich buyers need to make a profit and that profit's gonna come from regular investors.
The main problem is that the paper fiat money is backed by the governments who require you to pay taxes and if you don't they have very real and tangible guns and jails. So until they decide to make us pay in some crypto, it's essentially worthless. Also if they do, the governments will just make their own cryptocurrencies instead of the ones we have now.
Just my opinion though.
Exactly, this isn't 2017 anymore. Do research, and realize that there are at least 50 good projects out there, and another couple hundred decent, but likely going nowhere projects. The rest are all shitcoins. Never buy a coin less than 500m market cap. Research your shit. Hell, even stick to the big 2 coins and you'll do fine.
5 year veteran here.
Buy a bot, that's the only way you can really get ahead. I run my bot 24/7 on futures, making shorts and longs. It uses a small percent of my principle (around 0.1%) to make 0.1% a day., ends out being about 6% gain every thirty days.
So if you have, say, 10k in a futures account, your bot will make you around 10$/day, but sometimes 60 or 70$. Today it's 8am here, and my bot is upto 40$, so today's a good day.
It's slow, but reliable. And good interest. Just have to keep a computer running with a reliable internet connection 24/7 to be able to use it.
Couldn't you just have multiple bots then?
What's the point? The bot gives me between .1% and .6% of balance a day, in total. If I split my balance up into ten smaller accounts, and ran ten bots, i'd still make between .1% and .6% of my balance a day, in total.
This is the bot I'm using
I can link my 30 day performance if you'd like. I bought it at full price, but it makes me about a grand a month with my balance. I paid full price for it, the 30% off sale isn't normal. Decent investment to get into it, but it pays off after running it for a while, depending on your balance. I'm on Binance Futures right now and you can do it manually too.
Simply use small amounts (if you have a 100$, shot and long with 1$ max) a few times a day, and you'll be around .1 and .6% in now time. Reason for the small amounts is if the market swings (which it will) you can double up about 30 times.
Later on, put in on a crypto visa so the government can't see your profits.
You bet. Feel free to PM me.
As someone who's lost thousands before making dumb decisions, start small. You think you'll be smart and won't make mistakes, but you will. There's the 90 rule - 90% of traders will lose 90% of their portfolios in 90% days or less.
I say, start on futures (linked above) with 100$. Make trades of 1$ with 25x leverage. It'll be the same as starting with 2,500 (if you're using 25x), but when you screw up, Binance loses the money, not you. Well, except for your hundred dollars.
Once you turn that 100$ into 200$, and it will take about a year of mistakes and screwing up, then you're reading for the intermediate levels. Do 1000$.
Right now, I've been in it for about four years. Right now, I'm having a great week, making 0.7% a day, so that means if I had 10k in there, I'm seeing (according to the compound interest calculator at https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php ) about 4k a month.
I make very small trades, about 4$ each, sometimes 7$, rarely over 100$ if i've been dollar cost averaging for a few days, and I'm patient. At the end of the day, though, I'm usually at least .5% richer than I was when I woke up.
As I said before, feel free to pm me if you need more details. We need to get away from banks, and I'm willing to do whatever I can to help kick it off.
I put a very small amount in late (February) at all time highs. Purely a speculative play, but I wanted to figure out the crypto game and be ready in case it is sensible to put more into. I am starting to understand its potential but the hype around it is very dangerous, lots of personalities manipulating prices, pump and dumping, etc. so it's a gamble. I try to ignore alt coin hype and stick with mainly with BTC and ETH, some side bets with ADA, DOT and DGB. The trading fees and capital gains tax are a bit ridiculous.
I think my old boss had the right idea for that kind of scenario here on the coast. Said economic collapse won't kill you, people will kill you so buy a sailboat. If shit got bad you just pack up and sail off, plenty of food in the ocean. Lots of other boats around but fuel will dry up fast, wind power isnt going to vanish though. Lots of uninhabited islands or mainland areas a guy could homestead.
It sounds great in theory but what percentage of Canadians do you believe have the skills and work ethic to actually do this? Like 1/100,000th of a percent?
Nice. A buddy of mine bought a 25' sailboat years ago that was in great shape just needed a little TLC to really shine, he paid something like $2500 for it. There's some good deals out there. Good luck finding more than temporary moorage at a marina though.
Not saying it would be easy, but I think in the economic collapse scenario being described where people are willing to cut your throat for a mouthful of food I'd be giving it a shot. If you had a boat and some fishing gear you'd at least be eating decently.
In a sane world, yes, this is the way it works.
In our current insane ClownWorld, this is not what's happening. Nobody is 'buying' Canadian treasuries except for our federal bank. Idiot liberals like to try and play this down and call it 'borrowing from ourselves.' I like to call it what it is, stealing from our grandchildren. Interest rates do not have to rise right away because there truly are very few buyers (if any) for our bonds except for what basically amounts to our own government.
This is the game Turdeau is playing, and it's a fucking dangerous one. Unfortunately the old adage of 'conservatives only want to cut when they're in government' is entirely true. Conservatives have to cut when they're in government because of all of the overspending that the previous Liberal governments have traditionally done. It puts us on the backfoot every single fucking time because Canadians are largely too fucking dumb and lazy and fucktarded to see through this bullshit and know what's actually happening.
Essentially we are our own worst enemy. : /
I'm far from a financial wizard but watched a youtube video explaining why going into debt is actually making people money. Even with a rise in interest rates the deflation on the principle amount can actually outpace the interest paid resulting in an net positive effect for the debt holder.
I've always been very adverse to holding any sort of debt and I'm not necessarily going to change, but certain types of debt like mortgages and business loans almost advantageous given the circumstances. Sad state of affairs when saving and real investment is second to borrowing.
So... buy more guns and ammo
Great post but is misses one major point. The economy is fake. It is a man made invention that is barely 200 years old. Nothing is finite. The rules that applied in the 1960s don't apply now. Fuck the rules from 2007 don't apply now.
if the sky falls, and it will someday, you are fucked. No amount of hoarding or survivalist bullshit will save you. You will die. Don't worry about it. Live your life and stop being a pussy.
I think the housing market question isn't one of 'if' but 'when' at this point. Canadian housing has become so obscenely skewed that none of it makes any sense anymore.
Canada has turned her back on 'traditional industries' like resource extraction and manufacturing in exchange for housing now making up a massive portion of our economy, to the extent that housing has never made up a portion of the Canadian economy that it does right now by a LARGE margin.